FINACLE TRAINING LESSON 11
Recap:
In the previous lesson we
have learnt about verification of transactions and how to do RD deposit by
cash. If you did not read the previous lesson, please read it first and come
back to continue. In this lesson we will continue about RD deposit in different
modes.
RD Deposit by POSB cheque
Invoke the menu CRDP.
After invoking CRDP menu you will get a new screen. In the new screen choose
Function as ADD, and this time choose Transaction Type as T/CI – Transfer
Customer Induced. Now click on Go (or press F4).
In the new screen that appear
after clicking on GO; enter RD account number and Total amount. Now see the image below.
Since customer is paying
the deposit amount by cheque we have to choose mode of payment as cheque as
shown in the figure above. After that, enter the remaining details about the
cheque (cheque date, cheque number, account id) and transfer amount. Transfer
amount should be same as transaction amount.
Since transfer amount
should be same as transaction amount, we should note that, if customer is
paying a defaulted subscription, then cheque should be given for the amount
including default amount.
For example: Customer is
paying RD installment of a defaulted month. Let’s say denomination is 1000, so
default amount will be Rs.10/-. So customer should give a cheque for Rs.1010/-.
We cannot accept cheque for Rs.1000/- and default as cash. This is because the
while doing RD deposit by cheque Finacle will automatically debit the SB
account related to that cheque.
Similarly if the customer
is making advance deposits, then cheque should be accepted for amount deducting
the rebate amount.
For example: Customer is
paying 12 installments of an account with denomination 1000. So rebate will be
400. In this case we have to accept cheque for Rs.11600/- only.
Same caution should be
exercised while accepting bank cheques also. Amount should include default if
paying for defaulted month; rebate should be deducted if paying advanced
deposits.
RD Deposit by Bank Cheques
Rd deposit by bank cheque
is same as RD deposit by POSB cheque, except for the following points.
1. Choose mode of payment as
Transfer
2. Enter Account ID as Sol
ID+0017 ( I’ll explain later why we are entering account number as Sol Id+0017)
3. Enter Value date as Cheque
clearance date.
See the image below and
you can observe the differences.
So this is how we do RD
deposit by bank cheque.
Verification of RD Transactions.
To verify RD transactions
invoke the menu CRDP. Choose Function as POST. Then enter the transaction ID and
click on GO. Verify the entries on the screen with those on the RD voucher. If
everything is found correct, then click on SUBMIT. That’s it verification is
over.
Note: If anything is
found incorrect in the transaction, we can delete the transaction and re enter
the transaction. Care should be exercised while verifying RD deposits. Because
counter PA has done any mistake in RD deposit and supervisor verifies it by
mistake we cannot do anything in that case.
PPF Deposit by Cash
Since all offices have
become online, a dilemma has come whether C class offices should accept PPF
deposits or not. Customers will be coming to all post offices now because all
offices are becoming online.
I’m not sure but I think
we can accept PPF deposits of any office at any office. But to open, close or
any other modification of PPF accounts should be redirected to home office
only. That means even single hand may accept PPF deposits. Because customers
may come to all offices for PPF deposits it’s better to learn how we do PPF
deposits in Finacle.
Let’s see how we do PPF
Deposits in Finacle. Invoke the menu CPDTM and you will see the following
screen.
As we have seen in RD
deposit screen, this PPF deposit screen also has Function Code , Transaction
Type initiating sol id etc.
Choose Function Code as
Add. We have seen in RD deposit that transaction type means whether the
customer is paying by cash or POSB cheque or by bank cheque. Since in this
transaction we are doing PPF deposit by cash we will select Tran Type as C/NR-
Cash Normal Receipt. For deposits by POSB cheques and bank cheques choose Tran
Type as T/CI- Customer Transfer.
There is another field Type in this screen. What does it mean?
Do you remember in CTM menu there was a field Function
Type? Type and Function Type
are same. Since CTM menu was used for both deposit and withdrawal transactions,
we select Function Type as either deposit or withdrawal to tell Finacle which
transaction we are doing.
Similarly, CPDTM menu is
used for normal PPF deposit, Loan principle repayment and loan interest
repayment. So to tell finacle which transaction we are doing, we choose
appropriate option in Type.
It would have been better
if Infosys people used the same terminology in all menu screens. But what we
can do? Let’s just learn in this way only.
Now if you have our book
Pineapple in your hand, please refer to the section
5.1 once. Notice the first 4
steps in the book.
Read the steps in the
above image and once read the present topic of PPF deposit by cash from the
beginning. You will notice that both are very much same. Except in this
training lesson we elaborated each option and in the book steps are short and
to the point.
In the book we just gave
instructions so clear and to the point that it would be easy for you in the
counter to quickly do the transaction. But unfortunately many of us did not
know what is meant by invoke the menu, function, transaction type/sub type,
type and all this stuff.
I hope you understand my
point. Now after these training lessons using the book will be very easy. You
can easily understand every step in the book.
So after selecting all
the options, click on GO or press F4. Make habit of pressing F4. Minimize the
use of mouse. Always keep your left hand on F4 so that as soon as you complete
filling up the forms, quickly press F4. Use right hand to enter numbers,
pressing F10 (to submit/post) and minimum use of mouse.
You will see the screen
as shown in the below image after pressing F4. See the image below.
As we have done in
previous deposit and withdrawal transactions, just enter the account number and
amount and press on submit. Your transaction will be completed.
In this screen see PPF subscription paid field. In this field finacle will show
us the amount of subscription paid in the current financial year.
That’s it PPF deposit by
cash is over.
I’ll not explain the
verification procedure for easy transactions from now onwards. Take it as
challenge and try yourselves. People will laugh at me for saying verification
as challenge. Because it so easy. So try yourself. But having said that
verification is easy, you need to properly check whether all the entries made
by counter PA are correct before you press the submit button.
Let’s move on to the next
topic.
PPF deposit by POSB/Bank Cheques.
Just follow the same
steps as I said in the above transaction. The only difference will be choose
Transaction Type as T/CI – Customer Transfer.
Choose all the options
and click on GO. You will see the screen as shown below. See the image below.
As usual enter the PPF
account number and amount. Only extra step in this transaction is to enter the
debit account number. In the image it is shown as Account Number (Dr). In this field we have to enter the
SB account number if customer gives POSB cheque for withdrawal. If the customer
gives bank cheque, then we have to enter SOL Id+0017 as account number. That
too after clearance of the cheque and enter clearance date in value date.
I’ll tell in detail why
we have to enter Sol ID+0017 as account number for bank cheques while
explaining the process of sending bank cheques for clearance.
That’s it click on
submit, note down the transaction ID and verify the transactions.
With this lesson we
complete the basic deposit and withdrawal transactions which we do in the
counter. Tomorrow we will start learning about MIS/TD/SCSS interest withdrawal
transactions.
Points to be remembered
Just read this lesson
while you are doing transactions tomorrow. You will feel you have learnt new
things. That will improve your confidence of working with finacle.
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