SBI MAXGAIN

POSTED BY vinayak kulkarni ON April 2, 2013 1:41 pm ONE COMMENT

Dear all,

I had taken Home loan from SBI in 2009 with MAXGAIN account. Soon after I got an opportunity abroad and I went there. Before going, I gave a SI (standing instruction) to bank to deduct my EMI from my SB account.

Now, I have parked my excess money in MAXGAIN and due to SI the EMI is also continuing. It shall soon exceed the loan amount and MAXGAIN might move into positive account balance.

My question is

1. What happens to excess money in MAXGAIN account will it fetch me any interest.

2. to stop my SI do I need to Travel to India,

3. Now can’t withdraw money from MAXGAIN account as my Indian mobile is no longer working

what should be best way ahead for me now ?

any suggestion welcome

/* Style Definitions */
table.MsoNormalTable
{mso-style-name:”Table Normal”;
mso-tstyle-rowband-size:0;
mso-tstyle-colband-size:0;
mso-style-noshow:yes;
mso-style-priority:99;
mso-style-parent:””;
mso-padding-alt:0in 5.4pt 0in 5.4pt;
mso-para-margin-top:0in;
mso-para-margin-right:0in;
mso-para-margin-bottom:10.0pt;
mso-para-margin-left:0in;
line-height:115%;
mso-pagination:widow-orphan;
font-size:11.0pt;
font-family:”Calibri”,”sans-serif”;
mso-ascii-font-family:Calibri;
mso-ascii-theme-font:minor-latin;
mso-hansi-font-family:Calibri;
mso-hansi-theme-font:minor-latin;}

One reply on this article “SBI MAXGAIN”

  1. Dear Vinayak, here are answers for your query.

    1. Excess money ‘ll remain there & you ‘ll not earn any interest on it.

    2. As your loan is not repaid in full you can not stop your SI.

    3. Please update your new Mobile no. with your branch to be able to receive OTPs there with you.

    Please do not think of closing the loan as of now. Let it remain as it is. Reactivate withdraw powers by using netbanking.

    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Your email address will not be published.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