No.It is not possible. Bank has to debit your current account and credit the same to your loan account. Please check up. also give us full details to have more clarity.|||No - although the transfer may seem 'instant', it's not ...
FIRST they Debit the current account - this step could fail, if for example, you have insufficient funds.
(Next, if the money is going outside the bank, they hang onto it for a few days ...)
Finally, they Credit the Savings account.
If money appears in your savings w/o a debit on your current, then they have made a mistake and the money has come from some other poor suckers account .. don't worry, when they find out they will reverse the transaction..|||No, because then they would be giving you free money, which banks don't do.
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