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how payment is credited to ur ac when u r defaul in payment

Querist : Anonymous (Querist) 24 April 2010 This query is : Resolved 
hi

i would like to know how a payment made towards mainteance and interest credit to principal amount or interest amount.

ie is amount of interest is cleared or principal is cleared can u give under which sec. or rule this is covered.

thank you

raja shah
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Querist : Anonymous (Querist) 24 April 2010
1956
aman kumar (Expert) 30 April 2010
what is the Q ???

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