Hi,
I have availed SBI Max Gain loan of amount 26.71 lakhs on August 2013. The first disbursement of Rs.24.56 lakhs was done on 10th Sept 2013. My EMI of 25,688 started from oct 10th 2013.
When I see my account online, every month 30th I see an entry of ”debit interest” in my statement. What is this amount. I dont have any clue on this. Even after full disbursement of money, I see a similar entry when my balance is 0. Then asked to the manager, he told , being an overdraft account, the software does some calculations and no need to worry about this.
Please advice.
Thanks and Regards,
Sivaram