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YEAR END
31-Mar-15
Transfer/Accrual of interest in schemes and Sugama Year end are to be
performed on 31-03-15 before day end. The various steps to be followed in this
regard are,
1.
2.
3.
4.
5.
6.
7.
FD Loan – Interest accrual.
VDLS Interest Accrual
Sugama Akshaya OD – Debit and Credit interest transfer
Sugama Interest Calculation and Transfer.
Sugama – Non operative account updation
Debit Folio Charges and Year end.
Financial Year settings.
Pre requisites:
a.
b.
c.
N.B :
d.
e.
f.
g.
h.
i.
BAS version 786.
Sugama interest is to be calculated and verified.
Interest due on FD may be transferred to the respective FD Loan.
Interest so transferred, shall not exceed the amount required to close the
FD Loan account.
All matured FDs on which FD Loan exists, may be closed.
Make sure that the income proof submitted by the VDLS-EWS customers are
duly entered in BAS. Accrual of interest will be done at the rate applicable to
general category, if Income proof is not submitted in BAS.
Verify Akshaya Overdraft - Statement of Cr balance Interest.
Complete all the transactions for the date including appraiser fee
payment, except day end.
Take back up and save a copy to a pen drive/CD.
Log out from BAS in all other nodes.
I.
FD LOAN
Loans  FD LoanInterest calculations
Click ‘Calculate Interest’ to see the message
Click ‘Yes’ to list the interest due
Select the loan nos listed and add button in the main menu to see the message
Ensure that the FD Interest has been transferred and the interest due listed
for accrual is correct. Click ‘Yes’.
Click ‘OK’ to complete the process.
II.
VDLS – INTEREST ACCRUAL
Interest up to 31-March will be accrued in accounts, if EMI fixation is not
done. Concession to the EWS category will be allowed in BAS only if the Income
proof submitted by them for the year is duly entered.
Loans VDLS Interest Accrual
Click ‘Calculate Interest’ to see the message
Click ‘Yes’ to list the interest due
Click ‘Add’ button to see the message
Click ‘Yes’ to see the message
Click ‘Yes’ to Accrue interest
III.
i.
AKSHAYA OVERDRAFT
Debit Balance - Interest
Calculate and transfer interest, as we usually do, on every month end date.
Loans Sugama Akshaya Overdraft  Interest Calculation
Click ‘Calculate’ to see the message.
Click ‘Yes’ to continue.
Click ‘OK’ to list the interest
Click ‘Transfer’ to transfer interest listed.
Click ‘OK’ to complete the process.
ii.
Cr Balance – Interest
Verify the Cr Balance Interest Statement.
Reports Akshaya Overdraft Statement of Cr balance interest.
Select the period September – February. Take print and verify.
Loans SugamaAkshaya Overdraft Credit Interest Transfer.
i.
ii.
iii.
Click 'List' to view the interest payable in accounts
‘Select all’ accounts
Click 'Transfer' – to transfer interest.
Click ‘OK’ to complete the process.
IV.
SUGAMA –INTEREST CALCULATION AND TRANSFER
SugamaSugama Interest Calculation
Click ‘Clear interest’ to clear the calculations, if any.
Click ‘Yes’ to confirm.
Click ‘OK’
Click ‘Calculate Interest’. Processing status is shown.
Click ‘OK’
Reports  Sugama Statements  Sugama Statements
Select the period ‘September – February’
Click ‘Show Report’
Verify the interest calculated
‘Transfer’ - Check box is enabled.
From: Sep-2014
To: Feb-2015
A message is shown in red letters for the same.
Click ‘Transfer Interest’ to see the message
Click ‘Yes’
Click ‘OK’
Else, the message below is shown if interest is calculated for any previous
period is in ‘not transferred’ status.
Click ‘No’ and clear interest calculated.
Repeat the steps once again.
V.
SUGAMA – NON OPERATIVE ACCOUNT UPDATION
Under this option, status of all those accounts that are non-operative this
year will be changed.
Please verify the sugma controls and ensure accuracy.
i.
SugamaSugama Control - I
ii.
Sugama Sugama Control – II (Public)
iii)
Sugama  Sugama Control – II (Staff)
SugamaSugama Non-operative Account status
Click ‘View’ to list all the new non-operative accounts.
Select All Accounts and click ‘update’.
Click ‘OK’ to finish.
VI.
FOLIO CHARGES AND YEAR END
SugamaSugama Year end operation
Click ‘List’ to show the non-operative sugama accounts and their balance.
Select all accounts.
Debit Folio Charges
Click ‘OK’
Click ‘Year End’ to see the message.
Click ‘OK’ to see the confirmation message.
Click ‘Yes’ to process year end.
Click ‘ OK’
Perform DAY END
VII.
FINANCIAL YEAR SETTINGS.
General  Financial Year.
Select Financial Year ID – 16 to see the message.
Click ‘Yes’ to set the new Financial Year (2015-16)
Please ensure that the challans from 01-04-15 are generated with the new
serial number.
Regards