Important instruction for Opening of account and subsequent deposit by other Bank Cheque in Finacle
This is regarding streamlining the transactions in office accounts 0382 (For opening of account and subsequent deposit by other Bank Cheque) and 0017 (CLEARING DR. A/C. OUTWARD CLEARING). This streamlining process is to resolve the below issues 1. 0017 office account is used both for outward clearing (by system) and subsequent deposits including RD agent transactions . 2. Several offices are not following cheque clearing process properly and debits for new account are made without proper credits resulting in huge debits in office account (0382). New Procedure to be followed 1. Cheques for New account Opening and Subsequent deposits should be lodged in office account 0382 ONLY (For opening of account and subsequent deposit by other Bank Cheque); from 01/01/2019 onwards. Cheque lodging will be allowed only in 0382. 2. Office account 0017 will be accessed by SYSTEM only for cheque clearing operations wef 01/01/2019 3. Balances in office account 0382 should always b...