Revision of interest rates and various changes in SB rulings with effect from 01/12/2011, vide SB Orders No. 22-29/2011 dated 24.11.2011 Click here to read instructions and download Patch Patch can be executed only after day-end of 30/11/2011
Revision of Interest Rates and Various Changes in SB Rulings (w.e.f. 01/12/2011)
IMPORTANT INFORMATION
The patch can be executed only after day-end of 30/11/2011
It can be executed on the server or on any one of the client systems running a 32 bit Operating system in which DBAnalyzer is installed
The patch does not require SQL ‘SA’ password for execution and hence can be run by any official working on systems or by the supervisor
Supervisor has to ensure the execution of the patchbefore commencing counter operations on 01/12/2011.
The patchdoes NOTincorporate the following points, and hence and in cases where it becomes applicable the changed rule has to be implemented manually.
The maturity period for Monthly Income Scheme (MIS) and National Savings Certificate (NSC) will be reduced from 6 years to 5 years – problem will not arise at present.
New NSC instrument, with maturity period of 10 years introduced is to be handled manually.
The change in rate of interest in case of TD premature closure will have to be done manually till the requisite changes are made.
INSTRUCTIONS FOR RUNNING THE PATCH
Download the ‘MoF_RateChange.zip’, unzip and copy it to the DBAnalyzer folder
Run ‘MoF_RateChange.exe’ from the DBAnalyzer folder itself.
Enter the name of the SB Server and click ‘OK’.
A message will be displayed for each scheme.
Continue clicking on ‘OK’ until the message ‘Interest rates updation completed successfully’ is displayed.
In case any other message or error code is displayed, email the error code to SDC for solution.
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