A.2.12 Post Dated Checks
You can add or stop servicing of accounts with PDC as a repayment method.
The POST DATED CHEQUE MAINTENANCE transaction enables you to switch an account to the post dated check method of repayment.
Table A-86 To add post dated checks as a method of repayment
| Transaction | Parameters |
|---|---|
| Post Dated Cheque Maintenance | Txn Date |
| PDC Type | |
| pdc Check Number | |
| pdc Check Date | |
| pdc No Of Checks | |
| pdc Check Amount | |
| pdc Bank Routing Number | |
| pdc Account Type | |
| pdc Account Number | |
| pdc Bank Name | |
| pdc Bank Branch Name | |
| pdc Docket Code | |
| pdc Comments | |
| pdc Frequency |
The STOP POST DATED CHEQUE MAINTENANCE transaction stops processing the payments on an account using Post dated checks. Once this transaction is posted, status of all PDCs attached to a Loan account changes to VOID, indicating that the PDCs are of no use.
Table A-87 To stop post dated checks as a method of repayment
| Transaction | Parameters |
|---|---|
| Stop Post Dated Cheque Maintenance | Txn Date |
Parent topic: Nonmonetary Transactions