HI,Is there any specific amount above which we will have credit for amount parked in overdraft account . Usually its any amount above the EMI for similar products in the market , wherein with SBI maxgain this overdraft account dose’t relate with EMI paid on monthly basis.
EMI is separate thing and the amount you park in OD is different. If by affording your EMI, you have any surplus then you can deposit into OD.
Mr. Basunivesh, Thanks for your response . In continuation with an illustration, if i park ₹100/- in this OD account will i get benefit. i.e ₹100 will be subtracted in the Outstanding loan amount(say ₹30,00,000) & thereof the interest will be calculated on ₹29,99,900 .