Tomorrow is 31/12/2009 – due date for executing SI for crediting the quarterly interest for SCS accounts to the respective SB accounts.
In respect of SCS accounts which were extended after maturity, the standing instructions will not be executed and hence the interest will not get posted in the SB accounts.
After tomorrow’s day-begin and the execution of SI, the list of SCS accounts for which SI has not be executed can be printed from DBAnalyzer using ‘Database Discrepancies >> SCS >> Account numbers with SI without previous quarter interest withdrawal’. This list can be used for cross-verification.
For the present quarter, withdraw interest from such SCS accounts individually using the ‘Withdraw Interest’ Form in Online Module and select ‘Transfer to SB Account’ in the payment options and enter the
SB account number.
To alter the withdrawal type from ‘SI’ to cash use DB Analyzer >> Database Discrepancies >> SCS >> Select ‘updation of withdrawal type for matured accounts’ >> Enter account number and update withdrawal type.This issue is also listed under SCS FAQ in the SBLAN web page.