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Cheque Clearing Using Finacle

The document provides a step-by-step guide for cheque clearing using the Finacle application, specifically through the Outward Clearing Transaction Maintenance (HOCTM) menu. It outlines the login process, navigation to the cheque clearing menu, entering cheque and instrument details, and final submission of the transaction. Additionally, it includes a flow chart summarizing the entire process from login to completion.

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sureshchouhanofficial18
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55 views8 pages

Cheque Clearing Using Finacle

The document provides a step-by-step guide for cheque clearing using the Finacle application, specifically through the Outward Clearing Transaction Maintenance (HOCTM) menu. It outlines the login process, navigation to the cheque clearing menu, entering cheque and instrument details, and final submission of the transaction. Additionally, it includes a flow chart summarizing the entire process from login to completion.

Uploaded by

sureshchouhanofficial18
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Cheque Clearing Using Finacle

Menu Code -HOCTM


(OCTM-Outward Clearing Transaction Maintenance)
YouTube Reference Video:

https://www.youtube.com/watch?v=SQ76wZAxXSQ&t=69s&ab_channel=Learnandgain
1. Login to Finacle:

 Open the Finacle application.


 Enter your user ID and password.
 Click on "Login".

2. Navigate to Cheque Clearing Menu:

 Go to the main menu.


 Enter the menu code HOCTM (Outward Clearing Transaction Maintenance).
 Click on ‘Go’
NOTE:-

 HOCTM Screen will appear


 Select ‘ADD’ from Option dropdown
 Select ‘CTS-01’ from Zone Code dropdown

3. Select Function:

 In the HOCTM screen, choose the appropriate function.


 Click on "Add" to create a new entry.

4. Enter Clearing Zone:

 Select the clearing zone from the dropdown menu or enter the zone manually.
 Enter Account Id and Amount detail
5. Enter Cheque Details:

 Fill Instrument Code ,Amount and Sort Code of the Bank (here ex.ICICI Sort
code)
 Enter the required cheque details such as cheque number, cheque date, and drawee
bank.
 Verify the details and ensure they are correct.

6. Enter Cheque Amount:

 Enter the amount of the cheque in the "Amount" field.


 Click on "Instrument Details".
 Click on ‘Add’
7. Provide Instrument Details:

 Instrument is to enter details for 2nd cheque for same account ,incase if two cheque
submited
 Enter the instrument details such as the number of cheques, total amount, and the
cheque numbers.
 Click "OK" to save the instrument details.
 Click on “Submit”
8. Verify and Submit:

 Verify all the entered details: clearing zone, cheque number, amount, and instrument
details.
 Click "Submit" to confirm the transaction.

9. Completion:

 The transaction is now recorded. Ensure to cross-check and verify all the details
before finishing.
 Note Down CTS number for future reference.

x-x-x-x-x-x-x
flow chart
Start -> Login to Finacle -> Navigate to HOCTM Menu -> Select Clearing Function
-> Click Add -> Enter Clearing Zone -> Enter Cheque Details -> Enter Cheque Amount
-> Click on Instrument Details -> Enter Instrument Details -> Click OK to Save Details
-> Verify All Details -> Click Submit to Confirm -> Cross-Check and Verify -> End

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