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Can I add maxgain account as third party payee to my Citibank/HDFC savings account for online money transfer?

Dear Ashal

I am planning to transfer my home loan from HDFC to SBI maxgain… Just wanted to confirm the following details:

Is it necessary to have a SBI Savings account to link to OD maxgain account?

Can I add maxgain account as third party payee to my Citibank/HDFC savings account for online money transfer?

Is there a facility to transfer money online from maxgain account back to a different bank account?

If i transfer money to maxgain account; what will mode of payment- SI or ECS?

Appreciate all the help….

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