Freezing of an account  in Finacle

  • Freezing means restricting an account to perform the transactions.
  • A frozen account doesn't allow any transaction.
  • Freezing can be credit/debit or both for a particular account.
  • The menu option for freezing of an account is HAFSM.

Scenario:-

  • When a customer applies for a loan against NSC/KVP in a bank then the bank applies pledging of NSC/KVP accounts in Post Office.While entering the pledge in the
  • Procedure for Freeze\Unfreeze of an account:-
  • HAFSM:-(Stands for Account Freeze Status Maintenance)

Invoke the menu HAFSM select the following

  • select the function as "Freeze"
  • give the account number and
  • select the freeze code as either total freeze or credit only or debit only depending on the usage

  • Then click on Go then the system will ask to enter the following
  • Select the account id by selecting the check box as shown
  • Select the freeze code
  • Select the freeze reason from the list as shown



  • Then click on submit then the system will display the message account freeze done successfully.
  • The same can be inquired in account balance menu.