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Process of Reinvestment in Finacle
Thursday, December 25, 2014
- When you want to reinvest any account at the time of closure give the repayment account as "SOLID+0387" so total amount with interest due will be credited into this account.
- Now at the time of opening an account select the transaction type as "transfer " and give the debit account id as "SOLID+0387"
- The remaining amount if any can be given cash or cheque depending on the amount i.e., if it is less than 20000 you can give cash and if it is more than 20000 then give cheque or transfer to customer SB account.
- Invoke CTM if remaining is less than 20000 select "withdraw" and give account number as "SOLID+0387" and give the amount submit and verify.
- Invoke CXFER if the amount is more than 20000 give debit account as "SOLID+0387" and credit account id as "SOLID+0340" or credit into customers SB account.
- Ensure daily before EOD the balance in the account SOLID+0387 should be "zero" this can inquired by invoking the menu HACLINQ give the account number as SOLID+0387 and click on the balance should be "zero"
