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

Introduction Business Scenario Finacle CBS Process Overview Step by Step Process Demonstration Summary. Lesson Objective. To understand the process of Loan against Recurring Deposit (RD) and Public Provident Fund (PPF) in Finacle. Duration. 2 Hours. Counter PA. Intended Audience.

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

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  1. Introduction • Business Scenario • Finacle CBS Process Overview • Step by Step Process • Demonstration • Summary

  2. Lesson Objective To understand the process of Loan against Recurring Deposit (RD) and Public Provident Fund (PPF) in Finacle Duration 2Hours Counter PA Intended Audience

  3. Business Scenario Business Scenario 1 A customer has a Recurring Deposit Account. He wants a loan/Half Withdrawal against his account. How will you sanction loan/Half Withdrawal against RD?

  4. Business Scenario Business Scenario 2 A customer has a Public Provident Fund Account. He wants a loan against his account. How will you sanction loan against PPF? Let us see the generic process in detail for these activities in Finacle CBS.

  5. Finacle Process Overview The approach for managing a Loan Account against RD and PPF in Finacle:

  6. Step by Step Process – Loan Account Against RD Given below is the step involved in managing a Loan Account against a RD account. Invoke the menu option CAOLARD to open a loan account against RD. The account requires verification by another user using the menu option CAOVLARD. Invoke the menu option LARDD for disbursement of the sanctioned amount. Invoke the menu option HPAYOFF menu for closure of the account which needs to be verified using the same menu option HPAYOFF.

  7. Step by Step Process – Loan Account Against PPF Given below is the step involved in managing a Loan Account against a PPF account. Invoke the menu option CLPPFAO to open a loan account against PPF. The account requires verification by another user using the menu option CLPPFAOV. Invoke the menu option CPWTM/ PPFWLINT for disbursement of the sanctioned amount. Invoke the menu option CLPR and HACINT before proceeding with account closure. Invoke the menu option CPDTM/ PPFDPLR for the repayment of the loan and closing the loan account and this process needs verification using the same menu option CPDTM./PPFDPLR

  8. Demonstration

  9. Summary Congratulations!! You have successfully completed the lesson on Loan against RD and PPF account in Finacle.Following are the summary of important points discussed in this lesson: • Invoke the menu option CAOLARD to open a loan account against RD and verify it using CAOVLARD. • For disbursement, use the menu option LARDD. • Repayment and closure of a loan account against RD is done using the menu option HPAYOFF. • Invoke the menu option CLPPFAO to open a loan account against PPF and verify it using CLPPFAOV. • For disbursement, use the menu option CPWTM/PPFWLINT • Repayment and closure of a loan account against PPF is done using the menu option CPDTM/PPFDPLR • Invoke the menu option CLPR and HACINT before proceeding with account closure.

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