Table of Contents
What is the menu shortcut for issuing a DD in Finacle?
1. Type ‘DDLOST’ at finacle user menu option block and press . 2. Enter DD number, its date of issue and DD issue tran id (in case multiple records with same DD number and date of issue exist) and press F4.
How can I pay DD in Finacle?
Finacle 10 or Finacle X is the latest buzz in Banking Industry. Some Banks have already migrated to Finacle 10 whereas some are under implementation….Finacle 10 Menus for Demand Draft (DD)
| HDDC | DD Cancellation |
|---|---|
| HDDIR | DD Issue Reports |
| HDDNPADV | DD Not Paid Advice |
| HDDPADV | DD Paid Advice |
| DDPAY | DD Payment |
What is the menu in Finacle?
Bank Audits 2021- Key Finacle Menus For Loans & NPA
| Sr No | Menu | Menu Desc |
|---|---|---|
| 10 | HACINT | Account Interest -Running Account |
| 11 | HAFI | Audit File Inquiry |
| 12 | HASSET | Asset Classification |
| 13 | HATOR | A/cs Turnover Report |
What option is used to verify the DD transaction?
Use DDLOST option to mark the DD status as L-Lost and do DDD to Issue a duplicate DD and use DDREPRNT to print the same.
What is the full form of CIF?
Customer Information File (CIF)
What is scheme type in Finacle?
Various Schemes available in Finacle As per our POSB Rules we have several schemes which are SB, RD, MIS, TD, SCSS, SSA, NSC, KVP, NSS 87, NSS 92 etc. In Finacle we call these as Products. In each product there are different types of schemes.
What is the full form of Ucic?
Availability of a unique customer identification code (UCIC) will help banks to identify a customer, track the facilities availed, monitor financial transactions in various accounts, improve risk profiling, take a holistic view of customer profile and smoothen banking operations for the customer.
Why is DD used?
Both the financial instruments are a secure mode of payment to third party….Pay Order or Banker’s Cheque.
| Instruments | Pay Order | Demand Draft |
|---|---|---|
| Purpose | Pay order is an instrument used to make payment within the same city | DD is used to transfer money by an individual from one city to another person in a different city. |
What is the purpose of DD?
Difference between a Demand Draft and a Cheque
| Basis of Difference | Demand Draft |
|---|---|
| Purpose | To transfer money from one place to another safely |
| Issuance | Issued by the bank itself |
| Bank Charges | Applicable |
| Payable to | Always payable to a specific person |
What is Finacle?
Finacle is a banking software developed by Infosys to assist financial corporations with varying facets of digital banking. Its importance is highlighted by the fact that banking enterprises in over 100 countries rely on Finacle for serving more than 1 billion customers.