Can i transfer Surplus saving money from my SBI NRO/NRE account to SBI MaxGain OD account?

Hi Anil,
I am having NRO, NRE and MaxGain OD account with SBI, My question is

  1. Can i transfer Surplus saving money from my SBI NRO/NRE account to SBI MaxGain OD account?
  2. My Home loan EMI is not started yet, The EMI which i pay will go to the OD account and on top of that can i park surplus savings into MaxGain OD account to save more in terms of interest.
  3. can i increase the term of my home loan at any given point of time? If yes then how?

Hi Sudhir,

  1. Yes, you can transfer money from NRO/NRE to Maxgain OD account.
  2. Yes, you can park surplus money in Maxgain to save on interest.
  3. The increase in tenure is not a simple matter. You will have to talk to bank once again and they will re-evaluate your loan again to make a decision.