For Extension of RD matured accounts

For Extension of RD matured accounts

Dear Team,

Without paying all 60 installments, RD accounts cannot be extended. For accounts with default, the SOL has to use PMDDRD to defer the maturity date; no. of deferments allowed is based on number of defaults.

For accounts having only one default, the account can be deferred 4 times if defaulted installment is not paid. After that period, the account cannot be deferred and it has to be closed.

Please send these instructions to SOLs asking for extension of matured RD accounts having less than 60 paid installments.

Thanks & regards,

CEPT - CBS Team