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CALCULATION OF INTEREST RECOVERABLE IN SCSS DECEASED CLAIM CASE
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Intt. recoverable in SCSS Accounts into which date of maturity is already passed.
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Click on date field and check the formula bar. Enter you dates exactly in the same format.
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Scheme:SCSS
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Office:
Sarojini Nagar
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A/c No. 3405424976
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Prinipal Amt.
500000
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Ac. Open Date:
25.10.2018
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Applicable Intt Rate (SCSS):
8.70%
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Qtrly Intt. Payable (Rs.)
10875
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Date of Death:
26.04.2021
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Date of Maturity:
25.10.2023
(Original/Extended)
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Applicable Intt Rate (SB):
4.00%
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No. of PeriodIntt/Qtr. or Intt/Day
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SCSS Intt. Recoverable (As paid in Finacle from Qtr. of Death till Maturity)
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From Date:01.04.2021To Date:25.10.2023
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Complete Qtrs-1010,875108,750
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Days after last completed Qtr-
24120.832,900
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Total:111,650
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SCSSS Intt. Payable (After Last paid Qtr. Till Date of Death)
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From Date:01.04.2021To Date:26.04.2021
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Days-26120.833,142
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Total:3,142
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SB Intt. Payable (From Date of Death till Date of Maturity)
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From Date:27.04.2021To Date:25.10.2023
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Months-2948,333
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Days-281,534
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Total:49,868
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Total Intt. Recoverable on Date of Maturity:
-58,641
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Date of Effect:
25.10.2023
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 HIARM entry to be made on Date of Effect. System automatically calculates further interest till date of payment.
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Developed by: Pankaj Dwivedi, SBCO Sarojini Nagar HO, New Delhi
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