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Procedure for Surrender of "Lapsed" Policies of PLI / RPLI

on November 29, 2017

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Procedure for Surrender of "Lapsed" Policies of PLI / RPLI

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Application form / Request letter for revival of silent SB Account [Post Office]

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In Finacle, Interest for TDA accounts (MIS/SCSS/TD) is not credited to the MIS / SCSS / TD Accounts. As a batch process, interest due is automatically calculated and paid to the SB account of the customer in the case of accounts with linked SB account for interest credit. For accounts without linked SB account, the interest is parked into the Sundry Account of the respective scheme Sundry Accounts : MIS Sundry Account : SOL ID + 0337 SCSS Sundry Account : SOL ID + 0338 TD Sundry Account : SOL ID + 0335 Unpaid interest for each account is available in schemewise Sundry Accounts. HTM is the menu option used for withdrawal of MIS/SCSS/TD interest. MIS/SCSS/TD Interest can be paid either through cash, transfer to SB Account or Post Office cheque MIS Interest Withdrawal (Payment through Cash) : · Invoke Menu option HTM 1. ...

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Procedure for Surrender of "Lapsed" Policies of PLI / RPLI

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