1. Teller User Guide
  2. Remittances
  3. Demand Drafts
  4. DD Issue Against Account

8.2.1 DD Issue Against Account

The Teller can use the DD Issue Against Account screen to issue a DD against the CASA of a customer.

To issue a DD against the savings account:
  1. On the Homepage, from Teller mega menu, under Remittances, click DD Issue - Account or specify DD Issue - Account in the search icon bar and select the screen.
    The DD Issue Against Account screen is displayed.

    Figure 8-23 DD Issue Against Account


    Description of Figure 8-23 follows
    Description of "Figure 8-23 DD Issue Against Account"

  2. On the DD Issue Against Account screen, specify the fields. For more information on fields, refer to the field description table.

    Note:

    The fields, which are marked with an asterisk, are mandatory.

    Table 8-23 DD Issue Against Account - Field Description

    Field Description

    Issuing Branch Code

    Displays the logged-in branch code.

    Branch Name

    Displays the branch description of issuing branch.

    Payable Bank Code
    Select the payable bank code. The list of values contains the bank codes maintained using the External Bank Code Maintenance screen.

    Note:

    To remit funds within the same bank, select the logged-in bank code as payable bank code. To remit funds across banks, select the necessary bank code as payable bank code. The fields Payable Branch Code and Payable Branch Name will be enabled after you specify the Payable Bank Code.

    Payable Bank Name

    Displays the name of the selected bank code.

    Payable Branch Code

    Select the branch code of the payable bank. The list of values contains the corresponding branch codes maintained using the Bank Code Maintenance screen.

    Payable Branch Name

    Displays the branch name of the selected branch code.

    DD Amount

    Specify the DD currency and DD amount.

    DD Date

    Specify the date that needs to be mentioned in the DD.

    MICR No

    Displays the MICR number.

    DD No

    Specify the instrument number and validate. If not specified, the system generates the DD number based on the maintenance setup.

    Payee Details

    Specify the fields.

    Payee Name

    Specify the payee name on which the DD is drawn.

    Address Line 1 to Address Line 4

    Specify the address of the payee.

    Narrative

    Displays the narrative as DD Issuance Account and it can be modified.

  3. Click on the Funding Details data segment.
    The Funding Details data segment is displayed.

    Figure 8-24 Funding Details


    Description of Figure 8-24 follows
    Description of "Figure 8-24 Funding Details"

  4. On the Funding Details data segment, specify the fields. For more information on fields, refer to the field description table.

    Note:

    The fields, which are marked with an asterisk, are mandatory.

    Table 8-24 Funding Details - Field Description

    Field Description

    Drawer Account

    Specify the account number of the customer who has requested the DD.

    Drawer Name

    Displays the name of the specified drawer account number.

    Cheque Number

    Specify the cheque number of the drawer account.

    Note:

    The system validates the status of the cheque and prompts an error message if incase of a Used or Stopped or Invalid cheque.

    Cheque Date

    Specify the date as mentioned in the cheque.

    Exchange Rate
    Displays the exchange rate.

    Note:

    If the transaction currency is the same as the account currency, the system will display the exchange rate as 1. This field is displayed only if Multi-Currency Configuration at the Function Code Indicator level is set as Y.

    Account Amount
    Displays the account amount in account currency.

    Note:

    This field is displayed only if Multi-Currency Configuration at the Function Code Indicator level is set as Y.

    Mode of Charge

    Select the mode of charge from the following drop-down values (Account or Other Account).

    Charge Account

    This field is populated based on the following criteria:

    • If Account is selected as Mode of Charge, the drawer account number will be selected as charge account.

    • If Other Account is selected as Mode of Charge, specify the other account number in this field.

    Total Charges
    Displays the total charges applicable for the DD issuance.

    Note:

    This field is displayed only if Total Charges Configuration at the Function Code Indicator level is set as Y.
  5. Specify the charge details. For information on the fields in the Charge Details segment, refer to Add Charge Details.
  6. Click Submit.

    A teller sequence number is generated, and the Transaction Completed Successfully information message is displayed.

    Note:

    The transaction is moved to authorization in case of any warning raised when the transaction saves.

    When you submit, the transaction details are handed off to the Oracle Banking Payments system for instruments processing with external system status as Pending.

    After the transaction is processed and responded from Oracle Banking Payments with appropriate status, the Teller selects the transaction from Journal Log and completes the transaction.

Parent topic: Demand Drafts