RD LOAN A/C OPENING AND DISBURSEMENT

LOAN ACCOUNT OPENING

1.Invoke CAOLARD menu to create the loan a/c for a particular RD account
2.Function - Open
3.Enter CIF ID
4.Enter RD account number
5.Enter the scheme code as LARD
6.Click on GO(F4)
7.Enter the loan amount specified by the customer which must be less than or equal to the loan amount given by the system
8.Click on SUBMIT(F10)
9.Note down the LOAN account number which is nothing but RD account number followed by 1.
10.Verify the loan account in the supervisor login using CAOVLARD menu

LOAN AMOUNT DISBURSEMENT

1.Invoke LARDD menu
2.Function - Disbursement
3.Enter the LOAN account number
4.Change the Value Date as Today's Date.
5.Loan amount and Disbursement amount will appear automatically
6.Disbursement amount is same as LOAN amount
7.Enter of Mode of disbursement as Cash/Account transfer
8.For account transfer, Enter the credit a/c number
9.Click on SUBMIT(F10)
10.Verify the transaction in supervisor login using the menu LARDD

Note: At present, Cash option is not working for loan disbursement.So, ask the customer to present the SB account number and credit the loan amount in the customer's SB account.