Loan Account
1. What is CFF?
Ans: Certificate of Fulfillment of Formalities.
2. Why missing Credits (MC’s)?
Ans: Due to misclassification by DDO’s/DTO’s. Due to non-drawal of pay.
3. Why penal interest?
Ans: Due to delay in recovery of loan beyond moratorium period/ Non completion of formalities/Non Utilisation of loan.
4. Why difference in interest calculation?
Ans: Interest will accrues from the month of disbursement of loan. Where as the DDO’s calculate from the month of first recovery.