I have availed a home loan of Rs 20 Lac from PNB and withdrawn Rs 15 Lac. now I do not want to withdraw remaining Rs 5 Lac from loan a/c and write to branch manager to set my EMI on Rs 15 Lac only , he said you take remaining amount in your account once and repay the same amount in loan a/c after 2-3 days . Is this is the right way for this type of situation.
Secondly the bank made a insurance cover of Rs 13000 on my home loan amount from natural disasters without my knowledge but the bank manager says its a mandatory cover as per RBI guidelines. Please guide me as I do not require it.