Hi,
Can anyone please clear what this book balance (and available balance) means and how its affects my deposits and loan interest. Below are some figures I have gathered so far, so that you can use it to clear the concerns. My emi is 18570.00.
| Balance as on 9-Mar-13 | After EMI on 10-Mar-13 | After I deposited 100,000 on 10-Mar-13 | |
| Book Balance | -1381895.00 | -1362325.00 | -1263325.00 |
| Available Balance | 604113.00 | 622683.00 | 722683.00 |
When I check the difference of two book balance it shows -19570.00 & -99000.00 respectively, which I did not understand why. Shouldn’t it have been -18570.00 & -100000.00.
Available balance looks good, but not sure what the use of it.
Thanks,
Inty