Important Instruction || Regarding extension of RD Matured accounts having deposits less than 60 intallments

Important Instruction || Regarding extension of RD Matured accounts having deposits less than 60 intallments

Posted by Admin

Jun 18, 20200 comments

Dear Team,

Without paying all 60 installment
RD accounts cannot be extended.

For accounts with default, the SOL has to use PMDDRD to defer the maturity date; no. of deferments allowed is based on number of defaults.

For accounts having only one default, the account can be deferred 4 times if defaulted installment is not paid. After that period, the account cannot be deferred and it has to be closed.

Please send these instructions to SOLs asking for extension of matured RD accounts having less than 60 paid installments.

Thanks & regards,

CEPT - CBS Team