Mismatch in principal – SBI max gain

POSTED BY Swapnil7 ON March 12, 2014 4:11 pm ONE COMMENT

I got my 2013-14 interest certificate for 15 month old max gain loan account for tax purpose. However, the principal amount from the certificate do not match with my account statement.

On statement the ’Drawing Power’ got reduced by 29781/-. If Im correct this is the principal amount I paid in 15 months. But interest certficate shows I paid 49278/-. Why is this mismatch? Can you please help?

One reply on this article “Mismatch in principal – SBI max gain”

  1. ashalanshu says:
    March 13, 2014 at 11:21 am

    Dear Swpanil, whatis the response of Branch staff? Yes your understanding is correct. The reduction in drawing power is your actual loan repayment (principal amount).

    Thanks

    Ashal

    Reply

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