Wednesday, November 30, 2011

SanchayPost Updates on 29/11/2011

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)
  • 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 patch before commencing counter operations on 01/12/2011.
The patch does NOT incorporate 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.
  • Download the ‘’, 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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