11.1 Loan Disbursement by Cash

The Teller can use the Loan Disbursement by Cash screen to disburse the loan by cash.

To perform loan disbursement by cash:

1. On the Homepage, from Teller mega menu, under Loan Transactions, click Loan Disbursement by Cash or specify Loan Disbursement by Cash in the search icon bar and select the screen.
   The Loan Disbursement by Cash screen is displayed.

   Figure 11-1 Loan Disbursement by Cash

   
   

   
   Description of "Figure 11-1 Loan Disbursement by Cash"

   
   
2. On the Loan Disbursement by Cash 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 11-1 Loan Disbursement by Cash - Field Description

   Field	Description
   Loan Account	Specify the loan account number. When you press the Tab key, the customer details and loan account details will be displayed in the Customer Information widget.
   Disbursement Amount	Select the disbursement currency and specify the disbursement amount. Note: By default, the loan account currency is displayed as disbursement currency. If Multi-Currency Configuration is set as Y, it can be modified and if it is N, then the default value cannot be modified.
   Exchange Rate	Displays the exchange rate. Note: If the transaction currency is the same as the account currency, the system displays the exchange rate as 1. This field is displayed only if Multi-Currency Configuration at the Function Code indicator level is set as Y.
   Total Charges (LCY)	Displays the total charges in the branch local currency. Note: This field is displayed only if Total Charges Configuration at Function Code indicator level is set as Y.
   Account Amount	Displays the total cash to be disbursed to the customer in loan account currency. Note: This field is displayed only if Multi-Currency Configuration at Function Code indicator level is set as Y. If the loan account currency is different from disbursement currency, then the system will derive the account amount based on the exchange rate.
   Narrative	Displays the narrative as Loan Disbursement By Cash, and it can be modified.

3. Specify the charge details. For information on the fields in the Charge Details segment, refer to Add Charge Details.
4. Specify the denomination details. For information on the fields in the Denomination segment, refer to Add Denomination Details.
5. 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 approval warning raised when the transaction saves.

   On transaction submission, the transaction details are handed off to the respective product processor to trigger disbursement and on transaction completion, the cash is disbursed successfully to the walk-in customer against the loan account.