Finacle steps easy in banking

********** Freezing an Account (AFSM)********** An account can be frozen in the following cases, viz, Court Order, Garnishee Order, Income Tax/Wealth Tax/Gift Tax attachment, Insolvency, insanity, Dispute between the account holders, death of an account holder, etc. The freezing can be of three types. Total freeze, Credit Only, Debit Only. Freeze can be done either at the account level, when only the account is frozen or at the Customer Id level, when all the accounts linked to the customer id is frozen. Menu Option:  AFSM - Select ‘F’ * Freezing an Account Step-By-Step 01. AFSM - Enter 02. F - F4 - Reason (F2 to select) - F4 03. Freeze Code (T/C/D) - F4 04. Ac ID - Tab - Move to Remark Field and Enter Remark - F4 05. Press F10 *  Verification 01. AFSM - Enter - V - F4 02. A/c ID - F4 03. Press F10 to complete the task                  ********** Unfreeze********** When it is found necessary to revoke the re...

    ********** Activation of Dormant Account********** When there has been no financial activity for a long period of time, other than posting of interest, an account can be classified as dormant. Once the account turns dormant you cannot operate account like money cannot be withdrawn, cheque clearance etc. Statute of limitations usually does not apply to dormant accounts, and funds can be claimed by the owner or beneficiary at any time. * Modification  01. ACM - Enter - M - AC ID - F4 02. Option S - F4 - F6  03. Change Account Status "D" to "A" - F4 - F10 *  Verification  01. ACM - Enter - V - AC ID - F4  02. Option S - F4 - F6 - F4  03. Option 0 (Zero for General Details) - F4 04. F6 - F6 - F4 - Finally Press F10 to Save

**********Account Lien Maintenance (ALM)********** One can lien certain amount in an account in Finacle which can not withdrawn unless lien is removed. Lien can be marked in account due to Income Tax Attachment Order, Garnishee Order, Margin Money or Collateral security etc. Even if a customer want load against Fixed Deposit, the FD can be marked lien as guarantor for loan. * Account Lien Maintenance Step-By-Step 01. ALM - Enter  02. A - F4 - AC ID - F4 03. Amount (Mention amount to be Lien) - Tab 04. Expiry Date (the lien will be automatically removed after the date) - Tab 05. Reason (Press F2 and select from list) - Tab 06. Reason (Mention detail lien reason) - F10 *  Verification  01. ALM - Enter -  02. V - F4 - AC ID - F4 - Check Lien Details 03. Press F10 to complete the task Use ACCBAL command to verify the lien amount * Removing Lien (Manually)  01. ALM - Enter 02. M - F4 - AC ID - f4 03. Change the Lien amount to...