Extension of SCSS/RD/PPF Accounts in DOP Finacle

HTDREN : Stands for Term Deposit Renewal

1. SCSS account can be extended after completion of 5 years
2. SCSS account can be extended after completion of 5 years and the customer can come for extension within 1 year after completion of 5 years
3. SCSS accounts extended after maturity will have the interest i.e., the present rate of interest for SCSS account as per the DOP norms provided by the Ministry of Finance.
4. The extension of SCSS accounts can be done by using the menu HTDREN by using the following procedure as mentioned below

   Invoke the menu HTDREN select the function as "Renewal" and enter the account number as shown above.

• Then click on GO then the system will show the next screen as shown and enter the following details

Enter the effective open date as "maturity date"
Enter the renewal option as "Principal only"
Select the calculate overdue interest as "NO"

•  Select the Print renewal option as "Immediate/Later" as shown in the  below snap.
• Then click on submit then the system will show the message account renewal successful.

 

If you have selected Print Renewal option as Immediate in above screen then a report at the back end will be generated by the system.To view the report invoke the menu HPR and select the report from the list of reports and print the report to give acknowledgement to the customer for extension of SCSS account.