Issuing a Demand Draft using Finacle menu option TM

The  banks  provides  ancillary  services  like  remittances,  safe  deposit  locker,  credit  card  services etc.  The  remittances  services  are  most  important  ancillary  services  in  Banking  Industries.  There are   different   types   of   remittances   like   Demand   Draft,   Pay orders,   Telegraphic Transfer,   Mail Transfer, and Travelers Cheques etc.

Let us discuss the procedure regarding issuing Demand Draft / Pay order in Finacle.

For Issuing Single DD or PO

Menu Option : TM

Go to the menu option TM enter then following screen will appear:


Function: A (Add) and Press F4

Enter DD Issued Account no. & Press F11 ( Note : - This is different and varies Bank to Bank, sometimes in this filed there are customized a/c or word for few Banks just type "DD" and press f4 )

Enter Amount, then ‘C’ as Credit Part-Tran and description and Press F4

After pressing F4 following screen will appear:

In above screen make entry as under:

Create Part-Tran: Y (only applicable in case DD/PO transaction is done first)
Drawn  on:  in  1st  Field  Bank  Code  is  by  default  then  in  2nd  Field  select  the 

Branch code, on which you want to draw the draft.

Enter Payee Name
Enter Purchaser’s Account No. & Press F11 then Press F4
In Print Option put ‘L’ and Press F4

Then  the  screen  of  commission  on  DD/PO  will  appear.  Accept  the  same  by 

pressing F4.

Then you  will appear on 1st Screen of TM. In specify option press down arrow 

and   go   in   debit   part-tran   of   customer   account   then   following   screen   will 

appear:

In specify option put ‘M’-Modify & Press F4 then insert Instrument Type, number and

date. Press F4 again. Then put ‘P’-Posting Requested in specify option & Press F4 in
every part-tran. Finally, Press F10 for commit.

Now, DD Set-up is over. Send the transaction for verification.