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How do I pay my monthly amortization?
BORROWER/BUYER |
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Proceeds to the Billing and Collection (B & C) window, presents passbook or gives his/her name to the Account Officer (AO) |
ACCOUNT OFFICER |
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Computes the amount due, prepares Payment Acceptance Order (PAO)
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BORROWER/BUYER |
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Proceeds to the Cashier window and presents the PAO and pays amount due. |
CASHIER |
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Receives PAO and prepares official receipt (OR). Writes OR number and date on the PAO.
Issues original copy of OR to Borrower/Buyer. |
ACCOUNT OFFICER |
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Posts details of payment in the Borrower’s/Buyer’s Subsidiary Ledger (S/L). |
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