21 September 2009 ~ Comments Off

PDC Operations

Post Dated Cheques are a common instrument for loan EMI payments in any loan finance business. The borrower submits post dated cheques for the EMI amount when the loan is disbursed initially. These post dated cheques are classified and stored by the finance company in their document vault. As time progresses, operations team of the finance company, takes all PDCs for a particular month and posts them to their bank for en-cashing the EMI cheques.

RiseMoney is capable to handling large volume of PDCs. The video below shows the process of Pay-in-slip generation, Cheque Posting(single/multiple), clearing/Bouncing, Rollback and real time effect on customer/Bank account after PDC operations on an active loan case.

If you can't see the video above, visit http://screenr.com/Hy8

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