For MIS joint accounts,
If the first holder is deceased then
1.Invoke HCCA menu
2.Function - Modify
3.Enter A/C ID
4.Click on GO(F4)
5.Delete 1st person's CIF ID and Enter 2nd person's CIF ID.
6.Select Modify A/C Name if necessary.
7.Enter Appropriate Reason Code - D
8.Click on SUBMIT(F10)
9.Verify the Transaction in the same menu in supervisor login.
10.Invoke CMISAM menu
11.Function - Modify
12.Click on GO(F4)
13.Change the mode of operation to Self(012)
14.Delete Related party 2 Details as both Realated party 1 and Related party 2 details will be same after the CIF merge operation.
15.Click on SUBMIT(F10)
16.Verify the same in the same menu in supervisor login.
If the second holder is deceased then
1.Invoke CMISAM menu
2.Function - Modify
3.Click on GO(F4)
4.Change the mode of operation to Self(012)
5.Delete Related party 2 Details as the second holder is deceased.
6.Click on SUBMIT(F10)
7.Verify the same in the same menu in supervisor login.
After doing any one of the above two procedures, do the following
Closure procedure:
1.Invoke HCAACTD menu
2.Function - Close
3.Enter MIS A/C ID
4.Enter Value Date of Death date
4.Delete the amount shown and Enter the withdrawal amt(Principal) - Amount to be deducted (if exceeding 4.5lakhs)
Ex: If the principal amount is 5lakhs then it is exceeding the individual holding limit by 50000. So, withdraw the excess amount i.e., 50000 from the principal amount. In this case, in step 4, enter the withdrawal amt(Principal) as 50000.
5.Click on GO(F4)
6.View Account information Tab
7.View Closure Details Details
8.Select Close mode as Repayment account only/SB Account
9.Repayment account ID is automatically SOLID+0340 account only.
10.For SB A/C Transfer, Select SB Account and Enter SB A/C ID, Enter Cash CCY Code as INR.
11.View Closure Exceptions
12.Select Appropriate Closure Reason Code - DTCLM
13.Click on SUBMIT(F10)
14.Verify the transaction in supervisor login using HCAACVTD menu
Note: Recover the excess paid interest if any system will automatic calculate and recover If Value Date of closer enter Death of the date.
No comments:
Post a Comment