THIS BLOG IS BASED ON COMPLETE KNOWLEDGE ABOUT FINACLE COMMANDS,TIPS AND TRICKS.

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HOW TO CLOSE ACCOUNT IN FINACLE

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For Closing an Account, following steps are to be taken:

Step 1:
  • Inquire following contents from ACCBAL:

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  • Go to the menu option ACCBAL and enter. The following screen will appear:
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  • Ensure that Effective Available Balance in the account.
  • In the above screen, no balances in any components should be there e.g. Funds in Clearing, Float Balance, Any type of TOD limit, Lien Amount and System Reserved Amount etc.

Step 2:
  •  Ensure some Other Inquiries as follows:
i. The account is not having any Standing Instructions.
    ii. No Bills has been lodged in the account
      iii. The account has not linked with any Loan Account for EMI payments.

      Step 3:
      •  Modify the ATM / Debit Card Linkage:
                              For Modification of ATM / Debit Card Linkage Flag
                              Menu Option                                                   ACM
      •  Go to the menu option ACM and enter. The following screen will appear:
      http://www.finaclecommands.com/

      • Function: M (Modify) and enter Account No. and Press F4
      • In Option, enter ‘0’ (Zero) for modifying General Details. By pressing F6 to go to the next screen (2nd Screen).
      • In the field ‘Download to PBF,’ the existing value is ‘Y’. Delete ‘Y’ and enter ‘N’ –No then Press F4 for accepting General Details.
      • Finally, Press F10 for commit.
      • Verify above details first.
        Step 4:
        • Verify the modification in ATM / Debit Card Linkage:
                             For Verification of Modification of ATM / Debit Card Linkage
                             Menu Option                                                                ACM
        • Go to the menu option ACM and enter. The Account Maintenance screen will appear
        • Function: V (Verify) and enter Account No. and Press F4
        • In Option, enter ‘0’ (Zero) for modifying General Details. By pressing F6 to go to the next screen (2nd Screen). Verify details and Press F4 for accepting General Details.
        • Finally, Press F10 for commit. At this stage, verification is over.

        Step 5:

        • Destroy the Unused Cheque Books’ Leaves (If Cheque Book facility had given to Customer):
                          For Destroying Unused Cheque Book Leaves
                          Menu Option                                        CHBM
        • Go to the menu option CHBM and enter. The following screen will appear:
        http://www.finaclecommands.com/
        • Function: D (Destroy) and enter Account No. and Press F4
        • Enter the Begin Cheque No. and No. of Leaves of existing Cheque Book Series. Then Press F4.
        • The Current Status ‘UNUSED’ of every leaf converts in New Status as ‘DESTROYED’ (as shown in above screen).
        • Finally, Press F10 for commit.
        • Verify, above details first.
        Step 6:
        • Verify Destroying Unused Cheque Book Leaves
                                      For Verification of Destroying Unused Cheque Book Leaves
                                      Menu Option                                                        CHBMAU
        • Go to the menu option CHBMAU and enter.
        • Function: V (Verify). Enter Account No. / Begin Cheque No. and Press F4.
        • The screen as above will appear.
        • Finally, Press F10 for commit. At this stage, verification is over.
        Step 7:
        • Calculate Account Closure Charges:

                       For Calculation of Account Closure Charges
                       Menu Option                                      CACC
        • Go to the menu option CACC and enter. The following screen will appear:
        http://www.finaclecommands.com/
        • Function: Z (Close) and enter Account No. and Press F4
        • In the field Trial/ Actual, if you put ‘T’- Trial and Pressed F4, so you can view how many charges will be towards account closure. And, if you put ‘A’-Actual and Pressed F4, so the system calculates the closure charges.
        • Finally, Press F10 for commit.
        • Verify, above details first.
        Step 8:
        • Verify Calculated Account Closure Charges:
                              For Verification of Calculated Account Closure Charges
                              Menu Option                                                        CACC
        • Go to the menu option CACC and enter.
        • Function: V (Verify). Enter Account No. and Press F4.
        • The screen as above will appear.
        • Finally, Press F10 for commit. At this stage, verification is over.
        Step 9:
        • Closing an Account:
                             For Closing an Account
                             Menu Option     CAAC
        • Go to the menu option CAAC and enter. The following screen will appear:
        http://www.finaclecommands.com/
        • Function: Z (Close) and enter Account No. Then Press F4
        • In the field ‘Run Int. Calc. Now?’ – enter ‘Y’ for Interest Calculation and Press F4.
        • The following screen will appear:
        http://www.finaclecommands.com/
        • In the above screen enter closure remark and Press F4
        • In Close Option enter ‘P’ for posting the closure transaction and Press F4.
        • Then Transaction Maintenance Screen will appear.
        • Function: A (Add) and Press F4
        • Type/ Sub-type: C-NP or T-CI as case may be and Press F4
        • Enter Closure Account No. and Press F11, then the account balance will appear.
        • Enter the whole amount of balance as payment.
        • Enter Instrument Type, Number and Date and Press F4
        • Post the transaction (both debit and credit part-tran) and Press F10 for commit
        • The DC number appears on the screen.
        • Now, Press F3 twice for quitting the TM screen.
        • You will appear on the ‘Close Option’ again of CAAC screen.
        • Now, Press F10 again for ‘Close the Account’.
        • Account stands closed at this stage.
        Step 10:
        • Verification of Closure of Account:
                            For Verification of Closure of Account
                            Menu Option                      CAACAU
        • Go to the menu option CAACAU and enter.
        • Function: Function: V (Verify) and enter Account No. Then Press F4 The details screen of closure will appear.
        • Press F4 twice for accepting details.
        • In close option, the cursor will blink. Now Press F10 for commit
        • At this stage, the closure of account stands verified.
        • Then verify the DC No. of closure transaction through TM.

        THANKS FOR READING☺️

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