PRDCM stands for Post
Recurrence Deposit Continuation on Maturity.
Invoke the menu PRDCM then select the function
as "continue" and give the account number then click on go
Then in the next screen enter the filed Continuation
Deposit Tenor (MMM/DDD) as "60" then the system
automatically calculates the maturity period and maturity amount then click
on Generate and submit.The same should be verified in the
supervisor login.
But in the following scenarios extension of an account is not possible.
But in the following scenarios extension of an account is not possible.
·
Before the date of maturity of account
·
If any pending or defaulted installments are
there
·
If any loan due amount is pending for
repayment
But in
Sanchay for point 2 and point 3 extension is possible but in Finacle this is
not possible and the same reported to help desk and got the reply waiting for
new rule to amendment from the directorate.
