Error in SCSS Renewal and Solution in Finacle
Some SCSS Accounts are not getting extended because of error Error W0205 - Acct balance [ 99990.00] after lien [ 0] not sufficient for Renewal Amt [ 100000.00]" . It is informed that due to excess interest credit in some SCSS Accounts during Interest batch run on 31st December, an IAR entry has been made in such accounts so that customer may not close the account without refunding the excess interest. In case of closure, this IAR amount is getting deducted from closure amount but in case customer wants extension, system is not allowing this because the balance amount will not be in multiple of 1000/-.
To allow renewal of such accounts, following procedure should be followed:-
Post office first go for renewal and see the amount of IAR entry in the screen and ask depositor to pay this amount as it was excess paid in last quarter. Amount collected should be credited into UCR and receipt be given to customer. Renewal application should be retained. A letter/mail is to be sent to SBCO mentioning the ACG-67 number and amount collected for removing IAR entry.
Incharge SBCO will Go to HIARM menu and follow the process mentioned in the enclosed document. Once entry is removed, an intimation should be sent to post office which will renew the account as usual.
SBCO Incharge should maintain a register for the IAR entries removed for future reference.
Step of HIARM (Inter Adjustment Register Maintenance) Menu
Menu Shortcut - HIARM
GO
Function - Modify
A/c./Bill/Disbursement - A-A/Cs
A/c./Bill/Disbursement ID field - SCSS A/c
SOL ID
GO
Click Del Square button
Reports - Daily_Factor_Int_Correction
Submit
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