CASH CREDIT / OVERDRAFT ACCOUNTS

Cash Credit accounts are opened under scheme codes defined under scheme type
CCA. Likewise, Overdraft accounts are opened under scheme codes defined scheme type
ODA.
PROCEDURE FOR OPENING CC/OD ACCOUNT
Mandatory information to be entered in CC/OD account opening is
o G General Details
o S Scheme Details
o H Limit Details
o V MIS Codes
Other information which is not mandatory but may be required to enter is
o A Related party details
(like joint a/c holder, Power of Attorney, Authorized Signatory,
Guarantor etc)
Menu option OAAC -

( To Open an Account)

1. Function
2. Customer Id
3. Scheme Code
display a list

O (Open)
Enter the customer id.

User can type CC in this field and press F2. System shall
of valid scheme codes starting with CC characters. User can
select the scheme code by pressing Shift+F4. While selecting
the scheme code, user shall also ensure the GLSubhead Code
under which he wishes to open the a/c. Alternatively, user can
type scheme code in this field; system shall automatically
select GL Subhead code as 61100. In this example, we will
open an a/c under CCOTH scheme code. Press F4. System
shall bring General Details screen.
SUB OPTION G : GENERAL DETAILS
1. Acct Name
System shall automatically display customers name (as per the CUMM
details). System allows the user to change acct name, but during account
verification, system shall raise an exception Account Name Change Excp
<Officer>.
2. Acct Short Name
System shall automatically display customers short name (as per
CUMM details). System allows the user to change acct short name.
3. Mode of Operation (Mandatory)
Press F2 and select appropriate code by pressing Shift+F4.
4. Location Code
Press F2 and select appropriate code by pressing Shift+F4
5. Account Mgr
System shall automatically display this field as per CUMM details. Finacle
user id of the user who is attached to this account can be selected from
the list.
6. Cash Exception limit Dr.
System automatically displays maximum amount in this field (as set by the
Data Centre for the scheme). This means, if the cash debit transaction in the
a/c being opened exceeds the limit as set in this field, system shall raise an
exception. Same concept is applicable for Cash Exception limit Cr., Clg.
Exception Limit Dr./Cr & Xfer ,Exception Limit Dr./Cr.
10. Remarks
Free text field.
11. Collect Charges
System automatically displays Y in this field; which means system shall
collect Ledger Folio and Account Maintenance Charges as and when
applicable. User can change it to N, if no charges are to be collected.
12. Turnover Details
System automatically displays Y in this field; which means system shall
generate turnover details for the account; this value should not be changed.

A/c turnover details can be inquired through menu option ACTI.

13. Relative to staff
Change the value to Y if the customer is relative to any staff member.
14. Relative Staff Id
If the above field is set to Y, then it is mandatory to enter staff id in this
field. User can press F2 and select staff id by pressing Shift+F4. This means,
system shall not allow the staff whose staff id is entered this field to enter
any transaction in this account. Press F6.
16. Passbook/Statement (Mandatory)
Enter P for Passbook, S for Statement or B for both PB & Stmt.
17. Statement Frequency
If S (Statement) or B (Both PB & Stmt) is entered in the above field,
then statement frequency is mandatory.
18. Despatch Mode
If S or B value is entered in Passbook/Statement field, then this field is
mandatory. Valid values are
o A - Post and Email
o B Spl Delivery and Email
o C Collect by person
o D Courier & Email
o P Only Post
o Q Courier
o S Special Delivery
19. Download to PBF
Default value is N. If the ATM/Debit Card is to be issued for this a/c,
then Y shall be entered.
20. Pay Interest
Default value is Y which should be retained (not to be changed to N); as
keeping this value Y will facilitate to refund interest in the account by
the system due to any reason like change of interest rate from backdate.
21. Collect Interest
Default is Y, which shall not be changed.
22. Customer Pref. Interest (Cr) and Account Pref. Interest (Cr)
This should be left blank.
23. Account Pref. Interest (Dr)
If the account preferential interest over or below is to be charged, the
same shall be entered in this field. E.g. If 2% is to be charged over and
above prevailing rate of interest as entered in Int. Rate Code field,
then 2 may be entered in this field; -2 may be entered in this field if 2% less is
to be charged than the prevailing rate of interest.
24. Interest Cr A/c Flag
Default is S, which may not be changed.
25. Interest Dr A/c Flag (Mandatory)
Generally S (Original A/c) itself i.e. interest shall be debited from
the a/c which is being opened.
26. Int. Rate Code (Mandatory)
By default, system shall display ZERO as Int. Rate Code, which
shall be changed. User shall modify this field, which is discussed below.
Lets assume that we are opening a traders CC account to whom we are
granting a limit for working capital trading advances above Rs. 2 Lacs
a. Int. Rate Code
Delete ZERO by pressing Control+F or delete key on keyboard.
b. Press F2.
c. Interest Table Code
Type WC and press F2. System shall display all the interest
table codes starting with WC.
d. Using Up/Down arrow key of keyboard go to WCTA interest table code. Press
Shift+F4 to select the code. Press F4.
e. System shall display various versions created by the Data Centre from time to time.
f. (Optional) To know actual rate of interest that the system would be charging in this

account, press Control+E on the version which user wishes to select for this a/c.
While selecting/exploring on the version, user shall ensure the start date from which
the interest table code is effective. Note the base int. pcnt if any.
g. Option Type D (Debit Slabs) and press F4.
h. Note the value appearing below Ind. Normal. Add this value in base int. pcnt to arrive
at the net interest that would be charged in the account being opened. Press F3
thrice.
i. The system shall come back to interest table version list. Select the proper version by
pressing Shift+F4.
27. After selecting proper Int. Rate Code, Press F4. System shall validate values entered in the
fields, as also it shall check that valid values are entered in mandatory fields and then the
cursor shall appear in Option Code field.
SUB OPTION : S - SCHEME DETAILS
28. Option Code
Delete G and enter S (Scheme Details). Press F4.
29. Dr. Balance Limit
Default value is 99999999999999.99, which should be retained.
30. Max. Allowable Limit
Enter the amount of sanctioned limit. System shall not allow the user to
enter/modify amount in sanctioned limit (H details) field, more than the amount
entered in this field.
31. Credit File No.
Enter credit file No. if any.
32. Debt Acknowledgement Date
Enter the Date of last acknowledgement of debt (BC letter). This date can also be
filled up after the verification of account; to do so use the menu option ACM.
33. Chqs Allowed
Default value is Y. System shall not allow the user to issue cheque book in
the a/c, if N is entered in this field.
34. Charge for Cheque Issue
Default value is Y, which shall not be changed.
35. Press F6 or F4.
36. A/c Health Code (Mandatory)
Press F2 and select appropriate code by pressing Shift+F4.
37. Press F4. System shall bring the cursor to Option Code field.
SUB OPTION : H- LIMIT DETAILS
38. Option Code
Enter H (Limit History Details). Press F4.
39. Limit Level Interest
Default value is N i.e. the system shall charge the interest as
per the Interest Rate Code entered in the G (General Details)
option.
40. Sanction Limit
Enter amount of sanctioned limit. Please note that system
shall not allow the user to enter amount more than the Max.
Allowable Limit as entered in Scheme Details. Press F4.
41. Sanction Date (mandatory)
Enter the date of sanction of existing limit.
42. Expiry Date (mandatory)
Enter the date of expiry of existing limit.
43. Penal Int. From
Enter the number of months/days from the date of expiry of
the limit after which the system shall charge penal interest. If
nothing is entered in these fields, system shall charge penal
interest from the date of expiry of the limit.
44. Document Date (mandatory)
Enter the date of documentation in the account.
45. Review Date
Enter the date of review of limit of this account, if any. This date must be at
least one day prior to the date of expiry of limit.
46. Security Description
Enter the description of security in this account.
47. Remarks Free text field.
48. Sanction Level (Mandatory)

Press F2 for list and select appropriate code by pressing Shift+F4.

49. Sanction Auth (Mandatory)
Press F2 for list and select appropriate code by pressing Shift+F4.
50. Sanction Ref# (Mandatory)
Enter the sanction reference No.
51. Press F4.
52. Drawing Power Indicator (mandatory)
Valid values are
D Derived from Security,
E Equal to Sanction Limit
M Maintained
P Parent.
Description of Drawing power indicators
a.
If D is entered in this field, then it becomes mandatory to attach security to this
account through the menu option SRM, otherwise the system shall always show
DP as 0 (Zero).
b.
If E is entered in this field, then system shall show DP as equal to Sanctioned
Limit.
c.
If M is entered in this field, then the user has to enter value of DP in the Drawing
Power field.
d.
If P is entered in this field, then the system shall derive the DP from Limit Node.
53. Drawing Power % This field is mandatory if DP Indicator is P (Parent).
54. Limit Id
This field is mandatory if DP Indicator is P (Parent).
55. Drawing Power
In case the DP indicator is entered as M (Maintained), then the user shall
enter the amount of DP. In all other case, system shall derive the DP as per the
DP indicator.
56. DACC Limit Absolute
Debit Against Clearing Credit limit is sanctioned as a part of the main limit, if any.
Same can be entered in absolute value in the first field and/or in percentage term
in the next field. If both Absolute and Percentage are entered, then the system
shall allow DACC limit from either of the limits, whichever is lower.
57. A/c Recalled (Mandatory)
Valid values are Y or N.
58. Press F4.
System shall validate the values and shall also check that whether the values in
mandatory fields have been entered. On success, it shall bring the cursor to Option
Code field.
SUB OPTION : V - MIS CODES
In all loan accounts, MIS details is mandatory . The quality of reports/MIS is directly related to
the details entered in this option. User shall meticulously enter valid values in these fields.
59. Option Code Enter V (MIS Codes). Press F4.
In every field, the facility of list is available. User can press F2 for the list and
select appropriate code by pressing Shift+F4. After entering appropriate
codes in the concerned fields, user shall press F4. The system
shall bring the cursor to Option Code field.
60. Option Code
We have so far entered following details .
1- G
(General)
Mandatory
2- S
(Scheme)
Mandatroy
3- H
(Limit)
Mandatory
4- V
(MIS)
Mandatory
These details are mandatory for CC/OD a/c. User can press F10 to commit/save account
details. But, as the case may be, user may require to enter Authorized Signatory, Power of
Attorney, Guarantor, Joint A/c holders details while opening the account. These details can be

entered through option A (Related Party Details).

SUB OPTION : A - RELATED PARTY DETAILS
61. Option Code Enter A. Press F4.
62.
The first screen displays details of Main Account Holder. To enter authorized
signatory, power attorney, joint account holders etc. details, press Down
Arrow of keyboard.
64. Relation Type (Mandatory)
Press F1 for help. The help displays various values for relation codes. P
(Power of Attorney), A (Authorised Signatory), L (letter of Authority), J
(Joint Holder), G (Guarantor) etc. Press Enter on OK button or click mouse on
it. Enter the valid value in this field.
65. Relation Code
Press F2 and select the code from the list by pressing Shift+F4.
66. Dispatch Mode
If the account is enabled for statement, system gives user the option to
send the statement to related parties added through this option. Press F1 for
help. Enter the dispatch mode in this field.
67. Designation Code
Press F2 for list and select the code by pressing Shift+F4.
68. Customer ID
If the related party (joint A/c holder etc.) has a valid cust_id in finacle,
Enter the same here. In that case other details of the party like address, city,
pin code etc. need not be entered.
69. Name (Mandatory)
Enter name of the related party. If the cust_id is entered in the above
field, then the system automatically displays partys name in this field and
does not allow to modify.
70.
If the cust_id of related party is not entered, Address, City, State, Country,
Postal Code etc. of the related party need to be filled in.
71.
If user wishes to enter more related party details, press Down Arrow and
follow the steps 65 to 71.
72.
After entering all related party details, Press F4 to go to Enter option field.
73.
If no other details are to be entered, then Press F10 to commit. System will
display 14 digit account number. Please note it, as it needs verification.
Sometimes system may not display all 14 digits account on the screen.
Account No. consists of following information. E.g. account no. generated by
system is 81588700008336.
SOL id
(4)
8158
Product code
(2)
87
Account No.
(7)
0000833
Check digit
(1)
6
Check digit is also a part of account no. User need not remember all 14 digits. Whenever
user accesses this account, he can simply enter 878336, system will automatically expand it to 14
digits. This facility is provided only when user accesses customers accounts of users own
branch/SOL. User shall enter all 14 digits in account no. field for accounts of customers of other
branch/SOL.
B. VERIFICATION OF NEWLY OPENED A/C
Please note that
The user who has opened the account through OAAC can not verify the account; as Maker
and Checker concept is applicable in Finacle.
During verification of account, no details can be changed, as all the fields are write
protected.
To modify account details of newly opened account before Verification. use menu option
OAACAU function M (Modify).
Menu option OAACAU
1.
Function V.

2.

Temporary A/c No.

Enter the A/C No which is to be verified. User need not enter all
14 digits of account; user can enter short account no. of the account
to be verified. If user forgot to note account no. after committing
OAAC, user can retrieve it by pressing F2 in this field; select the
account to be verified by pressing Shift+F4.

3.

Permanent A/c No.

must not be entered. Press F4 to bring account details.
System shall display General Details of the account. Press F11 twice
(Or click twice on Transmit button) to visit next page. Similarly, visit
the 3rd page. When the user is in 3rd page, press F4 to go to option
code field.

4.

Option Code
Type S and press F4 to visit scheme details. After verifying scheme
details, press F4 to come back to option code field.

5.

Option Code

Delete S and type H. Press F4 to visit limit details. Press F4 to see

DP Indicator/DACC limit details.
Press F4 come back to option code field.
7.
Option Code
Delete H and type V. Press F4 to visit MIS details. After verifying MIS
codes, press F4 come back to option code field.
8.
Option Code
Enter / type A. Press F4 to visit Related Party Details. Press
9.
Up/Down arrow to scroll through the records. Press F4 to come back
to option code field.
10.
Press F10 to commit.
Note : System may display warnings or/and exceptions. If the verifying official has
sufficient work class to override the exceptions, he can press F4. If the user presses F4 and
accept, then only system shall verify the a/c. If the user presses F3, system shall not verify the
account.
6.

Description of some of the Exceptions raised by the system are

1. DFLT INT PARM CHNG <OFFICER> If Interest rate code and/or Preferential Interest in
General Details (2nd Page) are changed/entered.
2. INTRODUCER NOT CUSTOMER <SPL. ASSTT.> In customer ID details (menu option CUMM), the
introducer has not a valid customer id in finacle.
3. ACCOUNT NAME CHANGE EXCP (OFFICER)
If name of the account has been changed while
opening the a/c, with respect to the name as entered in
customer Id details.
4. OVERRIDE DEF. CHK <OFFICER> System automatically displays values in Cash
exception limit (Dr/Cr), Clg. Exception Limit (Dr/Cr) &
Xfer exception Limit (Dr/Cr) in General Details, 1st
page, as applicable to the scheme. If user changes all
or any of the values in these fields, system raises this
exception.
C. MODIFICATIONS IN CC/OD A/C AFTER VERIFICATION
After the account is opened and subsequently verified, user shall use menu option ACM to
change any of the details in the a/c. The modifications done in the account shall be verified by
another authorized user using the same menu option i.e. ACM.
Please note that Interest Rate Code, Sanctioned Limit details and DP indicator, TOD details
can not be changed through menu option ACM.
D. ATTACH SECURITY TO AN ACCOUNT
After opening and verification of an account, user shall create/attach primary and collateral
securities to the account. Please refer to chapter on Security Register Maintenance (SRM).

E. CHECK THE CORRECTNESS OF SANCTION LIMIT AND DP

After verification of CC/OD a/c and attaching primary security to it, it is always advisable to
check sanctioned limit and DP through menu option ACCBAL. In ACCBAL menu option, enter A/c
No. & press F4. System shall display all the details likeSanc. Limit, DP, Available Amt, Secured &
Clean limits, lien, overdue liability etc of the account as on the time user invokes this menu
option.
F. ISSUE OF CHEQUE BOOK
After opening & verification of an account, user shall issue cheque book (if applicable) to
the account holder, through the menu option ICHB. Please refer to chapter on Cheque Book
Maintenance.
G. CHANGE OF INTEREST RATE
During the migration of CC/OD accounts from TBA/PBA packages to CBS, the system places
the rate of interest applicable in the account in Account Pref. Interest (Dr) field & for all such
migrated accounts, the value in Int. Rate Code field is ZERO. This means if user does not
change interest rate, then the account shall always carry absolute rate of interest . Therefore, it
becomes mandatory for the branch to change Int. Rate Code & Account Pref.
Interest (Dr) of all such accounts.
The menu option to change Interest Rate Code and Account/Customer Pref. Interest details is
INTTM. Change of interest rate facility is not available in menu option ACM. Also, after opening
and subsequent verification of an account, if the user wishes to change interest rate in the a/c, he
shall use menu option INTTM.
M (Modify)
A (Account)
Enter A/c No.
System shall display existing interest parameters.
Enter appropriate interest table code. Please refer to point No.
26 of A/c opening.
o Customer Preferential Interest (Cr) and Account Preferential Interest (Cr)
Not applicable for CC/OD A/c. Values in these fields shall be 0
(zero).
o Account Preferential Interest (Dr)
If any preferential interest over and above the prevailing
rate of interest is to be charged, then enter the same in this
field. If any concession is to be given, then enter the value
preceded with minus (- sign).
o Is Interest Pegged
By default, system displays N in this field, which means that
as and when new version of interest rate code is released the
Data Centre, the same shall be automatically made applicable
in this account.
o Start Date
Enter the date from which the above mentioned interest rate
shall be applicable.
o End Date
Enter the date up to which the above mentioned interest rate
shall be applicable.
Multiple interest rates with different start/end dates can be entered in an account. User
shall press Down Arrow of keyboard to add next interest record. Another authorized user shall
verify the modifications done in INTTM, using the same menu option i.e. INTTM, Function V.
o
o
o
o
o

Function
A/c / Bill / Disb
A/c No / Bills / Disb Id
Press F4.
Interest Table Code

H. TRANSACTION IN CC/OD A/C

Detail guidelines are given in Transaction Maintenance chaptor. User can make Cash &
Transfer transactions in CC/OD A/c shall be entered through the menu option TM. Inward Clearing
related transactions shall be entered through menu option ICTM. Outward Clearing related

transactions shall be entered through menu option OCTM.

I. GRANTING OF TOD THROUGH TM
In Transaction maintenance facility of granting Temporary Over draft have already been
discussed. User have to invoke :
Menu option - TM
Lets assume that the user is debiting the a/c either by cash or by transfer. After entering
the transaction particulars like A/c No, Amt, Part tran type, transaction particulars, instrument
type, user shall press F4. The system shall display Eff. Avail. Amt on the right-bottom side of the
screen. By comparing the transaction amount and Eff. Avail. Amt, user can make out that whether
there is a shortfall of any amount in the a/c.
If there is a shortfall in the account and if the user wants to grant instant TOD in the a/c for
this particular transaction, he shall type N (Instant TOD Details) in Specify option field and press
F4. The system shall display Instant TOD details screen. System shall display TOD amount
against the display field Advance Amount. User shall not change Expiry & Penalty date. In the
Permitted By field, user shall enter (or select from the list) finacle user id of the official who
has granted this Instant TOD. Press F4.
J. RENEWAL/ENHANCEMENT/REDUCTION OF SANCTIONED LIMIT
For the purpose of Renewal / Enhancement/ Reduction of Sanction Limit of CC/ OC account
User have to invoke Menu option ACLHM (Account Limit History Maintenance). As also, after
opening and subsequent verification of CC/OD a/c, if user comes to know that the sanctioned limit
and/or DP Indicator were not properly entered, then he can use ACLHM menu option to modify
sanctioned limit details.
If the limit is to be Enhanced i.e. if the new sanctioned limit is more than the current
sanctioned limit, then before invoking menu option ACLHM, user shall modify the value in Max.
Allowable Limit field in the account of which the limit is to be enhanced.
Menu option ACM
1.
Function M (Modify)
2.
A/c No Enter A/c No. Press F4.
3.
Enter Option Type S (Scheme Details). Press F4.
4.
Max. Allowable Limit Enter the amount equal to the enhanced sanctioned
5.
limit. Press F4.
6.
Press F10 to commit.
Another authorized user shall verify these modifications done in the account, using the same
menu option i.e. ACM, function V, enter a/c no, press F4, check whether the Max. Allowable Limit
is properly entered, press F10 to commit. After completing the above exercise (applicable for
enhancement of sanctioned limit), user shall invoke menu option ACLHM for enhancing the
sanctioned limit.
1. Function 2. A/c No.
3. Operation
4. Option
5.Applicable Date
6.Sanction Limit
7.Limit Level Interest
8.Supercede?

M (Modify)
Enter A/c No.
S (Sanction Limit). Press F4. The system shall display all the
sanctioned limits available in the A/c. Using Up/Down arrow key go to
the required sanctioned limit record.
Type M (Modify). Press F4.
Enter the date from which the modified limit shall be applicable.
Enter the new sanctioned limit.
Default value is N, which shall not be changed.
This is a protected field in modification mode. If user uses have to
choose function code.
-A
Add
-C
Copy
then this field automatically gets activated; if user enters Y in this
field, then the previous limit, if any, get superceded by the new

sanctioned limit.
Press F4. System may display a message Sanction Limit exceeds the
maximum allowable limit specified for this account & shall not
proceed to next block, if the above exercise (modification of max.
allowable limit field for limit enhancement) as discussed in the
beginning of this topic is not done before invoking this menu option.
10.
Enter the details as applicable in appropriate fields.
After doing necessary modifications, press F4. The cursor shall appear in option field.
Press F10 to commit. The addition/modification done through ACLHM shall be verified by
another authorized user using either the menu option ACLHMAU or ACLHM and Function V.
9.

M. CHANGE OF DP INDICATOR / DACC LIMIT / A/C RECALLED

The account is deriving the DP from the security attached to it. That is, in the a/c, the DP
indicator in H (Limit Details) is set to the D (Derived). As regards, in this case SRM record must be
created for this account to make the DP available.
Now, the party wants that the DP be derived from the corporate limit set for it and not from
the security. To make such facility in this account, user needs to change the DP indicator from D
(Derived) to P (Parent), provided the limit tree has already been created for the customer. This
change can not be done through menu option ACM (Customer Account Maintenance).
Menu option ACLHM (Account Limit History Maintenance)
1.
2.
3.
4.
5.
6.

Function
M (Modify)
A/c No
Enter A/c No. of which DP indicator is to be changed.
Operation
D (Drawing Power /DACC limits/Recall Flag). Press F4.
Option
M (Modify). Press F4. The system shall display DP and DACC details.
Applicable Date Enter the date from which the DP shall be made effective in this
account. System accepts any date <=todays (BOD) date. Press F4.
Drawing Power Indicator
Change the DP indicator as the case may be. Valid DP
indicators are D (Derived), E (Equal), M (Maintained) & P (Parent).

7.

If the DP indicator is changed to P (parent), then Drawing Power%

shall be entered accordingly & Limit Id shall be entered.
8.
If the DP indicator is changed to M (Maintained), then
Drawing Power shall be entered. In all other cases, (i.e. D, E & P),
system shall automatically derive the DP.
9.
Press F4. The cursor shall appear in option field.
10.
Option
Press F10 to commit.
Another authorized user shall verify the changes done as above through menu option
ACLHMAU or ACLHM, function V. In the similar way, the same process shall be followed to
change DACC limit or recalling the A/c. The changes done in ACLHM shall be verified by another
authorized user to bring them into effect.

N. ACCOUNT TURNOVER INQUIRY

In case User need to monitor the turnover details of CC Account for observations. The menu
option to inquire the same is ACTI (Account Turnover Inquiry). System shall allow to inquire about
turnover details only if the Turnover details flag is set to Y in General Details . If it is not set to Y
while opening the account, user can change it through menu option ACM.
Menu option ACTI
1.
A/c No
2.
Start Date
3.
End Date -

Enter the A/c No.

Enter the date from which user wishes to see turnover details.
Enter the date up to which user wishes to see turnover
details.
If the user wishes to see the turnover details from the

5.
6.
7.

date of opening (or the date of migration) till date, both the
date fields shall be left blank.
Press F4. System shall display month-wise turnover details in
the account.
User shall press Control+E (Explode) on a record of which he
wishes to see more details.
System shall display Credit & Debit details of the account for
the selected period. These details include total balances, total
days, Avg. Balances, highest balances, minimum balances,
total number of transactions, total transaction amounts,
Interest accruals, TOD details, Inward & Outward clearing
details along with returning etc.

O. INTEREST APPLICATION IN CC/OD.

Normally Interest application is done by Data center on a regular intervals by way of Batch
jobs . But in certain cases, it may be required to apply interest in an individual account by the
branch/SOL. User shall use menu option INTRUN (Interest Run for Individual Account) or ACINT
(Interest Run for Accounts).
1. Currency Code
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.

Enter the currency code of the account. User can select the code
from the list.
Account Number
User shall enter account number in 14 digits.
From Date
Enter the date from which the interest is to be applied/calculated. The
valid date formats are dd/mm/yyyy, dd.mm.yyyyy or dd-mm-yyyy.
To Date
System shall automatically display todays (BOD) date.
Value Date for Trans - System shall automatically display todays (BOD) date.
Post Transaction? Enter Y if the system shall automatically post the transaction; enter N
for trial run.
Freq. Based Int Run Enter N.
Dr./Cr. Interest
Enter D (Debit).
Adhoc mode
Enter I for Interest Recalculation, or A (Adhoc) is actual interest
calculation is not to be done.
Report to (mandatory) Free Text field.
Press F4.
The system shall display another screen. Press F4. The system shall
display print parameter acceptance form.
Fore/Background
Enter F.
Print Reqd
Enter N if printer is not physically connected to the computer. Press
F10 to commit. Now User can view the interest calculation report
through menu option PR.

P. CLOSURE OF CC/OD A/C

a. Ensure that the Pay Interest flag is N in the account.
Menu option - ACM
1. Function
M (Modify)
2. A/c No.
Enter A/c No. Press F4.
3. Enter Option
Enter 0 (zero) i.e. General Details. Press F4. Press F6.
4. Pay Interest
Delete Y and enter N. Press F4.
5. Enter Option
Press F10 to commit.
6.
Another authorized user shall verification this change through same
menu option.
b. Ensure that all the securities are deleted through menu option SRM.
Menu option SRM
1. Function
M (Modify)
2. Linkage type
A (Account). Press F4.
3. A/c No.
Enter A/c No. Press F4. System shall display all the securities
attached to the account.
4.
Press Shift+F4 to select the security record to be deleted. System
shall display security details & the cursor shall appear in Enter
Option field.

5. Enter Option
6.

Enter D (Delete), press F4 and then Press F10.

Follow above steps if more than one security is attached to the
account.
7.
Another authorized user shall verify deletion of
securities through SRM.
c. Ensure that there are no Standing Instructions pending/outstanding on the account.
Menu option - SII (Standing Instructions Inquiry).
d. Ensure that there are no transactions in entered (but not posted/verified) state in the
account. Menu option FTI (Financial Transactions Inquiry).
e. Ensure that the cheque book(s) issued in the account are destroyed. Menu option
CHBM (Cheque Book Maintenance).
F. COLLECTION OF PENDING CHARGES AS A/C CLOSURE PROCESS
Menu option
1. Function
2. Acct Number
3. Trial / Actual
4.
5.
6.

CACC (Closure of Account Charge Collection).

Before invoking this menu option, please check that sufficient
balance is available in the account to debit the charges.
Z (Account Close)
Enter A/c No.
A (Actual). Press F4.
The system shall display a list of charges to be collected
during closure of the account. Press F10 to commit.
Another authorized user shall verify these charges collection
through the same menu option i.e. CACC, function-V.
While verifying (after pressing F10) the CACC, system shall
automatically post the transaction, provided there are no
exceptions encountered by the system and the user verifying
CACC is authorized to post the transaction; otherwise system
shall create the transaction in entered state and shall display
the tran_id. User shall view OFTI POST REPORT through
menu option PR. If the transaction is in entered state, an
authorized user shall post/verify the transaction through
menu option TM.

g. INTEREST APPLICATION DURING CLOSURE OF ACCOUNT

1. Menu option
2. Function
3. A/c No
4.

5.

6.

CAAC (Close an Account)

Z (Close an Account)
Enter A/c No. Press F4.
If the interest calculation is not up to date, system shall
display Y in Run Int. Calc. Now. System shall also display
other important information like Cust_id, A/c open date, A/c
balance, Interest rate code, Last interest date, pending
authorization, pending trans & amt, pending SI trans & amt
(standing Instructions) etc.
Press F4. The system shall calculate up-to-date interest and
post the transaction (if the user is authorized to post the
transaction & there are no exceptions encountered by the
system during the process); otherwise system shall create the
transaction in entered state.
User shall press F3 and quit from CACC. Please check the
reports through PR and post / verify transaction through
menu option TM.

h. CLOSURE OF CC/OD ACCOUNT

After interest application , Invoke menu option ACCBAL / ACLI to see the liability in the
account. The account shall be credited with the amount of debit balance through TM and
post/verify transaction. i.e. Account balance should be ZERO before closure of the account.

Invoke Manu option CAAC

o Function
o A/c No

o
o
o

Z (Close an Account)
Enter A/c No. Press F4.The system shall, by default display N
in Run Int. Calc. Now and the field will be in protected mode
and shall also display a message Interest calculation is up to
date. Press F4.
Remarks
Enter remarks if any.
Close option
Press F10 to commit.
Another authorized user shall verify closure of account through menu option CAACAU,
function V.