POSTED BY November 27, 2013 6:47 pm COMMENTS (7)ON
I have a query regarding my maxgain account. I had taken a home loan ( term loan )of 1500000(15 Lakhs) from SBI in 2009 and I pay EMI of 14,965. In the month of May 2013, I converted the term loan in to maxgain to make use of overdraft facility. On October 4 2013, I deposited Rs 4000 to my maxgain account. When I checked my account online on October 22 2013, my account showed following details .
Book Balance -14,01,844,00
Available Balance 3,382.00
Drawing Power 14,05,226.00.
Rate of Interest 10.05%
My question is I had deposited 4000 in my account instead of 4000, available balance showed only 3382. (I have not withdrawn any amount)
On November 19 2013 these are the details.
Book Balance -13,98,906,00
Available Balance 3,334.00
Drawing Power 14,02,240.00
Rate of Interest 10.25%
Every month money is getting deducted from my available balance. Can you please clarify why my money is getting deducted.