SBI ECS clearance time

POSTED BY Daredevil13 ON January 6, 2013 1:59 am COMMENTS (2)

I have homeloan with SBI with Maxgain facility. I have set 5th as my ECS date for clearance from my salary account with Citibank to SBI Maxgain. This is my first EMI and today i could see ECS clearance on Citibank with the comments “ECS DEBIT PAID Paid to S.B.I., R.A.C.P.C” but i dont see the corresponding credit on my SBI Maxgain account. Will it take one day for it to reflect on SBI account?

2 replies on this article “SBI ECS clearance time”

  1. Raghu says:

    Hi Ashal,

    I too have set the ECS date as 5th and it got deducted on 5th but reflecting in SBI Maxgain account on 6th. I know that SBI calculates interest on daily basis. Would it not be a loss of one days interest to me?


  2. Dear Deardevil, I do hope by now the basic matter of ECS credit is settled.



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