Outward Cheques for Collection. Outward Cheque for Collection (OCC) Table of Contents Introduction...

Outward Cheques for Collection

Outward Cheque for Collection (OCC)

Table of ContentsIntroduction

Slide 2

Introduction Business Scenario Finacle CBS Process Overview Step by Step Process Demonstration Summary

Outward Cheque for Collection (OCC) Slide 3

Introduction

Lesson Objective

Duration

Intended Audience

To understand the lodgement, realization and dishonouring of an outstation cheque for collection

1 Hour

Counter PA/Customer Service


Business Scenario

A Customer of your PO/SPO who has a saving banks account, presents an outstation cheque drawn on another bank for collection. You will have to lodge the cheque procedurally and send it for collection. How can Finacle CBS support this process ?

Let us see the generic process in detail for Outward Cheque for Collection.


Finacle CBS Process Overview

The approaches for Outward Cheques for Collection in Finacle CBS:


Step by Step Process – Lodgement

Given below is the step by step process to perform the lodgement, realization or dishonouring of the outward cheques for collection in Finacle CBS:

Invoke the menu option HIRM (Inward Remittance Maintenance) to lodge an outward cheque for collection by selecting the function as G – Lodge.

Enter the remittance type and currency and then click Go.

Enter the instrument details and bank details in the details screen and then click Submit.

Remittance ID gets generated.

The remittance ID is to be verified by supervisor using the same menu HIRM.


Step by Step Process – Realization

Given below is the step by step process to perform the lodgement, realization or dishonouring of the outward cheques for collection in Finacle:

Invoke the menu option HIRM (Inward Remittance Maintenance) for the realization of an outward cheque for collection by selecting the function as R – Realize.

Enter the remittance ID and click Go.

The realization of an outward cheque for collection is to be verified by another user using the same menu HIRM.

Visit event details, realization details and transaction details and then click Submit.


Step by Step Process – Dishonouring

Given below is the step by step process to perform the lodgement, realization or dishonouring of the outward cheques for collection in Finacle:

Invoke the menu option HIRM (Inward Remittance Maintenance) to lodge an outward cheque for collection by selecting the function as N – Dishonour.

Enter the remittance ID and click Go.

The dishonouring of an outward cheque for collection is to be verified by another user using the same menu HIRM.

Visit event details, realization details and transaction details and then click Submit.


Demonstration


Congratulations!! You have successfully completed the lesson on Outward Cheques for Collection using Finacle CBS. Following are the summary of important points discussed in this lesson: Outstation cheques collection process in Finacle CBS facilitates tracking the collection and accounting the realization proceeds to the customer account.Outstation cheque collection process is supported by HIRM menu in Finacle CBS.Use the option G for lodgement, R for realization and N for dishonouring a collection cheque.All these processes need verification by a supervisor.Charges are to be credited at the time of collection.Multiple cheques can be lodged for single collection.

Summary


Any Questions?

Outward Cheque for Collection (OCC)

THANK YOU!

Slide 12

Outward Cheques for Collection. Outward Cheque for Collection (OCC) Table of Contents Introduction...

Documents

Transcript of Outward Cheques for Collection. Outward Cheque for Collection (OCC) Table of Contents Introduction...