How to do KVP Premature Closure i.e. closure before the maturity date

KVP Premature Closure i.e. closure before 2 years and 6 months from KVP account open date

 In the menu CSCCAAC,

    i) The closure value date will be auto populated as BOD. In case of closure due to death,         closure value date should be changed to date of death.

    ii) Select the account which needs to be closed prematurely

    iii) Input the closure reason code as one of the below:

        OBMIN- Order by Ministry of Finance

        FORFT - forfeiture of certificates

        DTCLM- Death claim (in case of closure due to death)

   iv) Mode of repayment allowed will be "Transfer" only and "Cash" mode will not be allowed