Sbi Maxgain Book Balance Zero

There is nothing due from your side to bank.

Sbi maxgain book balance zero. Therefore make sure that the excess account balance never breaches the principal outstanding. The bank offers an interest rate of 3 25 per annum on deposits less than rs 1 lakh. Pre payment vs parking surplus funds.

20 jan 2014 6 23 252 00 0 00 2 080 00 0 00 2 080 00 27 74 000. Book balance 24 95 716 00 available balance 4 59 618 00 limit 29 55 334 00 drawing power 29 55 334 00 rate of interest p a 9 2. Excess account has rs 25 lakh.

Most important terms conditions. Sbi zero balance savings account can be opened singly jointly or with either or survivor. With the amb requirement now scrapped sbi customers will be able to operate their savings accounts with any balance and keeping zero balance will not attract any.

Positive book balance in maxgain od account means that you have re paid the total loan amount. I have some extra funds equivalent to the book balance whats the best option i. Sbi offers the same interest rate on zero balance accounts as on regular savings bank accounts.

Book balance end of month 23. Reduces outstanding principal balance. At the time of opening of an account as per the choice of the customer accounts are opened in the system as follows.

Let s say the loan outstanding is rs 20 lakh. The customer cannot have any other savings bank account if he she has a basic savings bank deposit account. If the customer already has a savings bank account the same will have to be closed within 30 days of opening a basic savings bank deposit account.