I have some doubt related to SBI Max Gain prepayment.
In SBI Max Gain account we can park our surplus amount and get benefit on interest calculation.
Suppose I have some amount in my account say 1Lakh rupees and I don’t need that amount and want to submit the amount against the Principle amount.
How many times does SBI allows this?
On some forums I came to know that it is allowed MAX 3 times during entire home loan tenure, is it correct?
If you have any link which points to SBI official site to clarification on this would help better.
I tried to look for it on SBI site but could not get satisfactory answer, hope you can help.