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What is a PDN?
PDN stands for "Payment Due Notice". This is the statement of account for your pension or education plan, indicating the date when your payment is due.
How many times do I receive the PDN?
The PDN is given to a planholder two times before the plan lapses: one month before the payment due date, on the due date. This is to ensure that you are given more than enough time to continue paying for your plan.
Why do I sometimes get billed for twice the amount of my installment dues? Apparently, I am being billed even after I have already paid.
This may happen if you are paying for your plan either on a monthly or quarterly mode. We send out Payment Due Notices (PDNs) on two different dates: one month before due date and upon due date if the balance remains. Hence, your PDN will bear an amount equivalent to two installments if the second PDN is prepared on the same date as the first PDN of the following due date.
Furthermore, we prepare our billing statements every 2nd of the month. Hence, if you pay after the 2nd, you will notice that you will still be billed for your past due installment. That is why we included this note just below the planholder's name and address: "Printing date: Date of Printing" and "Payment made after the printing date may not be reflected in this notice."
Please pay attention to entries on your notice that will show the number of installments Paid and the Due Date/s. If you have been paying conscientiously, you have nothing to worry about.
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