Wrong Entry & Verification of Instruments in Outward Clearing Zone

Sometimes we may entered instruments in a outward clearing zone and verify the same erroneously. Here is the solution. 

If  zone is released then it cannot be modified or deleted or transferred. If zone is not released and regularized then do as follows:- 

1. Use the menu option MCLZOH & open a new zone with same zone code but next date. 
2. Then use the menu option TROFSETS function "T" and enter the set number details which need to be deleted, then enter the details for new zone in which you have to transfer the set and press F4 and then F10, this will give new Set Number which will be in "Unverified" status. 

3. Use the menu option OCTM, enter the new zone details and delete the new Set Number.

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Finacle Commands for Managing Clearing Cheques/ Drafts/ Pay Order /Bills etc

Before going in to Clearing menus and commands lets first understand what clearing is in Banking world. let suppose ,you are a customer of a Bank say State Bank of India (SBI) and A you get a check in your name from some one else that is cheque of say Bank of India (BOI), then the process to clear the cheque and get the amount deposited in your SBI account is , you have to approach to your Branch in SBI, and SBI sent the Cheque to their Service Branch and ultimately Service Branch SBI has to claim this amount from  the Branch of Bank of India (from the Branch where the cheque was issued  which is drawee  in banking terminology) through Bank of India's Service Branch .

 and here the Clearing House comes in to the picture . in a city the clearing center or clearing house is maintained/managed by one bank and  different banks participated in it .it operates under the guidelines of the Central Bank of a country .( in india it is Reservce Bank of India).

      Bankers' clearing house is an organization that transfers money between member banks, originally to clear checks.in the above example to send instruments (cheques,demand drafts or pay order )for collection to other bank is known as Outward Clearing , so here SBI processes the Outward Clearing operation and the Drawee Bank (here BOI), who has to pay by debiting its own customer's account , is known as Inward Clearing. in example BOI processes Inward clearing Operation.

Outward Clearing finacle commands: 
    HCLZCM – Clearing Zone Code Maintenance
    MCLZOH – Maintain Clearing Zone
    OCLODGE – Outward Clearing Transaction Maintenance (ONS Mode)
    OCTM – Outward Clg Transaction Maintenance (Web Mode)
    IOCLS – Inquire On Clearing Transactions Sets
    HOIQ/OIQ – Outward Clearing Instrument Inquiry
    HOPQ – Outward Clearing Part Tran Inquiry
    HMARKPEN – Mark Pending (ONS Mode)
    MARKPEND – Mark Pending (Web Mode)
    REVPEND – Revoke Pending
    PCLSO – Print Clearing Schedule
    CTCM – Clearing Transaction Code Maintenance
    ICRCM – Inward Clearing Reject Code Maintenance

   Inward clearing finacle commands:

    HICZCM – Inward Clearing Zone Template Maintain
    MICZ – Maintain Inward Clearing Zone
    HICTM – Inward clearing Transaction Maintenance (ONS – Mode)
    ICTM – Inward Clearing Transaction Maintenance (Web Mode)

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