Finacle Training Lesson 19
Previous Lesson: FinacleTraining Lesson 18
Recap:
In the previous lesson we
have learnt about how to close SB and PPF accounts. In this lesson we will see
how to discharge certificates (NSC/KVP).
Discharge of
Certificates.
All certificates
(NSC/KVP) will be discharged in the same way. There are two cases in
certificates discharge and different procedure is to be observed in each case.
The cases are
1. Premature discharge of
certificates (in case of KVP) and discharge of certificates by Cash (NSC/KVP)
2. Discharge on maturity
and closure proceeds transferred to either customer's SB account or payment by
RBI cheque.
Now let us see each case
in detail
1. Premature discharge of
certificates (in case of KVP) and discharge of certificates by Cash (NSC/KVP)
For premature discharge
of certificates and for discharge of matured certificates where payment is made
by cash the following procedure is to be followed.
For premature discharge
of certificates and for discharge of matured certificates where payment is made
by cash we have to discharge
each certificate individually.
The menu used in this
case is CSCCAAC. Invoke the menu CSCCAAC and the following screen will appear.
See the image.
As you can see in the
image, choose function code as Z-Close. Choose the product type as NSC for NSC
certificates and KVP for KVP certificates. Then enter the CIF id of the
customer.
Now click on the searcher
beside the Certificate No field.
When you click on the
searcher a new window will open showing all the details of individual
certificates relating to the CIF.
Please note that each
certificate is treated as an individual account of the customer. For example a
customer has NSC worth Rs.100,000/- , we will issue him 10 certificates of
denomination 10,000 each. In finacle these certificates of Rs.10,000/- each
will treated as an individual account of Rs.10,000 under the scheme NSC85
(scheme code of NSC 10,000 denomination of certificates). I hope you are
getting my point.
So when we click on the
searcher, system will show us the list of all the certificates relating to that
CIF id of the customer.
As I have told you in the
beginning of this lesson, for cash closures and premature closures, we have to
discharge all certificates individually. That means, if a customer has 10
certificates, we have to discharge 10 certificates, one certificate at a time.
Hope you are getting my point.
Now click on the first
certificate
After you click on the
certificate all other fields will be automatically filled as shown in the next
figure. See the image below.
After all fields are
filled up, just
click on Go button or press F4 on the keyboard.
Now you will get a screen
as shown in the below image. See the image now.
If you have noticed ,
this screen is similar to RD account closure screen. Only Encashment details
are extra in this screen.
In this screen the first
thing you have to do is to click on the Close Check box as shown in the image.
After that choose the
repayment mode as cash for cash closures and transfer for SB transfer or cheque
payment.
Enter the appropriate
closure reason code. (Try to remember the closure reason codes. For most cases
it will be NORML - normal closure, DTCLM for death claim and EXP for
exceptional closures.)
That's all click on
SUBMIT.
As in the case of other
closures we will not be able to see any maturity value on the screen in case of
closures on maturity. In case of premature closures, in the above image, in encashment details we can see total
interest on premature encashment.
Full maturity value and
post maturity interest if any will be seen only in Supervisor login, that too
after verification only.
So just be sure that the
date of opening is correct in case of certificates discharge.
Now follow the same
method and discharge all the certificates one by one in counter pa login.
After discharging is over
in counter pa login, supervisor can verify them using CNSBCV menu. All
certificates can be verified in a single step.
After verification is
over, system will generate reports containing the interest and maturity values
of the certificates.
After verification is
over, Supervisor shall invoke the menu HPR. A new screen will appear. Just
click the GO button in the new screen. A list of reports will appear below the
GO button.
In those lists open the
report which will be named as "NSC/KVP CLOSURE SUCCESS REPORT". In
this report , you will find all the interest and grand total figures.
Hope you have understood
the procedure.
Now let us move to the
second case.
2. Discharge on maturity
and closure proceeds transferred to either customer's SB account or payment by
RBI cheque.
If you want to make
payment of the certificates by transferring the maturity value to SB account of
the customer or by RBI cheque please follow the below procedure.
1. Invoke the menu CNSBCV. After invoking the menu
you will get a screen as shown below. See the image.
As you can see in the
image
1. Choose the function as
Z- Close
2. Enter CIF id and Registration
number of the certificates.
3. Choose product type as
NSC for discharge of NSC certificates and KVP for discharge of KVP
certificates.
4. If you are
transferring the closure proceeds to SB account of the customer, then enter the
SB account number of the customer in Repayment account field. If you are making
payment by giving RBI cheque then you need not enter anything in Repayment
account field.
Thats it click on SUBMIT.
These are the steps to be
followed in counter PA login.
Now we have to verify the
discharge of certificates in supervisor login.
In the supervisor login
enter the menu CNSBCV. Same screen as shown in the above image will appear. Now
choose function as verify, enter registration number and CIF id. Also
choose product type.
That's it. Click on
SUBMIT.
Please not that maturity
values will not appear on screen in counter pa login and as well as supervisor
login.
After verification of
certificates in supervisor login, a report will be generated. Use the menu HPR
to view the reports. Find a report named as "NSC/KVP closure success
report". Open this report and you will find all the details of
certificates along with principle and interest values.
So this is how
we discharge certificates in finacle.
Hope you have understood
what I am trying to say. If you have any doubts please comment below and I will
try to clarify your doubts.
As always, Like us on
Facebook, follow us on Google plus and download our android app.
In the next lesson we
will learn about how to open a new account in finacle. See you in the next
lesson.
