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

Saturday

How to Lien Mark an account in finacle

                           Account Lien Maintenance

In order to earmark funds for any reason the same needs to be blocked and not made available for the account holder. To achieve this objective a Lien for the purpose needs to be done. The process of marking lien for an account can be done through menu option ALM. The process of marking Lien is different from Freezing the Account.

Now we will see how to mark lien on account in Finacle:


  • Go to the menu option ALM and enter. Following screen will appear:
http://finaclecommands.com
  • Function: A (Add) & Press F4
  • Then Enter Account No. and Press F4
  • Then enter Lien Amount, expiry date of Lien and select appropriate Lien Reason Code
  • Input remark, if any in Lien Remark field and Press F10 for commit
  • Lien Set-up is over now.

For Verification of Account Lien Set-up:

  • Go to the menu option ALM and enter.
  • Function: V (Verify) & Press F4 
  • Then Enter Account No. and Press F4 (Note:Make Sure to enter Account No don't Press F2                                                                      otherwise user will get into working mode)
  • Details of lien will appear. Verify it and Press F10 for commit.
  • Account Lien Set-up stands verified.

Now, we will see the procedure of removing the lien of account in Finacle:

  • Go to the menu option ALM and enter. Following screen will appear
  • Function: M (Modify) & Press F4
  • Then Enter Account No. and Press F4
  • Then modify Lien Amount as ‘ZERO’
  • Input remark, if any in Lien Remark field and Press F10 for commit
  • Removal of Lien is over now.

For Verification of Removal of Account Lien:
  • Go to the menu option ALM and enter
  • Function: V (Verify) & Press F4
  • Then Enter Account No. and Press F4
  • Details of lien will appear. Verify it and Press F10 for commit.
  • Removal of Account Lien stands verified.


THANKS FOR READING☺️

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