Process of Closing a PPF Loan account in DOP Finacle
The following are the steps to be followed to close a PPF Loan Account in Finacle :
i) Invoke CPDTM menu to make Principal repayments
a) Select the Tran Type as P - Loan Principal Repayment
a) Select the Tran Type as P - Loan Principal Repayment
b) Enter
the amount of loan principal to be repaid and click on submit
c) Verify the same if the amount is above Rs.5,000/-.
c) Verify the same if the amount is above Rs.5,000/-.
ii) Invoke the menu CLPR for
calculation of interest upto closure date
iii) Invoke HACINT menu to calculate
loan interest (CEPT IT Team to be contacted for this)
iv) Invoke the menu CPDTM to make
Interest repayments
a) Select the Type as I - Loan Interest Repayment
v) Invoke the menu HCAAC to close the loan account