Need A Financial Product Forums Loans Difficulty in understanding SBI max gain home loan account statement Difficulty-in-understanding-SBI-max-gain-home-loan-account-statement_REPLY

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This being an overdraft account, interest on outstanding amount is charged on last day of month. The amount by which the drawing power has declined specifies the repaid amount. Amount deposited in OD account reduces your interest outgo to the bank and the excess interest is credited to your account.

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