There is no Trial Closure for SB and PPF. However, to see closing interest, following process is to be followed:-
It involves two components-Closing accrued Interest for completed months and balance outstanding in the account.
To know the closing accrued interest till date (for completed months) the user has to execute HACACCR menu and see the Report either in HPR or through HAITINQ menu.
HACACCR menu execution
Enter the A/c Id, wait for the name of depositor to appear. Compare name of depositor to ensure that correct account number is entered. Keep the field ‘From Date’ as blank and Enter BOD date in the field ‘ To date’ and submit as shown in the screen shot below:
This will generate a report HPR .
The closing accrued interest will be arrived after rounding off the amount shown in HPR to next rupee.
The total amount to be paid to depositor will be arrived at by adding the balance in the account shown in HACLI/HACCBAL Menu option and the closing accrued interest.
This amount is to be shown to depositor who wants to close the account. If he agrees, actual closure has to be done.
In case SB7A is received from BO for closing sanction of a Savings Account, this amount is to be entered in SB7A by Supervisor with the remarks on the top that “This sanction is valid up to last working day of the current month” Sending the closing sanction to BO should be avoided in the last week of the month.
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