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?

    -Raghu

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

    Thanks

    Ashal

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today