Category: FINACLE

Instructions regarding SCSS Interest in Finacle

Dear Sir/Madam,

I am directed by competent authority to convey the following

This is regarding SCSS Interest which was expected to get generated on 30/03/2019 as 31/03/2019 being Sunday. As 31/03/2019 has been marked as working day due to EOY, SCSS Interest batch jobs will get executed only during EOD of 30/03/2019.

SCSS Interest will be available in 31/03/2019 LOT and Consolidation which can be generated post completion of EOY on 01/04/2019 . PO users will get disabled today (30/03/3019 ) post completion of HISCOD . Hence POs can generate SCSS LOT and Consolidation once EOY operations are completed on 01/04/2019 (post receipt of confirmation from CEPT team) and account SCSS Interest and TDS in the month of March 2019 itself. In case if users are not enabled on 01/04/2019 due to any reasons, this report can be generated on 02/04/2019 also.

Directorate Instructions on payment of Interest is given below for reference.

Please revert in case of any clarifications on the above.

(Please avoid REPLY ALL option in case of any queries)


Thanks and Regards
Gopinath S
Inspector Posts
Data Migration Command Centre(CBS)
Chennai 600 002

from Blogger http://www.systempost.in/2019/04/instructions-regarding-scss-interest-in.html

EOY Instruction 2018-2019 and unverify accounts

You are all aware that we are nearing the end of the financial year when interest calculation and posting are due for SB Product accounts.

1. CBS Post Offices should ensure that no unverified account or modification in accounts of SB/PPF/SSA/NSS-87/NSS-92 remains unverified as interest is not calculated for any account if any modification is unverified. Concerned staff should be alerted so that such lapses may be avoided , Respective menu to be used for verification or cancellation 

Unverified SBA product accounts division wise list attached , 

Following are the GL Heads 
SB – 30001
PPF – 33001
NSS87 -30021
NSS92 -30022
SSA – 30042

2.   If the deposit accepted in a PPF account in the initial financial year is less than Rs.500-, then the account is treated as Invalid , Hence i request make deposit RS 500 /- and alert customer

from Blogger http://www.systempost.in/2019/03/eoy-instruction-2018-2019-and-unverify.html