POSTED BY January 13, 2013 10:34 pm COMMENTS (5)ON
First of all thanks a lot for for initiating and contributing to such a wonderful forum which is very informative and entightening on various topics.
I went through the previous posts on SBI Maxgain Topic which was really helpful in understanding the Maxgain Product. I have the following query about SBI Maxgain Account.
I have been sanctioned an SBI Home loan of RS 30 Lac and my OD account has already been activated. Amount of 15 Lac has already been disbursed to the Builder. In order to save interest on the amount , I have transferred all my access funds in to the OD account. But now I am in need of the fund in order to make some payments to the builder but am not able to transfer the funds from my OD account to my SB account because I dont yet have transaction rights activated on my OD account. When I asked SBI to activate Transaction rights on my OD account , they say that the transaction rights can only be activated after disbursal of the entire loan amount. Pls suggets how can I withdraw money from my OD account?
Thanks in Advance.