Is it worth going for the three-month EMI moratorium offered by Indian banks?

Is it worth going for the three-month EMI moratorium offered by Indian banks?

On March 27, the Reserve Bank of India (RBI) had permitted all bank and non-bank entities to defer, by three months, the collection of equated monthly instalments (EMIs) on all term loans outstanding on March 1. There are catches if you opt for the moratorium. What exactly is a “moratorium”?