PPF LOAN A/C CLOSURE

Loan A/C Closure Includes 4 Steps

Step1: 

Repayment Of Loan
1.Invoke CPDTM menu
2.Function - ADD


3.Select Transaction Type/Sub Type - Cash Normal Receipt/Customer Transfer
4.Select Type - Loan Principle Repayment/Loan Interest Repayment
5.Click on GO(F4)
6.Enter Credit A/C ID - Loan A/C ID
7.For Customer Transfer, Enter Debit A/C ID
8.Enter Amount
9.Click on SUBMIT(F10)
10.Note down the transaction ID and verify the same in the same menu in supervisor login.

Step2:
1.Invoke CLPR menu in supervisor login
2.Function Code - Process
3.Enter The A/C ID
4.Click on GO(F4)
5.Click on SUBMIT(F10)

Step3:

1.Then, HACINT is to be invoked by CEPT team (at present). On invoking this, the interest for loan account is calculated and posted in PPF loan account.
2.The loan interest has to be paid through CPDTM menu again, if the PPF account is not a matured account.

Step4:

1.Invoke HCAAC menu in COUNTER PA Login
2.Function - Close
3.Enter A/C ID
4.Select Transaction Type - Cash/Transfer
5.Enter Amount
6.Click on GO(F4)
7.Go through A/C information and Closure tabs
8.Enter the appropriate closure reason code in Closure tab
9.Click on SUBMIT(F10)
10.Verify the closure in supervisor login using the same menu