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Showing posts with label Extension. Show all posts

July 15, 2015 , ,
Extension of PPF Account in DOP Finacle
  • PPF can be extended once the account completes the 15 financial years from the date of opening.
  • PPF account can be extended for 5 years after completion of 15 financial years.
  • PPF account cane be extended even after extension period i.e., we can extend for every 5 years after the maturity date there is no limit for extension of PPF account.
  • Rate of interest will be based on the rate at which the Department of Finance fixes for the financial year it may vary for every financial year.
  • HCEXTN command is used for any PPF account to be extended.

Procudure
  • Menu Shortcut - HCEXTN 
  • GO 
  • Function Code - Extend 
  • Account No. - 
  • GO 
  • Verify from supervisor in same command

January 08, 2015 ,
TD account is having option at the time of opening account as "auto exend". Whenever we select no at the opening of time and later customer wants to extend further then the command HTDREN is used for Extension. HTDREN stands for Tern Deposit Renewal. The A/C can be extended after completion of 1/2/3/5 year and within 1 year completion of 1/2/3/5 year. The following step are taken for extension.
  • Menu Shortcut - HTDREN > GO
  • The following screen will appear.

  • Function - R-Renewal
  • A/C ID - TD A/C
  • GO
  • The following Screen appears



  • Effective Open Date - Maturity Date
  • Renewal Option - P- Principal Only
  • Calculate Overdue Int - No
  • Print Renewal Confirmation - Immediate/Later
  • Click Submit Button
  • The Result Screen shows the account renewal successfully.
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