SSA Claim Procedure in Finacle or CBS

 SSA Claim Procedure in Finacle:

Short Note:

Mark & verify the depositor CIF as Decease

Change Interest rate in Interest Table using HINTT

Interest Code SBINT after date of deat

Close Account using HCAAC with Reason Code as DTCL

Detailed Procedur

In CMRC, for respective CIF, mark Depositor as 'DECEASED' and update Date of Death. CIF will be Suspended. Next Verify it in CMRC

For SSA A/c, from date of death till date of closure, SB rate of interest is allowed and hence Int Table Code: SBINT is to be added through HINTTM menu for such SSA A/c from date subsequent to date of death using Modify Option (Supervisor) and then it must be Verified (Supervisor

(This entry in HINTTM menu should be in addition to Interest Table Code of SSA scheme, which where Start Date will be A/c opening date and End Date should be marked as Date of Death

After making changes in HINTTM, SSA A/c is to be closed in HCAAC menu with Reason Code: DTCLM