How to handle cheques sent for collection before migration but clearance received after migration

Workaround for cheques sent for collection during migration (ie) Cheques sent in Sanchay Post and realized Post Migration

Introduction

(a)   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)

(b)   These cheques may pertain to MIS/RD/TD/SCSS/PPF/NSC account opening, RD/SB/PPF subsequent deposits, RD Agent Bulk list.

(c)   Due to introduction of new default fee structure, RD accounts opened from 1^st to 15^th may get failed if the cheques are not cleared before 15^th . Similarly RD accounts opened from 16^st  till last day of the month  may get failed if the cheque is not cleared before  the last working  date of the month.

(d)   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

User to invoke  CXFER MENU in finacle.

Debit SBI (Sundry) account( SOL id followed by 0007 as debit account eg 600002000007)

Credit account to vary according to the schemes listed below (SOLID0382  – Accounts Opened by cheque)

a.     SB – Respective account number (Subsequent deposit)

b.    MIS – SOLID0382  – For New Account [ eg: 600002000382 ]

c.     NSC - SOLID0382  – For New Account

d.    PPF – SOLID0382  – For New Account

e.     TD – SOLID0382 -  For New account

f.     SCSS -SOLID0382– For New account

g.    RD – SOLID0382–   For New Account

h.     RD Retail / Bulk – SOLID0017 (Outward Clearing account) – Subsequent deposit

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

1.     Invoke CXFER , Dr Acct and Cr Account as above and

2.     Enter the cheque number in the “Transaction Particulars” field by removing the word “BY TRANSFER”

3.     Cheque number should be of 6 digits

4.     If the cheque number is 00234, “0”(ZERO) in the prefix of the cheque number should be omitted and enter as 2345 (i.e. 2345)