PDC

In this section of the manual, you will know about the PDC: security and repayment.

What do you understand by PDC?

PDC typically stands for "Post-Dated Check." A post-dated check is a check that is issued with a future date on it, meaning it cannot be cashed or deposited until that date arrives.

1. Once you click on any active loan account (for example: Vehicle), you will see the below screen containing different tabs. Click on PDC.

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2. Once you click on ‘PDC’, you will see the below screen which contains two sections: Security PDC and Repayment PDC.

What do you understand by Security PDC?

Security PDC refers to "Security Post-Dated Checks." They are post-dated checks given by borrowers as collateral for loans or other financial obligations. If the borrower fails to make payments, the institution can cash or deposit these checks to recover the outstanding amount.

What do you understand by Repayment PDC?

Repayment PDC refers to "Repayment Post-Dated Checks." They are post-dated checks provided by borrowers to ensure timely repayment of loans or other financial obligations. The borrower issues these checks with future dates, and the institution can deposit or cash them on the specified dates for loan repayment.

Under Security PDC, you will see the below screen. Click on ‘Add PDC’ button.

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Once you click on Add PDC button, you will see the below screen. Fill all the mandatory details as required and click on Submit.

3. Under Repayment PDC, you will see the below screen. Click on ‘Add PDC’ button.

Once you click on Add PDC button, you will see the below screen. Fill all the mandatory details as required and click on Submit.