MBF- 407 FINACLE SERVICES

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ASSIGNMENT

 

 

DRIVE WINTER 2014
PROGRAM MBABF
SUBJECT CODE & NAME MBF-407 FINACLE SERVICES
SEMESTER 4
BK ID B 1394
CREDITS 1
MARKS 50

 

 

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

 

 

1.     A garnishee Order for Rs.75000/- is received in an account which shows a balance of Rs.475000/- How you will proceed to block the funds?

 

Answer :

 

 

 

2.     Explain the process in Finacle for issuing mass DDs in Finacle

 

Answer:

 

For issuing mass DDs, the below steps are to be followed:

 

·         Select Menu option DDMI and press Enter

·         Press Function A and F4

·         Enter Transaction Type & Sub-type

·         Enter DD issued Account No (use search option)

·         Fill Purchaser Account No.in Pur A/c

 

 

 

3.     Two attachment orders – one IT and One Sales Tax is received in your customer’s account at an interval of 15 minutes on the same day. How will you process the same in Finacle?

 

Answer:

 

  • Select Menu Option AFSM and press Enter
  • Press Function F <Freeze> and F4
  • Input Customer Id (to freeze all accounts of the customer) or Account Id
  • Select

 

  1. What is Credit Freeze in Finacle?

 

Answer:

 

Credit Freeze is when a customer’s account/s is restricted for any credit type of transactions.

 

 

 

 

  1. What is the need for a Standing Instruction?

 

Answer:

 

Standing Instructions (SI) are instructions for transactions which are repetitive in nature (Monthly/Quarterly/Yearly).  Since the parameters for these transactions will remain the same,

 

 

  1. Explain in Detail what is Bank Induced Sis and Customer Induced SIs.

 

Answer:

 

Bank Induced SIs are those which bank defines to the customer’s account.  For example, Loan Installment repayment or Recurring Deposit payment are Bank induced SIs.

 

On the contrary, there are

 

 

Dear students get fully solved assignments

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help.mbaassignments@gmail.com

or

call us at : 08263069601

 

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