Premature Closure

Invoke the RD Closure menu CRDCAAC from Operator Login. System will automatically deduct the RD Loan amount and interest will be calculated on SB Rate of interest as per rule. Loan interest will not be calculated. RD Loan account balance will become 0 but will not be closed. Loan account with Zero balance should be remained as it is and not closed. No need to invoke HLAUPAY or HPAYOFF for repaying the Loan amount.

On Maturity

RD Loan amount should be adjusted before closing the RD account. Invoke the menu HPAYOFF (Loan Pay Off Process) to pay the pending principal along with interest. Interest will be calculated at the prescribed rate. Total amount displayed to be collected from the customer. In case of transfer, select the repayment account of customer or office account from where the loan amount is adjusted. Supervisor need to verify the same. Invoke the menu HCAAC to close the RD Loan account and verify the same. Invoke the menu CRDAAC to close the RD Account.

Procedure for changing the name in Account details

Procedure for changing the name in Account details :-

1. Invoke the menu CMRC and select the function MODIFY
a) Change the required Last name, Preferred name and short name
b) Click on Submit

2. Verify the modified details using CMRC menu

3. The Name change done in CIF will not get effected in Account level as this CIF has already been linked.

4. Now to correct the name in account details, invoke the menu HAALM from operator
a) Select the function MODIFY
b) Enter the account number wherein the name change has to be done
c) Click on GO

5. The old account details will be displayed

6. Required name to be changed in A/c Name and A/c Short name fields

7. An exception will be thrown, click on Accept

8. Verify the same using HAALM in Supervisor login

9. An exception error will be thrown. Click on Accept

10. Name has been changed successfully in the Account

RD Loan Amount Disbursement in DOP Finacle

February 12, 2016 RD , RD Loan

RD Loan Amount Disbursement in DOP Finacle

In previous post, we explain how to open RD Loan account in Finacle. You must read RD Loan Account Opening before disbursement. Please click & Read First

RD Loan Account Opening Procedure

RD Loan Amount Disbursement Procedure

After opening the RD Loan Account we have to disburse Loan Amount. LARDD command is used for this purpose. The following procedure of disbursement of RD Loan Amount.

Menu Shortcut - LARDD
GO
The following screen will be displayed. Click and See

Function - D-Disursement
Account No. -
Disbursement Amount -
Mode of Disbursement - Transfer
Credit A/c No.- SB Account or SOL ID + 0340
Submit
The following screen will be displayed

Now the verification will be done by supervisor in same command LARDD.
Menu Shortcut - LARDD
GO
The following screen will be displayed

Function - Verify
Account No.
Submit
The following screen will be displayed.

Now check the Loan Account Balance In HACLI

You can also check the Loan Marking of RD account in HACCBAL.

Error - The Withdrawal Amount Exceeds The Difference Between The Principal and Lien Amount during RD Close in DOP Finacle

February 03, 2016 Errors & Solutions , RD

Error - The Withdrawal Amount Exceeds The Difference Between The Principal and Lien Amount during RD Close in DOP Finacle

An error is coming while RD Account Close like "The Withdrawal Amount Exceeds The Difference Between The Principal and Lien Amount". This error is due to Lien Mark of RD Account. We should first removing the Lien. The process of removing Lien is completed with HALM Command. The following process has to be completed before account close.

Menu Shortcut - HALM
GO
The following screen will be appeared on main screen.

Function - M-Modify
A/C ID -
GO
The following screen will be displayed.

The Lien amount is showing in this account
Now put new Lien Amount as 0 in New Lien Amt column.
Submit
Now verify from same command in Supervisor.
Now you can close the RD Account.

Passbook Printing in DOP Finacle

February 01, 2016 Finacle , MIS , Passbook Printing , PPF , RD , SB , SCSS , SSA , TD

The menu option used for printing passbook in DOP Finacle is HPBP. The following is the step by step process of printing a passbook in Finacle.

Invoke menu option HPBP
A/c ID : ____________
Click Print

Now you will get a screen as shown below, insert the passbook into the printer
Click Print

Click Yes

Repeat the same process for printing the passbook entries.

By default finacle will first print the first page of a passbook for all the accounts (New Accounts & Migrated Accounts ).

For migrated accounts we do not need to print the first page of passbook which is already written or printed in Sanchay Post. So, follow the below steps to print entries of a passbook without printing the passbook first page.