iBanking

Chitty / Group Deposit/ MBF for Co-operative banks and Nidhi Companies

  • Can define various Chitties/GDs/MBFs
  • Chitty/ GD suspense collection facility.
  • Automatic transfer of chitty/GD suspense to premium a/c at the time of registration.
  • Automatic creation of foreman’s installment receipt auction transfer.
  • Transaction history will be displayed in tabular format on ledger screen.
  • Future liability of the chittal will be displayed on the screen.
  • Chittal addresses can be updated from the module itself, which will be reflected in membership module also.
  • Fully automated calculation of premium, veetha palisa, ready commission, interest, foreman’s commission and bid amount.
  • All Chitty/GD related transactions can be carried out from a single user interface.
  • Various reports like Chitty daybook, chitty subsidiary ledger, chitty cash book, chitty extract, chitty arrear details, Kurry table, chittal lists, non-defaulted chittals etc.
  • Chitty balance sheet.
  • Provision to enter chitty related miscellaneous expense and income.
  • Facility to enter chitty related sureties( members, deposits & others) which will be considered in the liability and lien calculation.