Thursday, June 13, 2013

Opening of Savings Account

In Finacle, Savings account scheme has been defined under the scheme type SBA. Scheme type is a broader classification that enlists the various features governing the pattern of the scheme.


Web Menu : OAAC  ONS Menu : HOAACSB

Opening a SB Account Step-By-Step

01. OAAC -  Enter
02. Function O - F4 - Cust Id - F4
03. Scheme Code - F2 - Scheme Type - SBA  - F4 - Select Account Type ex: SB101 - Shift+F4 - F4
04. Select Mode of Operation - F2 - Choose 'Self' - Tab - Location - F2 Select Urban - F4
05. Passbook/Statement - S - F4 - Interest Cr Account Flag - S (Original Account) - F4
06. Interest Dr Account Flag-  S - F4 -  Local Calender - N - F4
07. Frequency - M (Monthly) - Tab - Tab - 31 (date) - N (in case of holiday) - F4
08. Dispatch Mode 'A' - F4 -
09. Next Inst Calc Date Dr - (Last Day of the Current Month) - F4
10. Next Inst Calc Date Cr - (Mention Current Half Yearly End Date) - F4
11. Enter Option - 'S' (Scheme Details) - F4
12. Select Nomination - Y - F4
13. Enter Option 'N' (Nomination Details) - F4 - Name - F4 - Relationship - F4
14. Reg No (maintained manually at branch) - F4 -
15. Mention Address - City - PIN - Country - Post Code - Tab 
16. If Minor - N (if Yes then Enter DOB and Guardian details) - F4
17. Now back on Main Screen, Press F10
18. System will create a Temp A/C ID (Ex: zz230337) Note down the ID and send for verification.

Verification of SB Account

01. OAACAU - Enter
02. V - F4 - Temp A/c ID - F4
03. Now on General Details Option (G), Press F6 - F6 - F4
04. Enter Option 'S' - F4 - F4
05. Enter Option 'N' - F4 - F4
06. Finally Press F10

System may show some warning/exception like:

A/c Balance below the required minimum
Introducer not Customer / New Customer

Now Press F4 Authorise and it will generate 14 Digit Permanent A/C No











(Note: Modification before Verification must be done by the user who created the TEMP ID. Once account verified then Modification can be done through ACM Only)