Opening Loan Account in Finacle - GIVSHE56 RULE in Shortcut

Dear readers, we have already discussed the procedure of account opening in finacle especially for Savings(SB)/ Current Account (CD). If you are working in Credit / Advance Department in Bank , then you often come across account Opening process related to Various Loan accounts such as Term Loan , Personal Loan or education loan . We would like to present Posts related to the same.

As usual, we would like to present first the Short Cut way of Account Opening for Loans and in our next posts we will cover in details with screen shots.

While we open account for Loans we will follow GIVSHE56 rule in which we have to enter details in the mandatory options as below:

G - GENERAL DETAILS
I - INTEREST DETAILS
V - MIS CODES
S - SCHEME DETAILS
H - LIMIT /SANCTION DETAILS
E - REPAYMENT SCHEDULE
5 - DOCUMENT DETAIL
6 - DSA DETAIL

Opening the Loan Account  ( Web Mode )

Menu : OAAC 

Pres f4 - customer Id - f4 - f2 - in scheme type give LAA - f4 - select the scheme code - shift f4 -f4 - mode of operation - f4 - S - f4 - N - f4 - C - f4

Delete G Put S - f4 - loan amount - tab - Loan period - f4 - Operative Account - f4

Delete S put H - f4 -f4 -Sanction date - expiry date - f4 - document date -f4 -sanction level - tab - sanction by - tab - sanction ref no - f4 - Security details - f4 - E - f4 - N - f4

Delete H put I - f4 - f4

Delete I put V - f4 - Enter the MIS codes - f4

Delete V put 5 -  Enter the Document details - f4

Delete 5 put E -f4 -Enter the Repayment Schedule details - f4

Delete E , put 6 - Enter DSA details (Reference ID for the account ) - f4

Delete E put A- Down arrow - enter the joint names/Guarantor/Co-obbligants details-f4-f10

Verification of Loan A/c Opening ( Web Mode )
Menu : OAACAU 

Enter - V - f4  - give the temp ID - f4 - f4 - delete G put S - f4 - f4 - delete S put H - f4 - f4 - f4 -Delete H put I - f4 -f4 - delete I put V - f4 - f4 - delete V put 5 - f4 - f4 - delete 5 put E - f4 - f4 - delete E put A - f4  -delete A put 6 - f4  f4 - f10 

ONS MENU

Opening of Loan Accounts in ONS Menu ( HOAACLA )

Menu : HOAACLA 

Give the Customer ID > Click on Tree Icon > Click Submit > Select the Scheme Code > Click Accept

General Details Tab

Select the A/c Statement > Specify the Statement Frequency > Dispatch Mode > Next Print Date and Mode of Operation and click Validate

A/c Interest Tab

Click Validate

Scheme Tab

Give the Loan Amount and Loan Period > Give the Operative A/c > click validate

Visit the LA Interest Tab

Flow Parameters Tab

Give the No of Installments and Validate 

Flow Details Tab

Click on Amortization Schedule button for viewing the Repayment Schedule details, you can even take a print.

(You can add the Joint Names / Guarantors Details in Related Party Details )

MIS Codes

Fill up all the necessary Fields and click Validate

A/c Limit Tab

Enter the Sanction Date > Expiry Date > Sanction Authority > Document Date > Sanction Level > Limit Reference No > Drawing Power Indicator and Click Validate.

You can enter the PDC or Documents Details in their respective Tabs and

Finally Click Submit

Verification of the Loan Account 

Menu : HOAACVLA

Function Verify > Give the Temp ID No > Click Accept > Visit all the relevant Tabs and Finally click Submit.