POFINACLEGUIDE
RD
RD Closure error - Withdrawal amount exceeds the difference between the principal and lien amount in DOP Finacle
RD Closure error - Withdrawal amount exceeds the difference between the principal and lien amount in DOP Finacle
- When an RD account is closed we get the error sometimes as " Withdrawal amount exceeds the difference between the principal and lien amount "
- The screen shot of the above error is attached below
Root Cause of the problem:-
- The above problem arises when RD loan principal amount is fully paid before migration i..e., If the loan account is opened before migration ( in Sanchay Post) and the loan amount is fully paid in sanchay post.
- In this case Loan account number will not be generated during migration but for loan interest LIEN will be marked for the corresponding RD account.
Solution for the above problem
- Before closing the RD account LIEN should be removed by invoking the menu HALM.
- Invoke the menu HALM and select the function as modify, enter the account number and modify the LIEN amount to 0(zero) submit the transaction.
- Charge the amount in RD loan interest in the cash account.
- Verify the same in the supervisor using the menu HALM.
- Charge the LIEN amount as RD loan interest in the SB cash.
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9 comments
i want to know that when somebody have taken a loan on RD a/c & want the account to be closed ( premature ) then which commands are used to close the RD account.
CRDCAAC
good everyone i want complete solution for Rd account closure on maturity when loan has been taken.can anyone please help me in this regard step by step my email i.d is mohityadav06@gmail.com
Solution is available in POST OFFICE FINACLE GUIDE UNDER RD CATEGORY
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Rd loan account closure time error currency 0 is not available kindally sir please resolve the solutiy
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