OUTWARD REJECTION PROCEDURE IN DOP FINACLE

OUTWARD REJECTION PROCEDURE IN DOP FINACLE

• When we receive the cheques sent in outward zone after clearing from the clearing house we have to regularize those cheques by selecting the particular outward zone date on which those cheques were sent (Use HMCLZOH)
• For suppose there may be some rejections in that particular list i..e, cheques sent in outward zone and which were rejected is known as outward rejection.
• Point to remember is we have to regularize the outward zone only after all the cheques were received for that particular outward zone i.e., there is no method to realize the particular outward list as partly.
• We have to realize the zone only after we have received the credit certificate for all the cheques that had been sent in the particular outward zone.
• All the Outward rejection cheques have to be lodged the inward zone.

Step by Step Procedure Of Outward Rejection in DOP Finacle

Step 1 :  Release to Shadow balance for the Outward zone and give the Value date

• Invoke the menu HMCLZOH(supervisor menu) then select the function as "Release to shadow balance" and select the date of the outward zone which we are trying to realize as shown in the figure

Then select the date of the outward by clicking on the searcher that you are trying to release to shadow balance as shown in the below figure

For ex I have selected the zone date as 23-02-2015 as mentioned in the figure then click on Go then in the next screen i.e., in the General details give the value date as the date of realization of the cheque as mentioned in the credit certificate that has been issued by the clearing house as mentioned in the below figure.

Point to remember is if anyone forget to change the value date there is no modification so be extra careful while entering the value date. Then finally click on Submit.

Step 2 : Enter the outward rejected cheque in the Inward Zone

• Invoke the menu HICTM then select the function as "Add",Zone date as "current working date" and Zone  as "MICR" as shown in the below figure

Then click on GO then in the next screen enter the following details

1. Enter the account number _____________________
2. Enter the instrument no.  ______________
3. Enter the amount ______________
4. Select the reject field as "O-Outward" and then click on the icon beside the reject field as shown in the below figure.

Then in the next screen the system will ask the following details ,Select the reject reason code from the searcher as shown in the below.Make sure Outward rejection details are appearing if the details are not available it means that outward zone release to shadow balance is not done.

 

Then click on Accept then finally click on OK. Repeat the same procedure for all the rejected cheques.