Education and Career Forum

Hello friends, I got job in TCS after completing my BTech from Odisha. I got placed in TCS and there I have got a salary account through TCS. But, I have applied for Education Loan through my old student account of Punjab National Bank in my hometown. So, at the time of repayment I have to deposit money to my student account or they directly debit the amount from my salary account?

You need to contact the bank to know about the payment process. Normally, the EMI should be paid from the account linked to the education loan. Banks usually deduct the due amount from the same account on the due date.

Hence, it would be better to deposit the money in the same account if the EMI payment is automated from that account. If not, then you should ask the bank about the EMI payment process.