How To Change CIF Of Second Depositor Using HCCA?

YOU CANNOT CHANGE THE CIF OF SECOND DEPOSITOR USING HCCA MENU

What the FFFF bro? Then how do we change the cif id of the account.

See guys the situation of changing the CIF arises

a) when we are trying to close a joint account and trying to transfer the closure proceeds to single account in the name of second depositor and

b) closing single account and and transferring the closure proceeds to joint account in which the depositor in single account is second depositor in joint account.

Now many of you are aware about HCCA and how to use. Let us see how to handle above situations.

Situation A 

When you are closing joint account and transferring the proceeds to single account of second depositor, system will show CIF mismatch error. 

The solution is simple USE THE ACCOUNT MODIFICATION MENU to change the CIF of second depositor in Joint account.

Let us assume you are closing an MIS account in which the A is first depositor and B is second depositor. Now we have to transfer the closure proceeds to SB account of B.

Now what we have to do is note down the CIF of B in SB account.

1. Invoke CMISAM

2. Choose function as Modify

3. Enter MIS account id

4. Click on GO

5. Scroll down to Related Party Details 2

6. Change the existing CIF with the CIF which you have noted from SB account of B

7. Click on Submit

8. Verify using the same menu.

• Did you get the point. Similarly in the case of other accounts use the respective account modification menus and change the CIF of Relative Party Details 2

Situation B

Let us see this case with an example. Let us assume we are closing single RD account and transfer the proceeds to joint SB account in which the customer is second depositor. 

1. Invoke the menu CASBAM

2. Choose function as Modify

3. Enter SB account id

4. Click on GO

5. Scroll down to Related Party Details 2

6. Change the existing CIF with the CIF which you have noted from SB account of B

7. Click on Submit

8. Verify using the same menu.

Now you can close the RD account.

Note : CASBAM modification of second depositor is not working properly. In this case just use HCCA and change the CIF of RD account.

The point is we have to use ACCOUNT MODIFICATION MENUS to change the CIF of second depositor