Please help me in Understanding SBI Max gain home loan transactions

POSTED BY tarun ON August 5, 2014 6:32 pm ONE COMMENT

Hi All,

Plz help me in understand the transactions related to SBI Max Gain home loan account:

I was having 54253.35 Rs. as my Available balance till 31st July 2014. But when I checked on 1st Augaust 2014, Available Balance showing was 37436.35 Rs. i.e. less by 16817 Rs. On 10th of every month, an amount of 16810 Rs is getting deducted from my savings account as an EMI.

Now, my account looks like this as on 4th Aug 2014:

Book Balance – 17,38,780.65

Available Balance – 37436.35

Limit – 17,762,17

Uncleared Balance – 0.00

Drawing Power – 17,762,17

Plz find below the recent transactions on my OD account:

 

(31-Jul-2014) DEBIT INTEREST 15,192.00
(11-Jul-2014) BY TRANSFER
INB 4253.35_50000_11-14-2014
II16063214 TRANSFER FROM 20158347433 Mr. TARUN SHARMA 50,000.00
(11-Jul-2014) BULK POSTING
BY E.M.I. TRF FROM 05491610063548
16,810.00
(30-Jun-2014) DEBIT INTEREST 15,004.00
(11-Jun-2014) BULK POSTING
BY E.M.I. TRF FROM 05491610063548
16,810.00
(02-Jun-2014) BY TRANSFER
INB loan
II15422391 TRANSFER FROM 20158347433 Mr. TARUN SHARMA 113.00
(31-May-2014) DEBIT INTEREST 15,522.00

As per my understanding, whatever is interest saved will be added to the Available Balance. but here, I have paid EMI as well as 16817 Rs. got deducted from my Available Balance.

Plz help me understand this.

Thanks,

Tarun

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