SBI MaxGain OD Account

POSTED BY suresh k ON November 25, 2012 3:12 pm COMMENTS (2)

I’ve availaed SBI MaxGain loan and I can see the the OD account is appearing linked to SBI SB A/C id. I was told that the i can transfer funds to and FROM the OD account.

I’ve recently registered my property. But, I still don’t see the OD account appearing the list of accounts that I can transfer funds FROM. I’m able to ONLY transfer funds TO the OD Account.

Does any one have an information this.

 

Thanks,

Suresh

2 replies on this article “SBI MaxGain OD Account”

  1. Ashal Jauhari says:
    December 27, 2012 at 5:25 pm

    Dear Suresh, please contact your loan servicing branch & asked for transaction rights on your OD acct. once these rights are active, you can transfer from OD to Sb also.

    thanks

    Ashal

    Reply
  2. Pradeep Kolanu says:
    November 28, 2012 at 2:05 pm

    OD account stands for Over Draft account. The Over draft account deals with borrowed money or funds. Over draft account holders can withdraw an extra amount on credit if their account has no funds.
    Please refer: https://www.sbi.co.in/user.htm?action=print_section&lang=0&id=0,1,20,115,741,786

    http://www.investopedia.com/terms/o/overdraft.asp#axzz2DVKZuW9J

    Reply

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