LINKING OF NEW SB ACCOUNT IN LIEU OF CLOSED SB ACCOUNT IN FINACLE

LINKING OF NEW SB ACCOUNT IN LIEU OF CLOSED SB ACCOUNT IN FINACLE FOR DEDUCTION OF APY POLICIES - REG

To

All PMs/ SPMs  – for information and necessary action

As intimated by CPC,CBS Tamilnadu circle, Chennai, Patch for following functionalities with respect to APY is deployed in Production.

• Linking of new SB account in lieu of closed SB account for active APY policies
• • New SB account under the same CIF with which APY policy was enrolled initially, is to be opened.
  • CAPY >> Modify option is to be selected.
  • Instead of closed SB account, new SB account number is to be entered in Account ID field.
  • CIF ID will get populated for single accounts; for joint accounts, CIF ID is to be entered.
  • On clicking GO, details screen will be displayed. User can check the details and click on SUBMIT; modification will get initiated.
  • Another user has to verify this modification by entering new account number / CIF ID.
  • On verification, new account will get linked with APY policy and entries for pending subscriptions will get created.
• On receipt of Voluntary Exit application for the above cases, After Linking of new SB Account SOL user has to immediately change the status of APY to voluntary exit through CAPY modify function and verify.