Took a loan for your son/daughters higher education in 2009-10 from SBI? Now you can claim Interest subsidy from your loan branch if your total household income is less than Rs.4.5 lakhs per annum. This is a part of Union Government’s HR Department to lend education loans for lesser interest rate.
To claim your interest subsidy, you’ve to obtain an income certificate from Tahasildar or appropriate authority and approach your loan branch with loan documents. Note that this only applies to loan taken for children’s higher education in technical or professional courses only.
Claims that are received before 15 March 2011 will get preference in processing (faster approval of interest subsidy).