Dear readers , we present you the Inward clearing operations in finacle , accordingly today we will discuss whats Inward clearing is and how to open an Inward clearing zone and subsequently we will discuss other functions.
INWARD CLEARING
The branch customers are regularly issuing cheques as payments to third parties.Those collecting banks also lodged these chqeues through their outward clearing to Clearing House. On daily basis Clearing House distributes these collected cheques to all Bank-Branches. Every Bank-branch receives the cheques of their customer for payment from RBI through Inward Clearing. There are also some Zones in Inward Clearing.
Apart from that every Bank-branch gets Outward Return cheques with this Inward Clearing. These cheques are also debited to customer’s accounts through Inward Clearing Zone i.e. Outward Reject Zone.
The cheque collection and maintaining the Inward clearing operation is generally done by a Centralised Back end office i.e Service Branch or Clearing Processing center on behalf of Branches .
Clearing Zone Code
|
Description
|
MICR
|
MICR I/W Clearing
|
NMICR
|
Non MICR I/W Clearing
|
MIRTN
|
MICR Outward Reject
|
NMIRTN
|
Non-MICR Outward Reject
|
For Inward Clearing activity the process is as follows:
Menu Option
|
Function
|
Description
|
MICZ
|
O
|
Open Zone
|
ICTM
|
A
|
Add Cheques
|
ICTM
|
V
|
Verify Added Cheques
|
MICZ
|
S
|
Suspend Zone
|
MICZ
|
R
|
Revoke Suspended Zone
|
MICZ
|
V
|
Validation Run
|
MICZ
|
P
|
Post Run
|
MICZ
|
Z
|
Close Zone
|
MICZ
|
T
|
Validation Report
|
STEP 1:
|
Open Zone of I/W Clearing
|
|
Menu Option
|
MICZ
|
Function: O
|
ReplyDeleteHello 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?
Plz tell how not to debit chq return charges in ictm
ReplyDeletePosting of inward clearing after verification takes huge time to complete.That too takes 2/3 times to complete. Is there any menu for bulk posting where one can complete it in one time? Waiting for an early reply from you.
ReplyDeleteS.R.Sengupta.
senguptasr@rediffmail.com