How to calculate SSA default or Penalty Amount for discontinued account.- SSA Discontinued Account
- SSA minimum Deposit Amount Rs.250/-
- Should be paid at least minimum amount per financial year
- Account will be discontinued in case of non payment of minimum amount per financial year.
- Auto renewal feature available by making payment of installment with penalty or default fee at any time before completion of period.
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How to calculate penalty or default fee for SSA Account.
- Default fee can calculate through Finacle using CPDTM Menu
- ENTER Account number and minimum acceptance of deposit amount rs.100
- Click on Validate button to calculate the default fee for the particular account.
- Amount will be displayed as Error Message.
- Note the amount and collect from the depositor.