Process of NSC/KVP Bulk Closure in DOP Finacle

This process should be adopted only if customer applies to discharge all certificates issued under one registration number on the same day. With this process all certificates under one registration number can be discharged but certificates will be discharged 50 at a time and payment can be made by Postmaster Cheque only or maturiry proceeds can be transferred to Savings Bank account of the customer.if available . When this menu is invoked, if certificates are less than 50, all the certificates will be discharged. If certificates are more than 50, this process has to be repeated again with same Registration number and CIF number. It will continue to select next 50 certificates till all certificates under that registration number are discharged.

Closure by Counter PA :- 

Step 1-Enter CNSBCV menu and select Z-Close.

Step 2- Enter Registration number and CIF ID.

Step 3 – Enter the repayment account if maturity proceeds need to be transferred to PO Savings Bank of the cusomter. If POSB account not available, leave this repayment account id as blank.

Step 4- Click on Submit..

Step 5- Go to HPR and see NSC Bulk Closure Success or failure Report after 10 minutes.

Verification by Supervisor :-

Step 1- Enter CNSBCV and select V-Verify.

Step 2-: Enter registration number and CIF ID. Repayment Account will get auto populated. It will be Postmaster repayment account from which Cheque is to be issued i.e 0340 if POSB account is not entered.

Step 3 : Click on  Submit.

Step 4 :- Go to HPR after 10 minutes and Check Success/Failure Report.

Step 5 – Details of maturity proceeds will be available in the success/failure report.

If Supervisor wants to Cancel the Operation due to any reason, X-cancel option should be selected before verification. After verification, there is no option to cancel the same.