PPF TRANSFER OUT PROCEDURE TO BANK



PPF TRANSFER OUT PROCEDURE TO A BANK

Zeroing of interest for the financial year in case of Transfer-out to Bank
HINTTM
·          Function – M – Modify (Postmaster)
·          A/c ID – PPF A/c ID
·          Click on Go
·          Interest Table Code – Delete present value and select ZERO from the searcher
·          From Date – 01-04-YYYY
·          Click on Submit to verify
·          Supervisor to Verify – Menu Shortcut – HINTTM; Function – V – Verify
Closure of PPF A/c
HCAAC / CLOSE
·          Function – Z – Close
·          A/c ID – PPF A/c ID
·          Balance – Check Transfer Box if Balance is there / Uncheck Transfer Box if Balance is zero
·          Transaction Type – Select Cash or Transfer if Balance Transfer Box is checked
·          Transfer A/c ID – SB A/c or Post Master Cheque A/c if Transfer selected in Transaction Type
·          Click on Go
·          Click on Closure Tab
·          Note the Tran ID
·          Select Reason Code from the searcher
·          Click on Submit to Verify
·          Supervisor to Verify – Menu Shortcut – HCAAC/CLOSE; Function – V – Verify


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