1.
What is Inward Clearing?
Inward clearing is a cheque drawn by a
drawer (DoP customer) from a drawee bank (DoP) in favor of a customer belonging
to other bank which is the presenting bank.
2.
What is Outward Clearing?
Outward clearing is when cheques drawn by
other bank customers are presented for clearing by presenting bank (DoP) in
favor of their customer (DoP customer) to drawee bank for clear funds.
3.
How do I open a zone in finacle and make entries
in the zone?
For Inward Clearing zone can be opened by
using menu option HMICZ and respective entries can be made in the zone by using
HICTM menu.
For Outward Clearing zone can be opened by
using menu option HMCLZOH and respective entries can be made in the zone by
using HOCTM menu.
4.
What are the steps to be followed in case of
Inward Clearing zone?
In Inward Clearing below step by step
process can be followed:
a.
Open zone in HMICZ using function ‘O’.
b.
Make entries manually using menu HICTM or for
bulk entries use menu HRMI to upload a file.
c.
Authorizer to login and use menu HMICZ menu to
suspend the zone.
d.
Then invoke menu HICTM to verify the entries
uploaded.
e.
Then invoke validation run report in HMICZ.
f.
Check HPR validation report for any
discrepancies in the accounts under clearing.
g.
Then invoke HMICZ revoke the zone so that action
can be taken on accounts with discrepancy.
h.
User to appropriately take action by rejecting
the instruments in HICTM
i.
Authorizer to verify the modified instruments in
HICTM.
j.
Then invoke HMICZ suspend the zone.
k.
Invoke HMICZ check for account statistics and
check for fields received but not listed and listed but not received and make
sure it is zero so that unnecessary credit to short claim and excess claim
account can be avoided. Posting can be invoked after checking the account
statistics screen.
l.
Once posting is complete proceed with closure of
zone in HMICZ.
5.
What if my zone is not getting posted?
a.
Check for error report in HPR.
b.
Check HICTM if all instruments are verified
c.
Check validation status in HMICZ to be complete
6.
How do I check the status of individual
instruments lodged in Inward Clearing from front end?
Invoke menu HICI and give account number
and click on GO.
7.
What if my zone is locked?
Invoke menu HUNLKZ to unlock the locked
zone.
8.
What if duplicate instrument is added in the
zone?
Section
A – shows the Information when the issue is faced.
If duplicate instrument is added in the
zone and user did not check the validation report and posting has been
initiated. In such case system will create a partly posted transaction with
un-posted part tran in entered status and consolidated amount in SHORT CLAIM
account for all the duplicate cheque entries.
Section
B – shows steps to be taken to solve the issue
In
such cases user to follow below approach:
Mark the duplicate instrument as rejected
with appropriate reject reason code. Also see that if any charges are applied
to the customer, the same need to be reversed / amount of the charges to be
collected can be made as “zero” in HICTM screen. Please refer the below
document for step by step process.
9.
What are the steps to be followed in case of
Outward Clearing?
a.
Open zone in HMCLZOH using function ‘O’.
b.
Make entries manually using menu HOCTM or for
bulk entries use menu HCLUPLD to upload a file.
c.
Authorizer to login and use menu HMCLZOH menu to
suspend the zone.
d.
Then invoke menu HOCTM to verify the entries
uploaded.
e.
In case of any bank not participating in return
clearing for Inward invoke menu HMARKPND to markpend all those instruments or
bank as a whole to hold these instruments.
f.
Then invoke HMCLZOH to release the zone to
shadow balance.
g.
For rejection of outward instruments user to
open inward zone OWRTN-MICR.
h.
User to appropriately take action by rejecting
the instruments in HICTM
i.
Authorizer to verify the modified instruments in
HICTM.
j.
Then invoke HMICZ suspend the zone.
k.
Invoke HMICZ check for account statistics and
check for fields received but not listed and listed but not received and make
sure it is zero so that unnecessary credit to short claim and excess claim
account can be avoided. Posting can be invoked after checking the account
statistics screen.
l.
Once posting is complete proceed with closure of
zone in HMICZ.
m.
Similarly in HMCLZOH, initiate regularization of
the zone and proceed with closure of the zone in HMCLZOH.
10.
What if a customer had deposited a non DoPchequein
outward clearing and funds are not available in the account?
User to invoke HOIQ menu to check the
status of the deposited cheque.
Check HACLI to check for field “Funds in
Clearing”.
11.
How do I check the status of inward and outward zone?
Invoke HMCLZOH for outward clearing and
inquire on the zone status.
Invoke HMICZ for inward clearing and
inquire on the zone status.
12.
What if I have all part transactionreleased to
shadow balance have not been posted?
Invoke HMCLZOH to check the status of the
zone. If in released status proceed with regularization.
Invoke HTM and post the transaction.
13.
What if regularization of zone is not happening?
Invoke menu HMARKPND and check for any mark
pending done for any instrument or bank. If record exists, invoke menu HREVPND
for revoking the mark pending done. Post this regularization can be done in
menu HMCLZOH.
14.
What if a wrong date (stale date or future date
which is more than 3 months from existing date) is entered?
User to check validation run report and
modify the record in HICTM and correct the date.
15.
What if accounts in outward clearing have
received the credit and the zone status shows as released to shadow balance?
This is due to mark pend done on some
instruments in menu HMARKPND and regularization done in HMCLZOH where other
than mark pend instruments receive the credit and others remain in released to
shadow balance along with the outward zone MICROW. Invoke HREVPND to revoke the
mark pend and proceed with remaining zone regularization of zone in HMCLZOH.
1 comments:
what is the file format for hrmi
CommentsComment