April 04, 2012

PROCEDURE FOR CALCULATION OF INTEREST IN V2SBCO SOFTWARE


‐ PLEASE DOWNLOAD THE UPDATED SBCO SOFTWARE FOR INTEREST CALCULATION SBCOICAL.EXE

          COPY THE SAME TO THE SBCO FOLDER

          EXECUTE THE SBCOICAL FOR IBBCALCULATION

          ADD/MODIFY THE INTEREST SETUP WITH THE FOLLOWING STEPS

o   STEP – 1

o   PLEASE UPDATE THE INTEREST SETUP AS SHOWN BELOW FOR CALCULATION OF IBB FOR
THE MONTHS OF APRIL 2011 TO SEPTEMBER 2011

CATEGORY
FROM DATE
TO DATE
INTEREST
MONTHS
MIN BAL
MAX BAL
SA
01/04/2011
30/11/2011
3.5
8
50
100000
SA
01/12/2011
31/03/2012
4
4
50
100000
JA
01/04/2011
30/11/2011
3.5
8
50
200000
JA
01/12/2011
31/03/2012
4
4
50
200000
JB
01/04/2011
30/11/2011
3.5
8
50
200000
JB
01/12/2011
31/03/2012
4
4
50
200000

o   RUN  IBBCALCULATION  FOR  APRIL  TO  SEPTEMBER  USING  OFFICE‐WISE MONTHLY OR

MONTHLY ALL OFFICES OPTION o STEP 2

o        PLEASE MODIFY THE MAX BAL TO 99999999 AS SHOWN BELOW FOR CALCULATION OF IBB FOR THE MONTHS OF OCTOBER 2011 TO MARCH 2012 AND ANNUAL INTEREST

CATEGORY
FROM DATE
TO DATE
INTEREST
MONTHS
MIN BAL
MAX BAL
SA
01/04/2011
30/11/2011
3.5
8
50
99999999
31/03/2012
01/12/2011
31/03/2012
4
4
50
99999999
JA
01/04/2011
30/11/2011
3.5
8
50
99999999
JA
01/12/2011
31/03/2012
4
4
50
99999999
JB
01/04/2011
30/11/2011
3.5
8
50
99999999
JB
01/12/2011
31/03/2012
4
4
50
99999999

o        RUN IBBCALCULATION FOR OCTOBER TO MARCH USING OFFICE‐WISE MONTHLY OR MONTHLY ALL OFFICES OPTION FOR CALCULATION OF ANNUAL INTEREST


NOTE : DO NOT USE OFFICE‐WISE/YEARLY OPTION FOR CALCULATION OF IBB.


Source : dopvizag,sapost.,saparavur,dheeru24k

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