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SBI home Loan - Repayment through ECS causing issues

This is a discussion on SBI home Loan - Repayment through ECS causing issues within the Home Loan forums, part of the Loan category; hi, I have taken a home loan from SBI and the mode of repayment is through ECS.The date of clearing ...

  1. #1
    TAS123 is offline Junior Member
    Join Date
    Jun 2010
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    Default SBI home Loan - Repayment through ECS causing issues

    hi,

    I have taken a home loan from SBI and the mode of repayment is through ECS.The date of clearing the sum is given as 7th of each month. But in my first payment money got deducted from my salary account (HSBC-Kolkata) on 10th of the month and til today it did not got credited to my loan account (SBI-Kolkata),( 16th of the month).There was only a day off (SUNDAY) in between and a half day (Saturday).Called HSBC and they confirmed a successful transaction.Called SBI,they told money is with RBI !

    My question is normally how much time it takes to show the payment ? As my loan is on daily reducing balance,delay in processing makes a diifference for me.Can you please guide me what shall I do.

    Thanks,
    T.Bhattacharya

  2. #2
    Unregistered Guest

    Default home loan repayment

    In which bank i can repay the whole amount after some time in a single payment with no interest on the paying amount...is that possible help me...

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