The main problems in calculation of interest and issue of CC(Clearance Certificate)/NDC (No Due Certificate)are due to the following reasons:

  • Misclassifications of loan head in the accounts.
  • Non receipt of Sanction order and non-receipt of debit vouchers.
  • Absence of loan details/particulars in Credit challans.

Detailed particulars comprises

  • Name
  • ID Number i.e. GPF Number/PRAN Number
  • Number of instalments
  • Loans – Subtype in case of 
  • HBA - Original/Additional/Revised
  • MCA- Motor Car/Motor Cycle
  • COMP Advances-1st , 2nd and 3rd