RD A/C CLOSURE

1.Invoke CRDCAAC menu
2.Function - Close
3.Enter A/C ID
4.View the signature using F9
5.Click on GO(F4)
6.Select the box nearer to Close
7.Enter appropriate closure reason code
8.Select Repayment Mode as Cash/Transfer
9.Enter the Repayment A/C id for transfer
10.Click on SUBMIT(F10)
11.Verify the closure in supervisor login using CRDCAACV menu
12.Invoke HCASHPND menu for cash transactions
13.Click on the appropriate transaction id and post it.
14.It will reflect in the teller cash.

Note1: While closing the RD accounts for which SI entry exists to SB account then the system will throw the error 'Closure pending on SI'
Solution: In Counter PA - Invoke the menu HSSIM, select the function as "Delete" and click the searcher beside the instruction number, enter the RD account number and then click on Submit then the system will give the instruction number click on Instruction number and then Submit.
In supervisor - Verify the instruction number using the menu HSSIM and submit.
Then proceed for RD Closure this will work smoothly.

Note2: For A/Cs having loan, RD account closure must be done after the closure of loan account.

Note3: After submitting the closure at user end, Final value and interest value will be shown.
For principal value, we must subtract the interest value from final value.
Again don't add the interest value to the final maturity value.
We must add the refund of default obtained(in case of premature closure) to the final maturity value.