Instructions on Marking of PPF Loan Account for Execution of Loan Interest Batch

Dear Sir/Madam,

I am directed to convey the following

This is regarding marking of PPF loan accounts as failed during EOY loan interest recovery batch due to difference in SOL/CIF.

a) PPF account and PPF Loan account in different CIFs and

b) PPF account and PPF Loan account in different SOLs

Solution for above 2 issues. POs are requested to

1. Merge PPF Loan accounts with PPF account CIF for scenario (a)

2. Transfer PPF loan to SOL where PPF account stands if balance is not 0.

It is also seen that some PPF Loan accounts are having zero as balance amount and hence may be closed after checking whether interest recovery has happened correctly. Interest to be collected if not recovered.

EOY loan interest recovery batch will mark these loan accounts as failed due to the difference in SOL/CIF. The  list may be circulated to the concerned SOLs for immediate necessary action.

Please treat this as urgent.
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