Sunday, June 19, 2016

Finacle menu guide

Module Wise Menu List

CIF IDs

1. CDEDUP - To see whether the customer is already a existing customer
2. CCRC/CIFCR - For creation of CIF
3. CCRC/CIFCR - CIF creation needs a verification by Supervisor
4. CMRC/CIFMD - CIF Modification
5. CMRC/CIFMD - Suspension of CIF ID
6. HCCA - Merger of CIF ID
7. HCRV - Inquiring of CIF IDs(Customer Relationship View)

SB ACCOUNT

1. CASBAO/QDESA - For opening a savings account
2. CASBAV/QDESAVF - For verification of an opened account
3. CASBAOM/QDEMSABV - For modification of an account BEFORE verification
4. CASBAM/QDEMSA - For modification of an account AFTER verification
5. CTM/CXFER - For cash and transfer transactions respectively
6. HPBP - Pass Book Printing
7. HCAAC - To close a savings account and for verification for closure
8. CNAC - Finding out the new account number from the Old account
number
9. HCBM - Changing the status of the customer from Minor to Major

TD ACCOUNT

1. CMISAO/ MISAOP` - To open an account
2. CMISAOPV/ MISAVF - Verification by Supervisor
3. CMISAOPM / MISAMBV - To modify an account before verification
4. CMISAM /MISAMAV - To modify an account after verification
5. TRCDP/ CTM - Fund an account by cash
6. TRTFR/HXFER/CXFER - Fund an account by through transfer
7. HTDTRAN - Transaction inquiry
8. TDRED/HTDREN - To renew a TD account
9. HCAACTD/TDACTCL - To close a TD account
10. HCAACVTD/TDACTCLV - Verification of closer

MIS ACCOUNT

1. CMISAOP/MISAO - To open an account
2. CMISAOPV/MISAVF - Verify the account
3. CMISAOPM/MISAMBV - Modification Before Verification
4. CMISAM/MISAMAV - Modification After Verification
5. HCAACTD - For closure/ pre-closure of the account,
6. HCAACVTD - Verification
7. HTM - Interest to be paid by debiting SUNDARY DEPOSIT MIS

SCSS ACCOUNT

1. CSCAOP/SCSSAO - For opening an SCSS deposit account
2. CSCAOPM/SCSSMBV - Modification BEFORE Verification
3. CSCAOPV/SCSSAV - The account opening verification
4. CSCAM/SCSSMAV - Account modification AFTER Verification
5. HCAACTD - Closure of an SCSS account
6. HCAACVTD - Closure verification

RD ACCOUNT

1. CRDOAAC/RDAOCM - For opening of recurring deposit account
2. CRDOAACV/RDAOVF - Verification of opening
3. CRDOAACM/RDMAO - Modification in the account before verification
4. CRDACM - Modification in the account After verification
5. RDAMT/CRDP - RD Account transaction maintenance
6. CRDCAAC/RDACLM - For closure of recurring deposit account
7. CRDCAACV/RDACLM - Verification of the closure account

PPF ACCOUNT

1. CPPFAO/PPFAO - To open a PPF account
2. CPPFAV/PPFACVF - Verification
3. CPDTM - Funding and for all the future deposits in the PPF account
4. CPWTM - Part withdrawal
5. HAFSM - To unfreeze the account for
6. PPFAMBV/CPPFAOM - PPF A/c can be modified before verification
7. PPFAMAVF/CPPFAM - PPF A/c modification after verification
8. PPFAEXT/HCEXTN - PPF A/c Extension
9. HCAAC - To close a PPF account

NSC/KVP ACCOUNT

1. CSCOAAC/NSCAO - For Opening a NSC Account
2. CSCOAACV/NSCAOVF - Verification
3. HDRP - For printing NSC
4. CSCOAACM/NSCAMBV - Modification of an NSC account can be done BEFORE
verification
5. CSCACM/NSCAM - Modification AFTER Verification can
6. CSCCAAC/NSCAC - For closing an account and this require verification
by the Supervisors by the same menu option
7. HPR - Report can be viewed
8. CSCACM/NSCAM - For modification of a KVP account
9. CSCCAAC/NSCAC - For premature closure/closure on maturity of a KVP
10. HCCA - Transfer of KVP Account from one customer to another
customer
11. HACLITD - For balance inquiry in a KVP account.

LOAN AGAINST RD ACCOUNT

1. CAOLARD/RDHWAO - To open a loan account against RD
2. CAOMLARD/RDHWAMBV - For Modification Before Verification
3. CACMLARD/RDHWAMAV - For Modification After Verification
4. CAOVLARD/RDHWAVF - Verification
5. LARDD/RDHWDP - For disbursement of the sanctioned amount
6. HLAUPAY - For making unscheduled payments (for both bullet
and monthly instalment loans)
7. HLASPAY - For making scheduled payments ( for monthly
instalment loans)
8. HPAYOFF/CAACLA - For closure of the account
9. HPAYOFF/CAACLA - Verification of closer
LOAN ACCOUNT AGAINST A PPF ACCOUNT
1. CLPPFAO/PPFLAO - To open a loan account against PPF
2. CLPPFAOV/PPFLAVF - Verification
3. CLPPFAOM/PPFLAMBV - Modification before verification
4. CLPPFAM/PPFLAMAV - Modification after verification
5. CPWTM/PPFWLINT - For PPF Withdrawal, Loan Disbursement and Interest
Recovery
6. Invoke the menu option CLPR and HACINT before proceeding with account closure
7. CPDTM/ PPFDPLR - For the repayment of the loan and closing the loan account
8. CPDTM/PPFDPLR - Verification
OFFICE ACCOUNTS AND REPORTS
1. HIOT - Inquire on transaction
2. HIOGLT - Inquiry on GL transaction
3. HACLINQ - Office Account Ledger Inquiry
4. HACLPOA - Office A/c. Ledgers Print

INTEREST INQUIRIES AND REPORTS

1. HAITINQ - Account Interest Inquiry
2. HCUIR - Customer Interest Inquiry
3. HAINTRPT - Account Interest report
4. HINTTI - Interest Details Inquiry
5. HLINTI - Inquiry on Interest
6. HIARM - Interest Adjustment

CHARGES INQUIRY AND REPORTS

 HCCI - Customer wise charges Inquiry
 IFD - Inquire Fee details
 CCCSA - Closed Charges For Silent Account
 HGCHRG - General Fees

CLEARING INQUIRIES AND REPORTS

 HPICSL - Print inward clearing statement
 HMICZ - Print inward clearing validation report
 HREJREP - Clearing rejection report
 HINWREMI - Inward Remittance Details Report
 HOUTREMI - Outward Remittance Details Report
 HOIQ - Outward Clearing Instrument Inquiry
 HTRFTOPC - Transfer File to PC

LOAN ACCOUNTS INQUIRY AND REPORTS

 HCULA - Loan accounts of customer report
 HLNGI - Loan General Details
 HLACLI - Ledger Inquiry

CUSTOMER INQUIRIES AND REPORTS

 HACS - Account Selection
 HACSP - Account selection and Print
 HACCBAL - Components of account balance
 HACCBALI - Account balance inquiry
 HACLI - Account Ledger inquiry
 HABMR - Account below minimum balance report
 HACLPCA - Account ledger print
 HCUACC - Account of customer
 HCRV - Customer Search
 HCUDET - Inquire on General Details of Customer
 HACI - Signature Verification
 VSPH - View Signature and Photograph List

CHEQUE BOOKS AND REPORTS

 HCHBI - Cheques book issue inquiry
 HISAI - Inventory Split and Inquiry
 HIIA - Inventory Inquiry All
 HIMI - Inquire on Inventory Movement
 HISI - Inquiring on the inventory

OTHER INQUIRY AND REPORTS

 HBR - Balancing report
 HQBR - Quick balancing report
 HPR - Print report
 HISTR - Inter sol transaction report
 HISAR - Inter sol audit report
 HEXCPRPT - Exceptions Report
 HFINRPT - FINRPT Report Generation
 HGR - General Report
 HPDB - Day Book printing
 HSPRG - Generate Stop Payment Register Report
 HSCWRPT - Shroff Cash Report
 CATREP - Accounts Transfer Report
 HMR - Monthly/Yearly Statistical report
 CSCB - Scheme Balances
 CNSR - HNSR (Monthly/Yearly Nomination Statistical Reports)
 HMEMOPAD - Memo pad Maintenance

DEPOSITS INQUIRY AND REPORTS

 HACDET ` - Account details
 HGDET - General details
 HRELACI - Renewed account inquiry
 HPLIST - Pending installment List (Recurring Deposit)
 HCUMAT - Customer accounts maturities
 HCUTD - Term Deposit of the customer
 HDTRS - Deposit Transactions Report Summary
 HRENHIST - Term Deposit Renewal History Details of Account
 HTDSIP - Tax Report Options
 HTDSREP - Customer Wise TDS Report

TRANSACTIONS INQUIRY AND REPORTS

 HFTI - Financial Transaction Inquiry
 HFTR - Financial Transaction Report
 HTCPIAE - Teller cash position Inquiry - employee
 HTCPIAC - Teller cash position Inquiry- currency
 HOCI - Outward cheques Inquiry
 HABI - Balance Inquiry
 HACSBIO - A/c. Shadow Balance Inquiry
 CNSTRP - Transactions Report

SAVINGS ACCOUNT INQUIRY AND REPORTS

 CATREP - Accounts transfer Report
 CCHQREP - Cheques Report Generation
 CMITMA - Minor to Major Report
 CRVACC - Dormant Accounts revived Report
 CSIREP - Silent account Report
 CAFUREP - Account Freeze and Unfreeze Report
 CWAREP - Welcome Kit Account Report
 CWDREP - Report of SB Withdrawals above Rs.10000
 HACDET - A/c. Balance Details
 CNAC - Old Accounts Details Look Up
 HACCDET - Inquire on General Details of Account
 HAFSM - Account freeze/Unfreeze
 HSSII - Inquire on standing instructions maintenance
 HSIREPTS - Standing Instructions Reports

DAY END

 HFTI - Financial Transaction Inquiry
 HSVALRPT - SOL VAL Reports
 HSCOD - To Change Date (Day End)
 HSOLCOP - SOL Closure
 HSCOLD - SOL Closure for Last Day
 HSSI - Inquire on SOL status

Saturday, June 18, 2016

When will 7th CPC implemented ?. - Some Media Reports

7th Pay Commission Latest: Hiked Salary from 1st August, Arrear in October, Fitment may enhanced from 2.57 to 2.9 - Media Reports

7th Pay Commission arrears to be paid ahead of festival season - The Sen Times

7th Pay Commission: Government employees will get hiked salaries from 1st August - Jagran News

7th Pay Commission: Double bonus for Government employees – salary hike from August, six month arrears in October - India.com

Salary hike: Employees could get more than recommendation by Pay Commission - Jagran News


7th Pay Commission arrears to be paid ahead of festival season - The Sen Times

New Delhi: The central government is going to start payment of salaries to its 48 lakh officials and employees according to 7th Pay Commission award from August and arrears are to be paid ahead of the Dusshera festival.

Finance Minister Arun Jaitley has not been under pressure to meet the demand of 7th Pay Commission award.

As per official calculation, no huge amount will be required for the payment of arrears.

The government in its annual budget has provisioned Rs 70,000 crore to meet the demand for implementation of 7th Pay Commission for central government employees which will take effect from January 1, 2016, while the allowances would be paid from the date of implementation.

The cabinet is likely to approve the new pay scales for central government employees after considering report of the 7th Pay Commission, led by Justice A K Mathur, and the report of the 13 member Empowered Committee of Secretaries headed Cabinet Secretary P K Sinha to process the recommendations of the 7th Pay Commission, which was set up in January.

The Empowered Committee of Secretaries agreed to 30 percent pay raises for central government employees during their Tuesday meeting.

“Central government employees could get the revised pay and allowances from their August salaries and arrears are to be paid ahead of festival season in one installment,” sources close to officials working on the implementation of the 7th Pay Commission report said.

The sources familiar with the developments told The Sen Times that the Finance Minister Arun Jaitley has not been under pressure to meet the demand as he has allocated money in this head in the national exchequer.

“Notification will be issued with in one month after cabinet nod, so we hopefully say that central government employees will get new pay and arrears in August and October respectively,” a source close to the developments told The Sen Times. Read at The Sen Times

7th Pay Commission: Government employees will get hiked salaries from 1st August - Jagran News

New Delhi: The month of August could bring happiness to lakhs of Central Government employees and pensioners as there is a media report that suggests that the 7th Pay Commission could get in force on 1st of August.

The decision on the matter was supposed to have been taken in the month of April, when a meeting of 7th Pay Commission committe chaired by Cabinet Secretary P K Sinha was conducted in New Delhi. The meeting's agenda also included giving final touches to the recommendations before they were handed over to the Finance Ministry.

When it comes into effect with retrospective effect from January 1, 2016, salary packages of 47 lakh Central Government employees and 52 lakh pensioners will be impacted.

Although, it is not clear as yet whether the arrears will also be credited along with the revised pay, which means it isn't clear whether the past dues will be credited in one go or be paid out in installments.

Sources say that government will go by the recommendations of Secretaries Panel as latter has taken into account concerns of every stakeholder, including Employees' Unions and Trade Unions. Read at Jagran


7th Pay Commission: Double bonus for Government employees – salary hike from August, six month arrears in October - India.com

Around 47 lakh Central Government employees are eagerly awaiting the salary hike, along with the 52 lakh pensioners who are expecting a significant increase in the monthly pension provided to them.

New Delhi, June 16: As per the latest updates related to 7th Pay Commission, the government is likely to give a double bonus for those working under the central government. According to reports, the Commission has decided that salaries would be hiked from August 1 and six months arrears will be paid to the employees in one installment in October.

As per the recent developments, the government has already started working to credit the hiked salaries in the accounts of employees from August 1, 2016. Around 47 lakh Central Government employees are eagerly awaiting the salary hike, along with the 52 lakh pensioners who are expecting a significant increase in the monthly pension provided to them which was also promised by Narendra Modi government.

The Seventh Pay Commission will be implemented from July and the increased payout will be credited in employee’s’ account on August 1.

On Thursday a news report suggested that the six months arrears from January to July will be handed before Dussehra festival which is in October.

An unidentified official working with the commission was quoted by The Financial Express saying, “Central government employees could get the revised pay-scales with their July salaries that would be credited on August 1″.

There was a meeting held on Tuesday where Cabinet Secretary P K Sinha along with other Empowered Committee of Secretaries sat for few hours and submitted its final report. Report suggest that, Secretaries Panel in its final report has recommended 30 per cent hike which is more than what was proposed by the pay panel i its November report.

The commission had earlier recommended a minimum monthly basic salary of Rs 18,000 and maximum of Rs 2,50,000. With the 30 per cent hike the minimum basic monthly pay will be Rs 23,500 and the maximum will be Rs 3,25,000. The new reforms will directly impact the Central Budget by Rs 73,650 crore and the Railway Budget by Rs 28,450 crore. Read at India.com

Salary hike: Employees could get more than recommendation by Pay Commission - Jagran News
After mulling over Pay Commission's recommendations, the government found that the staffers need more hike than recommended cap.

If Finance Ministry does not face any complexity in making funds available, the minimum proposed hike of 2.57 percent could be increased to 2.9 percent.

Media reports suggest that the 7th Pay Commission could get in force from 1st of August. The decision on the matter was supposed to have been taken in the month of April, when a meeting of 7th Pay Commission Committee chaired by Cabinet Secretary P K Sinha was conducted in New Delhi. The meeting's agenda also included giving final touches to the recommendations before they were handed over to the Finance Ministry.

When it comes into effect with retrospective effect from January 1, 2016, salary packages of 47 lakh Central Government employees and 52 lakh pensioners will be impacted

Saturday, June 11, 2016

7th Pay Commission: Government expected to take a decision by end of this week

Central government employees are likely to get their revised salaries based on the recommendations made by the 7th Central Pay Commission (CPC) by August this year.

A decision is expected to be taken on June 11 when the empowered committee headed by cabinet secretary P K Sinha meets to discuss the subject.

"Central government employees could get the revised pay scales with their July salaries that would be credited on Aug. 1," the Financial Express quoted finance ministry sources as saying.

The commission had suggested an average hike of 23.5 percent in pay and allowances for about 47 lakh central government employees and 52 lakh pensioners with retrospective effect from January this year.

The Narendra Modi government allocated Rs. 70,000 crore in this year's budget for implementing the proposals, the full-year impact of which has been estimated at about Rs. 1.02 lakh crore in 2016-17.

The implementation of the 7th CPC recommendations is being seen as a double-edged sword. While consumption is expected to get a fillip and in turn spur growth, the government's finances are bound to come under strain with the full implementation, leaving less money in its hands to spend on infrastructure.

In its latest monetary policy statement released on Tuesday, the Reserve Bank of India (RBI) had listed the 7th CPC recommendations as one of the three risks for inflation. 

"...there are upside risks – firming international commodity prices, particularly of crude oil; the implementation of the 7th Central Pay Commission awards which will have to be factored into projections as soon as clarity on implementation emerges; the upturn in inflation expectations of households and of corporates; and the stickiness in inflation excluding food and fuel," it said.

India Post launches logo and tagline design contest for IPPB on MyGov




Press Information Bureau
Government of India
Ministry of Communications & Information Technology

10-June-2016 14:41 IST

India Post launches logo and tagline design contest for IPPB on MyGov

The Department of Posts on 10.6.16 launched a logo and tagline design contest for the soon to be set up India Post Payments Bank on the MyGov website. The Cabinet has on 1st June 2016, given its nod to the setting up of the IPPB under the Department of Posts to further financial inclusion in the country.

Department of Post wants to connect with and involve the people of India in designing the DNA of the India Post Payments Bank. One of the guiding principles of the India Post Payments Bank would be cocreating value propositions and products with its customers and other stakeholders. The present contest is the first step towards this ongoing engagement. It has also initiated a nationwide survey to understand the needs of different segments of customers.

Reward: The contest is open to all Indian citizens, institutions, agencies and entities for a period of one month, until 9th July 2016. The best entry will be awarded Rs 50,000/. A panel of eminent designers/ experts will help shortlist 20 best entries which will thereafter be put up for voting on the MyGov platform for the final selection of the winner.

About the India Post Payments Bank

The India Post Payments Bank will offer digitally enabled payments, banking and remittance services of all kinds between entities and individuals and also provide access to insurance, mutual funds, pension and credit products in partnership with third party financial service providers and Banks. It is poised to emerge as the main vehicle of financial inclusion in the country by bringing the physical reach of 1.55 lakh post offices and a modern payments platform powered by ubiquitous information and communication technologies together to create a national payments architecture that can be accessed by all users like never before. The stakeholders of the India Post Payments Bank within the Government and outside are looking at this new entity as a catalyst to social and financial inclusion. The roll out of the IPPB is to be completed by September 2017.