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

Saturday

How to freeze an account in finacle.

                                   Account Freeze Maintenance

Bank need to freeze the account for various purposes as per the freezing orders by different
types of authorities. Bank itself also freeze the account of customer, if he/she would be a
defaulter. In the Lien marking, we have to put the same on amount, as it is amount specific.
Hence, in case of Freeze Set-up it is event specific mean we will restrict transactions i.e. debit
only, credit only or total freezing.

Now we will see the procedure of freezing the account:


  • Go to the menu option AFSM and enter. Then following screen will appear:
 http://finaclecommands.com
  • Function: F (Freeze) & Press F4
  • Then Enter Customer ID No.
  • Then select Freeze Reason Code & Freeze Code. Press F4.
  • All accounts, which are linked to the given Customer ID would be appeared on screen.
  • Select account numbers by Shift + F4 one by one and Press F10 for commit
  • Account Freeze Set-up is over.

For Verification of Account Freeze Set-up:

  • Go to the menu option AFSM and enter.
  • Function: V (Verify) & Press F4
  • Then Enter Customer ID No. & Press F4
  • All details of freeze will appear. Now verify it and Press F10 for commit.
  • Account Freeze Set-up stands verified.
  • Now we will see the procedure of removal the freeze of account:

For Removal of Account Freeze:

  • Go to the menu option AFSM and enter. Then following screen will appear:
http://finaclecommands.com
  • Function: U (Unfreeze) & Press F4
  • Then Enter Customer ID No. & Press F4
  • All details of freeze will appear. Now Press F10 for commit.
  • Now Account stands Unfreeze.

For Verification of Removal of Account Freeze:

  • Go to the menu option AFSM and enter.
  • Function: V (Verify) & Press F4
  • Then Enter Customer ID No. & Press F4
  • All details of freeze will appear. Now Press F10 for commits
  • Now Unfreezing of Account stands verified.

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