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RD
Solution for the RD closure - "E. CMSG000095 - Advance Payments exists for this account " in DOP Finacle
Solution for the RD closure - "E. CMSG000095 - Advance Payments exists for this account " in DOP Finacle
- Generally RD accounts maturity period is 5 years however if the customer wishes there is option to extend for another 5 years also in DOP. Extension of RD account in DOP Finacle can be using the menu PRDCM.
- The lock up period is 3 years i.e., we can close the RD accounts only after 3 years from date of opening in DOP.
- However before 3 years we can close for claim closures and exceptional closure only after approval from sanctioning authority.
- In some cases even after completion of 3 years also we can't close the RD account if the account is paid advance months.
- For example if account is opened on 20/04/2013 and the same account is paid upto 22/08/2016 which can inquired in DOP Finacle using the menu HPLIST then we can't close the account up to 22/08/2016 even if the customer approaches to close the account before 22/08/2016.
- As per POSB rulings premature closure allowed only after 3 years and if the account is not paid in advance period.
- When we try to close prematurely the RD account which is paid in advance then the system will throw the error -"E. CMSG000095 - Advance Payments exists for this account " in DOP Finacle.
- The error screen shot will be as shown in the below figure
- From the above screen shot it is clear system is showing the above mentioned error when the user attempted trial closure.
Root cause of the above Problem:-
- If the RD account is in advance period then the premature closure is not allowed till the completion of advance period.
- To know the details of the installments paid by the customer invoke the menu HPLIST for operating procedure CLICK HERE
Solution for the above Problem :-
- Account can be closed only after the date till
advance payments paid. Till then account cannot be closed.
- To know the details of the installments paid by the customer invoke the menu HPLIST for operating procedure CLICK HERE
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