Workaround for Cheques Sent for Collection During Migration

Cheque Collection during Migration  (i.e) Cheques sent in Sanchay Post and realized Post Migration

Introduction

1. Few cheques might have been sent for clearance during migration. (ie) Cheques might have been sent for clearance in Sanchay Post and intimation of clearance not received(received after go live)
2. These cheques may pertain to MIS/RD/TD/SCSS/PPF/NSC account opening, RD/SB/PPF subsequent deposits, RD Agent Bulk list.
3. Due to introduction of new default fee structure, RD accounts opened from 1st to 15th may get failed if the cheques are not cleared before 15th . Similarly RD accounts opened from 16st  till last day of the month  may get failed if the cheque is not cleared before  the last working  date of the month.
4. Below mentioned workaround should be followed till such time the outward cheques are processed through Outward Clearing Zone (HMCLZOH).

Please Note: This workaround to be used ONLY until the cheques are processed through OUTWARD CLEARING ZONE

 Steps are Followed

1. User to invoke  CXFER MENU in finacle.
2. Debit SB (Sundry) account( SOL id followed by 0007 as debit account eg 600002000007)
3. Credit account to vary according to the schemes listed below

• SB – Respective account number
• MIS – SOLID0382 (Account opened by cheque)
• NSC - SOLID0382 (Account opened by cheque)
• PPF – SOLID0382 (Account opened by cheque)
• RD Retail / Bulk – SOLID0017 (Outward Clearing account)
• TD – SOLID0382 (Account opened by cheque)
• SCSS -SOLID0382 (Account opened by cheque)

    4. For RD Retail / Bulk the cheque number SHOULD BE ENTERED in the Transaction Particular         field (CXFER) without fail as described below

• Invoke CXFER , Dr Acct and Cr Account as above and
• Enter the cheque number in the “Transaction Particulars” field by removing the word “BY TRANSFER”
• Cheque number should be of 6 digits
• “0”(ZERO) in the prefix of the cheque number should not be omitted (i.e. 002345)

    5. Procedure for Posting RD Bulk list

• Operator – Invoke menu HAGTXP – Modify – E Banking Reference Number – Click on Submit
• RD Bulk list verification – Supervisor – Invoke menu HAGTXP – Verify - E Banking Reference Number – Click on Submit

     6. Procedure for New account opening (MIS/NSC/SCSS/TD/PPF)

• Invoke account opening menu of respective schemes
• Enter the mandatory fields
• Instead of cash – select Transfer and select SOLID0382 (Account opened by cheque) for debit.