Make Teller Cash Balance Zero in Finacle otherwise the exist balance reflect in CSI with Migration

Make Teller Cash Balance Zero in Finacle otherwise the exist balance reflect in CSI with Migration

Dear Sir(s) /Madam (s),

This is regarding bringing the teller cash account in Finacle as Zero. As all of us know well, the closing balance of the teller cash account of all users, at the end of the day, must be zero. A list of users, SOL-WISE was shared between the CPCs and Circles to follow up and to ensure that the teller cash account is made zero. Still a large number of users are in the system with outstanding balances in the Teller account. These users, can loggin from the places wherever they are working and make submission of this teller account settlement.

The critical parameter here is that, with this opening balance (shown as balance available in the teller account) CSI can not be rolled out successfully as this teller account outstanding, would be migrated to CSI as an outstanding balance of the particular user and this would form part of his cash liability in CSI. Hence, it is requested that a drive may please be conducted once to liquidate the all pending users. Otherwise, a blocking validation on this would be introduced in the system, so that, those SOLs could not be able to close their day from the date of making the validation effective unless these teller accounts are made zero. In order not to complicate things, we are once again requesting Circles and CPCs to take up this very important item and this may kindly be monitored till such all the users are completing this activity.

Any outstanding teller cash either in crores or in single digit would be transferred to CSI cash account against the particular users as an outstanding if it is not settled in Finacle in a time bound manner.

Matter Most Urgent and time bound.

Yours Sincerely,

(V M Sakthivelu)

Deputy Director CEPT