Step 1.
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Download the revised DB Analyzer
Software. Run DB Analyzer software. Select ‘Database Discrepancies’.
1)
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Ensure that previous financial year
Interest Entry (2008-2009) is made for all accounts. (‘Ledger entries
without previous year interest entry’ option will list the accounts without
interest entry).
Login to Data Entry Module as Data Entry Supervisor and insert the interest
transaction for the previous financial year (i.e. for 2008-2009) with the
transaction date as '01/04/2009' and transaction type as 'interest'.
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2)
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Ensure that account type is
available for all accounts. (Account numbers with blank account type’
option) Login as Supervisor. Use 'Common -> Account type Conversion'
form. Select the correct account type and save.
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3)
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Ensure that ledger entries with
Cleared Date as ‘01/01/1900’ are not available. (‘Ledger entries with LOT / Cleared Date as 01/01/1900’
option)
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4)
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Ensure that account status is
updated for all accounts. (Account numbers with blank account status'
option) Select 'Database Discrepancies >> SB >> Account numbers
with blank account status' option in DBAnalyzer and update the account
status
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Step 2.
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Login as ‘Supervisor’ in on-line
module.
1)
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Check interest rates in
initialisation group.
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2)
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Check the current financial year in
the form (Form No.0410)
‘Initialisation >> Financial Year – SB / PPF / NSS’
(Financial Year should be 01/04/2009 – 31/03/2010).
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Step 3.
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From the menu,
1)
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Select ‘Annual Interest Calculation’
form (Form No. 1305 / 1004 / 0904) to calculate interest
for SB / PPF / NSS.
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2)
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Select 'IBB Report' option to
generate IBB Report.
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3)
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Select 'Annual Interest Calculation'
option to carry out calculation.
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Step 4.
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After calculation is finished,
1)
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Check the error files in SP5\OT
folder to view the accounts for which interest was not calculated.
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2)
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If any of the errors listed can be
rectified, rectify them. It would be advisable to rectify as many of the
errors listed if not all and then re-calculate interest by selecting
'Annual InterestCalculation' option again, before interest posting. The
process can be repeated any number of times till no accounts are listed in
the error list.
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3)
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Select the 'Annual Interest Posting'
option to carry out interest posting.
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NOTE:
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1)
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Interest calculation should be
performed at HO only, for all SOs except for MDG.
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2)
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For SOs, interest calculation should
be performed only after receiving and incorporating
all the Supplementary Dates’ transactions in SOSB module.
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3)
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Ensure that the cleared cheque
details received till 31/03/2010 are entered and posted. Also ensure
posting of PPF cheques cleared till 31/03/2010 before posting PPF interest.
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4)
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Interest if calculated and posted on
any later date (after 01/04/2010) will also be appropriately posted
in the ledger.
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Can Interest Calculation be done after
1st of April?
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Interest calculation for PPF can be
done on any day after completion of transactions on the 31st of March and
for other schemes it can be performed on any day after day begin has been
performed for the 1st of April. Interest is posted (inserted) in the ledger
with transaction date as per rules.
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