FINACLE TRAINING LESSON 13
Recap:
In the previous lesson we
have started learning about interest withdrawal transaction using HTM menu.
Today we will continue with where we have left yesterday.
Please read the previous lesson here before you continue reading this lesson
In the previous lesson I
forgot to tell you about one thing. See the image below.
As you can see in the
image, we have not discussed about Filter. Just keep in mind about this point.
I’ll explain in detail about this later in this lesson.
Now we have stopped in
the previous lesson in the below screen. See the image once.
After clicking on the
check box, the following changes will take place on the screen. Please see the
image below.
What differences did you
notice? Reversing amt changed from 0 to 2900. Total amount will change from 0
to 2900. What is this 2900? 2900 is the withdrawal amount in this transaction.
I want to ask you what
this reversing amount is and what is Reversed amount?
In the beginning of
previous lesson I have told you the process of withdrawal of Interest from
Sundry accounts is called as Reversal. Not only interest amounts, the
process of withdrawal of any amount from Sundry accounts is called as reversal
process.
So that’s why the amount
which is withdrawn from Sundry account in the present transaction is called as
reversing amount. The amount which is already withdrawn is called as reversed
amount.
From this definition of
reversing and reversed amounts we can conclude that we can withdraw partial
amount from a single entry in sundry account.
For example in the above
image the transaction amount is 2900. I said that we can make partial
withdrawals. It means that we can withdraw only 900 from the above entry if we
want to. Not only 900, we can reverse any amount as you wish. But bear in mind
in case of MIS/TD/SCSS only multiples of actual due amount only has to be
reversed.
While migration from
Sanchay post to Finacle, whatever interest is due in Sanchay will be
transferred to Finacle as a single entry. For example, if 3 months interest of
MIS with monthly interest Rs.1000 per month will be transferred to Finacle
sundry as single entry of Rs.3000/-. Same is the case with TD and SCSS also.
Look at the image once
again. To continue with the withdrawal transaction we have to click on the
check box against the transaction and then click on accept. After clicking on
accept we will go back to the first screen as shown below.
In the first screen, just
click on post button to complete the transaction. That’s it. Interest
withdrawal transaction is completed.
I hope you are getting
what I am trying to explain.
In the last step we have
selected the entry and clicked on accept. This entry which we have selected is
the “Additional part transaction”. (If you remember in the beginning we have
discussed about “Additional part transaction details”.)
Now please see the first
image in this lesson. Please see it once and come back here. As you can see in
the image there are 5 options in the filter.
1. PARTIALLY AND UNRESPONDED
2. FULLY RESPONDED
3. OVER RESPONDED
4. PARTIALLY RESPONDED
5. UNRESPONDED
What is the meaning of
these 5 options?
Let us see one by one
now.
1. Partially and unresponded:
Unresponded means those entries which are not reversed. ( If you don’t know
what is meant by reversed please read this lesson again) So unresponded means
those MIS interest entries which are not yet withdrawn. Partially responded
means those entries which are partially reversed or partially withdrawn.
2. Fully responded: Full
responded means those entries which are fully reversed.
3. Over responded: Over
responded means those entries which are paid in excess than the actual amount
in that entry. To check whether any excess payments are made, use this option
in the filter.
4. Partially Responded:
Those entries which are partially withdrawn or partially reversed
5. Unresponded: Those
entries which are not yet reversed or withdrawn.
By default PARTIALLY AND
UNRESPONDED option will be selected in the filter, so that all the unpaid
entries are displayed on the screen.
Try changing these
options and see in the counter and you will fully understand what I am trying
to say.
Hope you have understood
the detailed procedure of MIS withdrawal by cash. The procedure is same for
SCSS and TD also. Just change the sundry account number in the beginning and
follow the same procedure.
In the next lesson we
will see how to transfer interest amount to customer’s SB account.