Step by Step procedure for Bulk Discharge of NSC/KVP in DOP Finacle

Step by Step procedure for Bulk Discharge of NSC/KVP

This bulk discharge can be used only for MATURED NSC/KVP certificates. Maximum of 50 certificates will be closed at a single time. If a registration number contains more than 50 certificates, first 50 certificates will be closed and the balance to be closed by invoking the menu 2nd time.

Registration number and CIF ID are mandatory for bulk discharge.

This option cannot be used for Premature closures and Claim closures

CNSBCV

a.      Invoke the menu CNSBCV thru OPERATOR

b.      Select the function CLOSE

c.       Enter the registration number

d.      Enter the CIF ID

e.      The Closure reason code – NORML (Normal) will be auto populated

f.        Closure value date will be auto populated

g.      Repayment account to be entered. Repayment account can be POSB account of the customer. In case if the customer is not having SB account, by default the maturity proceeds will be transferred to Postmaster Cheque account (0340). If the repayment account

h.     Product type to be selected either NSC or KVP

i.        Click on SUBMIT

then verify in supervisors in same menu