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INFORMATIOM TECHNOLOGY CIRCULAR NO:          18

APPLICATION OF INTEREST /CHARGES   & PRESERVATION

 OF INTERST / CHARGES  SHEET.

          We draw intention of all incumbents towards IT Section circular No.13/2006 wherein it is specifically mentioned that detail interest sheet be printed out and calculation be checked before posting of interest in respective accounts. It was further advised in the said circular that record of detailed interest sheets be placed in a separate file for Audit / inspection purpose. 

It has been observed that  interest and charges  applied by the system are not being checked by the concerned officials and  no record of  product calculation with interest rate is  maintained at the branches. In some cases interest / charges applied by the system are found on very high / low side.  The authorities have taken a very serious view of it.  

          The branch incumbents  are advised to exercise strict vigil and restrict all the avenues of possible revenue leakage. It is reiterated that before giving interest posting command detail interest sheet containing complete detail of month wise product along with interest rate at which system is applying interest be printed out and placed on record . Interest posting command should be given only after  checking  and satisfying that interest applying by the system is correct. For the guidance of the branches, we once again give hereunder the command  for obtaining print out of detailed interest sheet.                                                                                                                                                                                                                                         

Main Menu→ Reports → Interest related report → Detailed interest sheet.

( Detail interest sheet can be obtained only before posting of interest. If the  print out of detailed interest sheet  is not taken, it can be obtained  only after restoration of backup taken before interest posting.)                                  

 As regards non application of charges in inoperative account, it is advised to check charges parameters from following menu option. 

Main Menu→ Parameters  → Charges Parameter 

 Set parameters as per latest charges circular and authorize it. In case of any difficulty don’t hesitate to call NTPL engineer who is sitting at each RDM / DCO’s office.

  All the branch Incumbents are advised to note these instructions for meticulous compliance.

                                                                    GENERAL MANAGER