Non Usage of Cheque Clearing Module

Dear Sir/Madam,

 

I am directed by competent authority to convey the following

 

It is seen that many POs are not using Cheque Clearing Module in Finacle for Lodging cheques for opening of new account, subsequent deposits. Instead they are debiting office accounts directly using CXFER menu which is incorrect. Certain Hos are using HTTUM for Inward clearing instead of Cheque Clearing Module.

 

Please find below the extract of SB ORDER 5/2016

 

 

It is reiterated that Cheques should be lodged only in Head Office into the relevant office accounts specified for New Account Opening and Subsequent Deposits. Office account 0007 should not be used for cheque clearing process.

 

It is also seen that few POs are transferring amount from office account 0382 to BO settlement account which is incorrect. CPCs/EOD Team may kindly be consulted for resolving issues if any faced during EOD wrt to cheque clearing. Few POs are debiting directly from POSB account manually without following the cheque rejection process.

 

POs are requested to follow the cheque clearing process scrupulously and ensure that validation reports are run invariably. Any discrepancies noticed in validation run to be cleared before Suspension of zone.

 

Please do not hesitate to revert in case of any issues.

 

Thanks and Regards

Gopinath S

Inspector Posts

DMCC

Chennai 600 002