PPF TRANSFER OUT PROCEDURE TO BANK

PPF TRANSFER OUT PROCEDURE TO BANK

PPF TRANSFER OUT PROCEDURE TO A BANK

Zeroing of interest for the financial year in case of Transfer-out to Bank	HINTTM	·          Function – M – Modify (Postmaster) ·          A/c ID – PPF A/c ID ·          Click on Go ·          Interest Table Code – Delete present value and select ZERO from the searcher ·          From Date – 01-04-YYYY ·          Click on Submit to verify ·          Supervisor to Verify – Menu Shortcut – HINTTM; Function – V – Verify
Closure of PPF A/c	HCAAC / CLOSE	·          Function – Z – Close ·          A/c ID – PPF A/c ID ·          Balance – Check Transfer Box if Balance is there / Uncheck Transfer Box if Balance is zero ·          Transaction Type – Select Cash or Transfer if Balance Transfer Box is checked ·          Transfer A/c ID – SB A/c or Post Master Cheque A/c if Transfer selected in Transaction Type ·          Click on Go ·          Click on Closure Tab ·          Note the Tran ID ·          Select Reason Code from the searcher ·          Click on Submit to Verify ·          Supervisor to Verify – Menu Shortcut – HCAAC/CLOSE; Function – V – Verify