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So that’s why the amount which is withdrawn from Sundry account in the present transaction is called as reversing amount. The amount which is already withdrawn is called as reversed amount.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.
- PARTIALLY AND UNRESPONDED
- FULLY RESPONDED
- OVER RESPONDED
- PARTIALLY RESPONDED
- UNRESPONDED
What is the meaning of these 5 options?
Let us see one by one now.
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.
Fully responded: Full responded means those entries which are fully reversed.
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.
Partially Responded: Those entries which are partially withdrawn or partially reversed
Unresponded: Those entries which are not yet reversed or withdrawn.
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.
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