Is it a pre-requisite to have a savings bank account in the city where the loan is availed?

I have one question: AT the time of opening the SBI maxgain account, it is a pre – requisite to have a savings bank account in the city where the loan is availed. Once the loan is sanctioned, should the savings bank account be maintained till the duration of the loan sanction i.e. 20 years or can it be closed?

My concern here is this, I would have mutiple savings bank accounts in SBI at various locations, and am wondering what is the need.

There is no requirement to keep the savings account open, if yu don’t want it.
Just get your loan approved and close it. They can’t deny it.