Procedure for extension of RD account

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.

1. Before the date of maturity of account
2. If any pending or defaulted installments are there
3. 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.