POSTED BY August 11, 2014 1:24 pm COMMENTS (6)ON
I have gone through the detail descriptions of explanatiosn of SBI MAX GAIN account and its terminology like drawing power ,book balance,available balance and will not ask for same again. I think if i’ve understood the terminology rightly,i have further query regarding my max gain account as below:
I want to add surplus amount in Max gain so i get benifits of liquid amount and reduction in intrest. Hence,before adding this i want to thorough with my present working account which is as follow:
|intrest at loan sanctioned (feb-13)||9.95%|
|intrest at loan sanctioned (july-14)||10.25%|
|MY PAID EMI SUMMARY|
|Per month EMI||20300|
|Total month EMI paid||17month|
|AS PER BANK ACCOUNT|
|B||AVAILABLE BALANCE||23979||SURPLUS AMOUNT AVAILABLE|
|C||LIMIT||2010698||C = E|
|E||DRAWING POWER||2010698||OUTSTANDING LOAN AMOUNT|
|As per my calculation|
I dont understand why there is a difference of 41,302?
When i have not put any surplus amount,why available balance shows :23979?
I have max gain suraskha account also. Is the calculation of that account is link with OD account anyway?
MAX gain surakshs a/c show as follows:
|MAX GAIN SURAKSHA|
I dont understnad the terminology K to N in above for Suraksha account?
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