India Post Finacle Guide for PPF A/C Closure

India Post Finacle Guide for PPF Account Closure

Step By Step Procedure in Detail - India Post Finacle Guide

1.Invoke HCAAC menu

2.Function - Close

3.Enter the A/C number

4.Select the transaction type as Cash/Transfer

5.Click on GO(F4)

6.Go through A/C information and Closure tabs

7.Enter the appropriate closure reason code in Closure tab

8.Click on SUBMIT(F10)

9.Verify the closure in supervisor login using the same menu

Note 1: Loans against PPF account closure

Calculation of interest upto closure date and deduction of the interest amount

Invoke CPDTM menu to make Principal repayments

1.Select the tran type/sub type as  P - Loan Principal Repayment

Enter the amount of loan principal to be repaid and click on submit and verify the same if the amount is above Rs.5,000/-.

2.Invoke the menu CLPR for calculation of interest

3.Invoke HACINT menu to calculate loan interest (CEPT IT Team to be contacted for this)

4.Invoke the menu CPDTM to make Interest repayments

    a) Select the tran type/sub type

    b)) Select the type as I - Loan Interest Repayment

5.Invoke the menu HCAAC to close the loan account

Note 2: PPF Claim Closure must be initiated in One Supervisor login and has to be verified in another supervisor login. So, PPF Claim Closure requires two supervisor logins.

India Post Finacle guide for Inventory Movement from HO to SO Click Here

India Post Finacle guide for Minor to Major Conversion Click Here

For India Post Finacle guide frequently used menus list Click Here

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