Hi,
I tried to apply my brain to the extent possible by reading previous articles but unable to understand few things display in my SBI MaxGain Account.
Here is the current balance display shown in the account:
Book Balance: -25,58,097.00
Available Balance: 2,12,138.00
Limit: 27,70,235.00
Drawing Power: 27,70,235.00
I understand that drawing power is my Loan Outstanding Amount.
My full disbursement has been made (28 L) and I have now transactional rights to the account.
So, how come it’s showing available balance as Rs. 2 Lacs above ? I have not parked any excess amount as of now.
What exactly Book Balance shows ?
My first EMI started on August 2011. I have opted for starting of EMI instead of pre-EMI.
At any given point of time how to find out how much amount I can transfer to my other Savings Account whenever I am starting parking of extra money into this account ?
Also, I don’t know why my final disbursement was made lesser by Rs.6000/- which I had to pay to the builder separately.