Dear Experts,
I had taken my home loan in Dec 2010 from State Bank of Travancore which was a teaser loan with first year 8 % and second year and third year 9 % and rest of the period +2.5% from the SBT base rate. After speaking to the bank officials , I had changed to the SBT base rate (10.25%) now. When I requested for OD facility(Similar to SBI Max Gain), Banker says the applicable interest rate would be 10.5 %.(+0.25% ) for the same. I want to park my emergency fund into this OD account in future.
Please advice me on the same to go for OD or not. Your views will help me to live a better financial life.