PPF
Closure (without loan)
1.
Counter PA has to invoke HCAAC menu
for closure.
2.
Interest for current financial year will
be calculated and posted in the PPF account.
3.
System generated transaction ID will
be created.
4.
Supervisor has to verify the account
closure using HCAAC menu.
5.
In some cases, when the supervisor
tries to verify the account closure, if the Tran ID (generated in step 3) is in
Entered state, then the error message ‘Pending verification exists for the
account’ will be displayed.
6. Tran
ID if not noted down in step 3, it has to be obtained from HFTI menu by
selecting the transaction status ‘Entered’
(Tran ID generated against the PFF account number will be shown).
7. In
Counter PA login, in HTM – Modify option, this Tran ID is to be posted.
8. In
Supervisor login, in HTM, this Tran ID is to be verified.
9. After
verification of the transaction, in HCAAC menu, the closure has to be verified.
PPF
Closure (with loan)
1.
Counter PA has to invoke loan
repayment using CPDTM menu.
2.
Supervisor has to verify the
transaction in CPDTM menu.
3.
CLPR menu (PROCESS) has to be
invoked by Supervisor for processing loan account.
4.
Then, HACINT is to be invoked by
CEPT team (at present). On invoking this, the interest for loan account is
calculated and posted in PPF loan account.
5.
The loan interest has to be paid
through CPDTM menu again, if the PPF account is not a matured account.
6.
The loan interest has to be
recovered through CPWTM menu, if the PPF account is a matured account.
7.
Closure of loan account has to be
invoked using HCAAC by counter PA.
8.
Closure has to be verified by
Supervisor using HCAAC menu.
9.
For closing PPF account, the
procedure for closure of PPF account without loan has to be followed.
