If we considered there is a 30 lakhs loan has been taken and user has kept 7 lakhs in Margin OD account It is understood that the interest get saved on that 7 lakhs . I am getting following calculation by using one excel to understand how this Maxgain is useful against a surplus amount

Like if EMI gets started in AP19 and surplus amount= 7 lakhs has been kept from jun19 to Jun30, getting following calculations that the BB see= 23923 whereas 1792315 DP is see where as AB is seen =18 lakhs

Principle Intrest DP surplus Amount AB BB

₹14,080.14 ₹229.81 ₹1,806,499.77 ₹700,000.00 ₹1,802,867.24 (₹3,632.53) Apr30

₹14,184.57 ₹26.94 ₹1,792,315.20 ₹700,000.00 ₹1,816,238.51 May30

I can see the loan of RS 30 lakhs gets cleared on June 30 because all values in June 30 row are seen =0, but confusion in above calculation is that

Q1 Does added surplus amount i.e. 7 lakhs get considered against principle(prepayment?) in the month of Jun 30?

I can see if we do addition of principal paid against loan up to jun 30 is= 12 lakhs, so if we do addition of 12 lakhs + 11 lakhs exact amount seen = “2321837” still there is difference seen of 7 lakhs which is a surplus amount kept by user for from “jun19 to jun30”

If Answer is no,

Q2. Is that mean I can remove my 7 lakhs in month of June?

Q3 Does bank allow this condition (AB>DP)?

Q4.does the saved 11 lakhs in AB is considered prepayment against loan principle?

Q5. Here i want to understand how exactly 7 lakhs gets adjusted by Bank?

Does bank will ask to user weather surplus amount kept at the start) should be considered against Principle, do you want to close loan now? Because in above example AB>DP is seen.

OR

It will be taken by default?

- Can you elaborate more about your actual doubt?

Actual doubt is when AB became Morethan DP does surplus anout is going to consider prepayment against loan

e.g. X amut is parked in OD account for 10 yrs and after 10 years X amount became Y by saving interest which always parked in the OD account then after 10 yrs AB became greater than DP In This case I can seen the Parked amount X is considered in AB, Is it mean that X amount is considered a Prepayment against a loan?