Wednesday, November 14, 2012

Finacle Command - TM for Transaction maintainance Part - I

TM (TRANSACTION MAINTENANCE) -  finacle command for Transactions
In day-to-day banking operation various customers are making transactions in their accounts.These transactions are either debit transactions or credit transactions. Customer makes these transactions by the way of depositing cash, withdrawing the cash or issue the transfer from one account to another account of himself or another customer.  This finacle command is used for  :- 
  • CASH DEPOSIT
  • CASH WITHDRAWL
  • TRANSFER
We can say  ACLI (Account Ledger Inquiry ) is the maiden command In finacle  , and next to learn immediate command  for any Banker is  TM (Transaction Maintance ). By using this finacle command we can create  a transaction for Cash Deposit , Cash Withdrawal , and Cash transfer from one account (Customer/office a/c) to other.

But before going in to details of this command lets first know the basics of the Maker -Cheker concept which is used extensively in finacle.Maker-checker (or Maker and Checker, or 4-Eyes) is one of the central principles of authorization in the Information Systems of financial . Here the segregation of duties plays an important role. In this way, strict control is kept over system software and data keeping in mind functional division of labor between all classes of employees.

Any transaction in Finacle has to be processed by different user i.e. same user cannot enter/Post and Verify the transaction. In other words there is  maker checker concept by two different user IDs.

In a Transaction in accounting procedure there are two basic parts  Debit and Credit. and in finacle a Transaction can have following state:
1. E - Entered 
2. P-  Posted 
3. - Reset
4. D - Deleted
5. V - Verified

1. E - Entered 
  • Transaction is in (E) entered state , actual transfer of fund not take place, accounts will be not updated in the database at server end
  • Transaction can be Reset and Can be deleted.
2. P-  Posted 
  •   If Transaction is in (P) Posted state, transfer of fund take place with immediate               effect and both accounts get updated in the database at Server end.
  •   Transaction once Posted ,can not  be Reset and Can not be deleted.
3. - Reset
  • It reset a Transaction from Entered state / Posted State.4. D - Deleted
  • When a transaction or part transaction is deleted , it will be in deleted state.
5. V - Verified
When a transaction is verified by another user , it will be in Verified state.

While creating a Transaction  following functions are used. for creating a new Transaction (Deposit/Withdrawl/Transfer) we use function A . and when we want to copy a transaction we can use function C , after creating transaction i

FUNCTIONS:
A- ADD
C- COPY
D- DELETE
I - INQUIRE
M- MODIFY
V- VERIFY
R- RESET

SUB TYPE
The Sub Type Transaction specify mode of the Transaction.
  •  i.e for Payment by a Cashier to a Customer , the Cashier uses NP ( Normal Payment ) for debitting his Customer's account and credit Teller acccount and for reciept , the cashier used NR ( Normal Reciept) for receiving  cash from the Customer and credits customer account by debitting Teller account.
  •  if a customer account has to be debitted or credited in a transaction we have to use CI ( Customer Induced) 
  • if any Office account has to be debitted or credited in transaction we can use BI (Bank Induced)
Frequently used Different Subtypes:
Though Different Banks have numerous Sub Types for different Purpose following are the frequently Used Sub Types.
C-CASH
L-CLEARING
T-TRANSFER
NP-NORMAL PAYMENT   
NR-NORMAL RECEIPT
CI-CUSTOMER INDUCED
BI- BANK INDUCED
EO- ECS Outward Transaction
EI - ECS Inward Transaction 

Instrument Type :
Instrument Type in a transaction can be Cheque (CHQ), Withdrawal Slip (WD) , Debit Voucher (VD), Credit Voucher (VC)

TO CREATE THE SECOND LEG of a Transaction :
To create the second leg of a Transaction press DOWN ARROW - 
E-ENTRY
P-POSTING
V-VERIFY

Q AND F4 - For Quitting the Transaction.


12 comments:

  1. Hello sirr......
    Only one question:-)
    How to change the coloration of user interface.....
    Bcoz here I have seen U R using red one. How will I be able to change it?

    ReplyDelete
  2. Dear Group Members,

    Any one know how can generate NRO TDS(NROFD AND NROSB) report from FINACLE ? date wise, intrest amt and tds amt ? i required this report for ETDS upload.

    ReplyDelete
  3. how to create joint account in finacle

    ReplyDelete
  4. how can i see joint holder in TM menu ,any options there please reply

    ReplyDelete
    Replies
    1. joint a/c holders name normally come from the cust id name whichever you took for the a/c creation
      for joint a/c the two or three cust ids are to be created (depending on the number of applicants)

      if there are two applicants then separately 2 ids to be created first then in the first cust id ..both the name must be written like mr. ABC and XYZ and allthe details of the first applicant..
      now when creating the a/c opt for the first cust id with the both names (avoid shri and all otherwise it will not come in full )

      Delete
    2. first type a/c no. and then press "cntrl+e".....it shows the ACM menu of that a/c.then you can see "A" sub menu for all joint customers.

      Delete
  5. Sir,
    How can we customize the finacle's interface. I want to change the background colour of finacle, can you please help me out???

    ReplyDelete
  6. how to edit particular/remark field in finacle back dated transactions

    ReplyDelete
  7. AT BSL HO ISSUED RS 60000/- KVP DENOMINATION 10000 X 6 BUT ONE ENTERED TRANSACTION ID NO IN1094789 BY MISTAKELY DELETED , PLEASE REALEASE THE SAME ID FOR VERIFICATION.AND KINDLY GUIDE US

    ReplyDelete
  8. what's the full form of DL as in DL24367?

    ReplyDelete
  9. Can i make entry in back dated . Suppose i have to deposit 5 crore in 1 months back date. Is there any possibility. If bank manager is my friend.

    ReplyDelete
  10. "Mortgage Loan Software is very important when you are working in a mortgage industry. All the loan officers, mortgage brokers and loan processors need a way to organize and keep track of all their loans in their pipelines"!!

    ReplyDelete

Posts Category wise :

      CBS Manual – Finacle Menus/ Commands for your ready reference

 

·         Huge Collection of 938 Finacle Menus

·         286 Selective Finacle Menu options

·         Category wise Commonly used Finacle Menus

·         Finacle Menu options/ Commands for Bank Auditors

·         Frequently used Function keys in Finacle

 

      Customer ID & Account Opening related Menu Options / Commands

 

·         Customer ID creation and Verification in Finacle by using CUMM menu

·         Customer ID creation in finacle in short by using CUMM menu

·         Changing Customer ID of a Customer

·         Account Opening (Savings/Current) in Finacle using menu option OAAC

·         Account opening in Finacle – in short

·         Frequently asked questions related to Customer ID  and Account Opening

 

      Demand Draft / Pay Order related Menu Options / Commands

 

·         Issuing a Demand Draft using Finacle Menu options TM

·         Issuing Multiple Demand Draft / PO using Finacle menu option TM

·         Printing Demand Draft / PO using menu option DDPRNT

·         Cancellation of Demand Draft  in Finacle using menu option DDC

·         Marking a Demand Draft Lost and issuing Duplicate DD

·         Inquiry and Reports finacle Menu related to Demand Draft

 

      Miscellaneous Finacle Menu Options / Commands

 

·         Standing Instruction Maintenance using Finacle Menu Options SIM.

·         Creating a Memo Pad in Finacle Part - I.

·         Creating a Memo Pad in Finacle Part - II.

·         Deleting Memo Pad in Finacle

·         Mass Transaction Posting in Finacle using Finacle Menu option TTUM.

·         Freezing & Unfreezing of accounts in finacle using Finacle Menu AFSM

·         Passbook Printing in Finacle

·         Finacle Teller Cash account Maintenance using Finacle Menu GECM

·         Finacle Menu option TM  for Transaction Posting and Maintenance