COFAC (Comprehensive Software for Fixed Deposits Accounting) has been designed for those who have or would like to have an in-house setup for the Fixed Deposits operations. The software has evolved & grown with the dynamism of the F.D market since 1991. It has been put into tough working by the demanding NBF Companies and works as a breeze for manufacturing companies.

  • Single-screen Enquiry on FDR number, Warrant number, Name, Cheque no, Application no, Broker code or Broker name.
  • Option to have unlimited “User defined” FD Schemes
  • Generation of Bank Pay-in slips, List of Un-realized, Bounced cheques
  • Facility to store Nomination details
  • Facility to mark “Loan/Lien” details
  • Facility to print F.D Receipts “Across the Counter
  • FDR Numbering is automatic.
  • Automatic Premature Refund calculation (with parameterized user-set rules)
  • System based monitoring of Public, Shareholder collection Limits
  • Provision for generation of “Post Dated” interest & refund warrants
  • Parameterized printing of FD Receipts, Interest Warrants, Brokerage Warrants & Refund warrants.
  • Clubbing of deposits with User-confirmation for computation of TDS
  • Computation of Brokerage including third-party brokerage
  • Facility to compute & print “Out of Pocket Expenses” for Brokers.
  • Generation of User-defined letters for brokers
  • Generation of FDR Ledger, FDR Statement & FDR dispatch Register
  • Generation of Form 16A, 15H/G forms, Renewal notices through the system
  • Generation of ROC Return of Deposits, Deposits exceeding Limit (Sec269SS/T) & Fixed Deposit Ledger as per “Companies Act”
  • Facility to generate Income Tax statement, e-TDS (as per NSDL format)
  • Interest Accrued / Interest Projection statements for provisioning
  • List of Unclaimed deposits, Maturity List, Alpha Index of Depositors
  • Option for handling undelivered articles
  • Parameterized printing of User-defined Reports
    • Comprehensive MIS
    • Collection centre wise deposits mobilized
    • Broker wise, scheme wise deposits mobilized
  • Cash Outflow statement
  • Facility to track Investor Correspondence
  • User-id & Password for Security
  • Transaction based Audit trail on changes of Depositor’s information
Reconciliation module (RECON)
  • Data Entry (or) Import Paid Instruments of Interest / Refund / Brokerage
  • Checklist, validate and generate Paid / Unpaid / Mismatch Reports
  • Option to Mark Unpaid cases to “Transferred to IEPF (Investor Education Protection Fund)” after 7 years
  • Generate Notices/Reminder Letters for Unpaid warrants
E-Payment module (ELECSY)
  • Creation of RBI Bank Master of MICR/IFSC codes
  • Capturing MICR/IFSC code and bank account details with validation
  • Process Interest & Refund warrants through NECS / NEFT mode of payment
  • Generate RBI Instrument File for upload
  • Generate and print “E-Payment Advice” for depositors
Dispatch module
  • Facility to upload dispatch details that include Consignment no, Date of dispatch, Mode of Dispatch, Remarks
  • Administer dispatch of FD Receipts, Interest cheques, Refund cheques, Investor Correspondence letters
  • Option to Mark Unpaid cases to “Transferred to IEPF (Investor Education Protection Fund)” after 7 years
  • Generate Notices/Reminder Letters for Unpaid warrants