Possession Letter for Transaction Rights in SBI Maxgain

POSTED BY chinchwad_pune ON October 28, 2013 5:40 pm COMMENTS (5)

Hi,

I have taken loan of 38 lacs from SBI Maxgain. also linked my SBI savings account to the OD account.

1) Now full disbursement has been done,  when i ask them to activate transaction rights, they ask me to submit possession letter in RACPC branch. Is it true ? does I have to submit the possession letter ?

2) Also what is the procedure to get cheque book for the same >

Please reply.

5 replies on this article “Possession Letter for Transaction Rights in SBI Maxgain”

  1. ashalanshu says:

    Dear Chinchwad, if SBI demands original doc, submit the same to your loan serving branch.

    Thanks

    Ashal

    1. chinchwad_pune says:

      Thanks a lot Ashal !!

  2. chinchwad_pune says:

    Thanks for quick reply..
    but will you clear one more doubt, do i need to submit Original Possession Letter or copy of the same ? Because they ask me to submit original possession letter.

  3. ashalanshu says:

    Dear Chinchwad, please demand possession letter from your builder. Copy of the same is to be submitted to loan serving branch. Once it’s submitted, you ‘ll get Transaction rights.

    For cheque book you need to apply in your loan serving branch.

    thanks

    Ashal

    1. chinchwad_pune says:

      Thanks for quick reply..
      but will you clear one more doubt, do i need to submit Original Possession Letter or copy of the same ? Because they ask me to submit original possession letter.

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