Bulk Certificate Discharge of NSC/KVP in DOP Finacle

Step by Step procedure for Bulk Discharge of NSC/KVP

This bulk discharge can be used only for MATURED NSC/KVP certificates. Maximum of 50 certificates will be closed at a single time. If a registration number contains more than 50 certificates, first 50 certificates will be closed and the balance to be closed by invoking the menu 2nd time. 

• Registration number and CIF ID are mandatory for bulk discharge.
• Discharged/ Closed Amount can be transferred to Repayment Account of Customer/Postmaster. 

This option cannot be used for Premature closures and Claim closures

DOP Finacle Menu : CNSBCV

Description :NSC/KVP Bulk Closure And Verification (Maximum 50 Accounts can be closed in one attempt) 

Bulk Discharge Procedure  in Operator

1. Invoke the menu CNSBCV through Operator.

• Select the function CLOSE
• Enter the registration number
• Enter the CIF ID
• The Closure reason code – NORML (Normal) will be auto populated
• Closure value date will be auto populated
• Repayment account to be entered. 

2. Repayment account can be POSB account of the customer. In case if the customer is not having SB account, by default the maturity proceeds will be transferred to Postmaster Cheque account (0340). If the repayment account

• Product type to be selected either NSC or KVP
• Click on SUBMIT 

3. Result window will generate the result of the above menu has been invoked by you.

View Report of the Bulk Discharge of the Certificate

1. Invoke HPR

NSC Bulk Account Closure success report will be available in HPR

Verification of Bulk discharge in Supervisor

The details of maturity proceeds will not be available in Operator stage. Only ‘closed successfully’ message will be thrown.

Verification of Bulk Discharged Certificates

1. Invoke the menu CNSBCV in SUPERVISOR
2. Enter the CIF ID first
3. Enter the registration number
4. Closure value date, Product type, closure reason, repayment account if any will be auto
5. populated for verification
6. Click on Submit