Descripción de las Pruebas

Dr/Cr Account Description Type of

Transaction Intra

Branch transaction

Credit Customer‟s PPF Account User Initiated Transaction Debit Cash Account/ Customer‟s another

Deposit Ac/ DD-BC BGL Ac Inter-

Branch Transaction

Debit PPF Mirror Account

(BGL 98788 suffixed with Branch code & Check Digit)

System Initiated Transaction Credit Government Account at GAD

(CA-Head -7-19-99-03)

Note: Branch has to ensure that the Finance one GLCC account 2060500601 should be always ZERO for that Branch. If it is not so, then the system generated transactions pertains to GAD may not taken place. This should be scrutinsed and necessary rectification should be taken, by taking suitable guidance from CDC, thru service desk officials.

20.02.06. Regularisation of Irregular PPF Account:

In Irregular PPF Accounts, the system will not allow deposits for the Current Year, unless the irregularities (non-deposits) for the earlier years are regularised. In such cases, the Deposit Amount required to regularise the account would be: ‘No of years of irregularity’ x ‘Min amount of Deposit’ + Current Year’s min. Deposit’. For example, if cash is deposited into an irregular PPF Account through \\SCR: 001010 „Deposits: Cash Deposit‟, the system would not accept cash, but will throw up an error „2901: Amt cannot be less than the minimum period balance or account is irregular.‟

To verify the number of installments of irregularity, follow the steps details in the Section 20.02.07 (b) of this Chapter. Irregularity Count is displayed in the field „Irregularity Count‟. Close the screen after viewing.

20.02.07. Collection Of Penalty On Irregular PPF Account:

Penalty on irregular accounts should be collected, at the time of deposits made by the account-holder to regularize the account.

Penalty so collected should be credited directly to the Account Number 30007961395 - Penalty & Other Charges A/C.

20.02.08. Withdrawal From PPF Account:

Note: The Amount allowed to be withdrawn during the currency of PPF account is calculated by the system, which can be enquired through Menu: Deposit/CC/OD Account & Services  Enquiries  Short.

Menu: Transactions Posting  Deposits/CC/OD Accounts  Payments  Cash. Screen SCR:001060 Deposits: Cash Withdrawal By Voucher is displayed.

1. Account Number: Enter the PPF Account Number. 2. Amount: Enter the amount.

3. Statement Narrative: „Paid to‟ appears by default. Enter the name of the payee in the adjacent field.

4. TRANSMIT.

5. Cash Drawer: Issue and receive cash - Web Page Dialog Screen appears if the amount is within the Teller‟s capability-level.

6. If the amount to be paid is beyond the Teller‟s capability level, Queue Reference Number is generated for authorisation by the Checker. On authorization, a Queue Reference Number is again generated for the Maker. The Maker has to Accept the group „Queue‟. Cash Drawer: Issue and receive cash - Web Page Dialog Screen appears on acceptance.

7. The Maker has to enter the amount of cash to be paid denomination wise in the „Denom Out‟ column and click in any blank field to populate the value. Please ensure (Give)/Receive field is 0 and TRANSMIT.

8. Message O.K. GOVT TXN-JRNL NO 000012824 CHLN NO 00001 appears. Note down the Journal Number and Challan Number on the voucher

Note: As only one withdrawal per financial year is allowed, the system will zeroise the value in field „PPF Part Wdl Elgi amt‟ after a debit posting to the account.

20.02.09. Reversal of Wrong Credit (On Subsequent Days)

Menu: Transactions Posting  Deposits/CC/OD Accounts  PPF Reversals  Transfer to deposit or Transfer to BGL.

Screen \\ SCR:001029 PPF Reversals DEP to DEPor \\ SCR:028053PPF Reversals DEP TO BGL/Value Transfer is displayed depending upon the menu selected. Enter the relevant Account Numbers, Amount, Trace (Journal) No. and Date of Transaction.

Upon successful reversal of the wrong entry, the „Amount deposited during the year‟ field is reduced correspondingly and the entry is reported in the PPF string as „Reversal Debit Entry‟.

20.02.10. Loan against PPF Account: Important Points to be Noted

1. A PPF account holder is eligible for PPF loan after completion of 3 financial years and before completion of 6 financial years. After 6 completed financial years of PPF account, the customer is eligible for partial withdrawal.

2. PPF loan amount can be sanctioned within maximum eligible loan amount, as displayed in the field „Max Loan amt. against PPF‟ in the Short Enquiry. Once limit is sanctioned, the „Max Loan amt. against PPF‟ amount shown in Short Enquiry will be set to zero by the system automatically, even if the limit sanctioned is less than the maximum eligible loan amount.

3. If a customer has availed a lesser limit than the maximum loan eligibility amount, and at a later stage he desires to avail the balance amount, the limit can be enhanced to higher limit within the maximum eligible loan amount. So it is advised to note the maximum eligible amount. Take a screen shot of Short enquiry of PPF Account and file along with the loan document.

4. Loan Account against PPF Deposits is opened OD Account only.

5. Interest is applied only when the account is closed. Following Accounting Entries are passed by the system:

a. Dr. PPF Loan Account, Cr. Govt. PPF Interest Account. b. Dr. Govt. PPF Account, Cr. Govt. PPF BGL Account 6. One time SWEEP has to be created for the above entries.

7. After expiry of Loan term, the Loan Account should be closed by PPF withdrawal.

8. PPF Loan Account can be opened during the permissible period only. A. Open Loan Overdraft Account

Menu: Deposits CC/OD Accounts & Services  Create  New CC/OD Account. Screen \\SCR:002013pmt CIF: Create Account Prompt is displayed

1. Existing CIF/Account No: Enter the CIF or PPF Deposit Account Number of the Customer.

2. TRANSMIT. Screen 002013 Create CCOD Account is displayed.

3. Acct Sgmt Code: Select „5006: PER:OTHERS (NOT INCLUDED (IN PER) ABOVE). 4. Account Type: Select „9050‟.

5. Sub Category: Select „1001:Personal Loans‟. 6. TRANSMIT.

Queue Reference Number is generated for authorization by the Checker. On authorization, the PPF Loan Account Number is generated by the system. Note down the Account Number.