NSS 87 Closure Procedure in DOP Finacle

• NSS 87 account is discontinued scheme in DOP
• As it is discontinued scheme then the system automatically during migration all the NSS 87 accounts will be credit freeze so we have to unfreeze first.The detailed procedure is as follows:-

1.  HAFSM:-By using this menu one can freeze/unfreeze the account by giving the following details.Select the function "Unfreeze" give the account number then click on "GO" 

Then the system will show the credit freeze details as shown

Then click on Submit to unfreeze the account and verify in the supervisor

2.In the second step if the customer want to deduct TDS then to collect the charges invoke the menu HCACC else if he submits the tax form then go to CASBAM and give the tax form as 15G/15H.

• If the customer want to deduct the tax then invoke HCACC then select the function "collect" give account number as shown

then click on "GO" then the system calculates 20% tax from the principle amount as shown

Then click on submit and verify it.

• If the customer submit tax form 15G/15H then go to account modification menu invoke CASBAM then select function "modify" and give account number click on "GO"

Then in the next screen select the tax form as shown

Then submit and verify the same in the supervisor role.

3.In the third step we have to make the amount containing in the ledger to "ZERO" by invoking HTM\HXFER select fucntion "ADD" and transaction type "customer induced"  as shown 

Then click on "GO" then give the debit account id and amount as shown below 

As we have selected customer induced then click on add as shown

Then give the credit account details as postmaster account or customer SB account and the same amount what we gave in record1 as shown 

Then click on post and verify the same.

4.In the fourth we have to close the NSS 87 account by using the menu HCAAC select function "CLOSE" , give account number  and select transaction type as cash or transfer depending on the amount  as shown

Then click on "GO" then in the next screen give reason code and submit 

Once it is verified invoke the ledger to view the current year interest give account number delete the from date as shown

then click on GO it shows the current year interest as shown

Then pay the customer principle+CYI as shown above