Step by Step Process of Inward Clearing in DOP Finacle

Overview :

Ø  Inward clearing is a process whereby the HO dealing with clearing house receives various types of negotiable instruments that are drawn on it by the customers

Ø  Finacle CBS Processes include:

·                    Opening of zone to enable the entry of instruments.

·                    Lodging of instruments in order to pass or reject them.

·                    Verifying the zone

·                    Run through the processes of suspend, validate and posting of the zone

·                    Close the zone

·                    Inquiry and Reports

Ø  Other Processes:

Ø  Revoke suspension

* When the zone is suspended, the user cannot add any records/instruments.  To enable this, suspension of zone should be revoked.  This is done by invoking HMICZ menu with function (R)- Revoke

Ø  Unlock zone

* If for any reason during the inward clearing processes, the system results in a fatal error, the process gets terminated abnormally and the zone gets “locked, To resume, the user has to invoke the menu HUNIZ and unlock the zone.

Step by Step Process

Ø  Supervisor has to invoke the Menu option “HMICZ” to open the Zone

• Now provide all the details as mentioned below :

        Function : O – Open

        Zone Code : MICR

        Click Go

1.   Total Amt. in Advice : Enter the total amount received

2.   Total No. of Instr. In Advice : Enter the total number of instruments as per advise

3.   Click Submit

Ø  Counter PA has to invoke Menu HICTM to lodge the cheques.

• Now provide all the details as mentioned below :

Funtion : Add

Zone : MICR

Click Go

1.   A/c ID :________ [ Finacle displays current available balance ]

2.   Amt. :_________

3.   Instrument No :______

4.   Payee :________

5.   Transaction Code : 10

6.   Instrument Type : CHQ

7.   Instrument Date :________

8.   Click Add

• Repeat the same process [from 1 to 8] for all the cheques and after entering the last cheque click Submit

Ø  Supervisor has to invoke Menu HICTM to Verify the cheques.

• Now provide all the details as mentioned below

Function : V-Verify

Zone : MICR

Click Go

• Click Accept

• Click Submit

• Now Supervisor has to invoke the menu option HMICZ to suspend a zone.

        Function : S-Suspend

        Zone Code : MICR

        Click Go and then

        Click Submit

• In the same manner supervisor has to do validation run by selecting

        Function : Validation Run

        Zone Code : MICR

        Click Go and then

        Submit

• Now supervisor has to post the zone by selecting

        Function : Post Zone

        Zone Code : MICR

        Click Go and then

        Submit

• In the same manner Supervisor has to Close the Zone by selecting

        Function : Close Zone

        Zone Code : MICR

        Click Go and then

        Submit

Now you will get the message that "Job initiated. Check print queue after sometime." Invoke menu option HPR and view the report to confirm the Zone closure.