Dear Manish,
I have taken loan from a SBI in the year 2008 @ 9.5 and EMI calculated was 19500.00. And Bank is deducting the required EMI every month’s 10th day from my SBI saving a/c. And now the interest rate has been raised to 12.6 though I have not received any intimation on anything. And through online I am able see that the EMI also gone up to 21000. But still bank deducting the same 19500.00 old EMI from my a/c. When contacted bank wanted me to visit in person which is not possible since I am out side now.
I am very much confused and stressed, what will happen?Please suggest and advice me what to do?
Thanks in advance