8/4/2019 Account Transfer Between Schemes Under the Same Scheme Type

1/3

Account Transfer between Schemes under the same scheme type

The menu option namely ACXFRSC is available for transfer of accounts from one scheme to another

under the same scheme type.

The menu option has the following function codes: 'T' Transfer, 'V' - Verify, 'X' Cancel.

Function code 'T': The account number to be transferred may be entered or if all the accounts are to

be transferred then the 'source scheme' and 'target scheme must be entered.

GL subhead code and currency code are mandatory. Help message is available for the same.

During verification of a request the system carries out the validations such as same person

verification, work class check.

The system generates a failure report during trial run if for a given account there are any validation

failures. If all the validations are successful then the success report is generated which indicates that

the accounts can be transferred to the new scheme.

The effects of transfer and the report of transfer takes place only after the transfer request has been

verified.

The system generates a report of all such accounts which are transferred as part of this process

along with any errors due to which the transfer could not take place.

In addition to the above, the menu option checks/validates for the following conditions as detailed

below, before the actual transfer of account to the new scheme takes effect during verification run

of the menu option. The system generates a report of all such accounts, which are transferred as

part of this process along with any errors due to which the transfer could not take place.

Check if account entered is valid.

Check if account is already closed.

Check if any non authorized audit records are pending for the account.

Check if the account falls under the schemes SB/CA/CC/OD/TD.

Check if there are any transactions in entered status for the account being transferred.

Check if the staff flag is modified in CUMM when the account is moving from staff scheme to non-

staff scheme and vice versa.

Check for any future dated transactions.

Check if TDS calculation is up-to-date.

Check for MCGL scene 5.

Check if the target scheme belongs to the same scheme type as the source scheme.

Check if the target scheme code currency is the same as the source scheme code.

8/4/2019 Account Transfer Between Schemes Under the Same Scheme Type

2/3

Check for future dated account open effective date.

Check for any cheques that are logged in inward/ outward clearing.

Check for the Staff status of the customer when the transfer is from Staff to Non-Staff and vice

versa.

Check for NRE Status of the customer when the transfer is from NRE to Non NRE Scheme and vice

versa.

Check for transactions in entered status and future dated transactions.

No transfer is allowed for the following types of deposits:

Certificate of deposit

Notice deposits

Recurring deposit.

The account is locked once the transfer is initiated through the ACXFRSC menu option. During this

period no transactions are allowed on the Account/Accounts.

The following values are dumped in the report

Success Report

1. Account Number

2. Account Name

3. Account Currency

4. Account Balance

5. Transfer Date

6. User ID of the user who verified the transfer

7. Transaction ID

8. Transaction Date

9. Minimum balance information

10. Proxy posted transactions.

Failure Report

1. Account Number

2. Error Message

FT Report gets generated for all transactions.

8/4/2019 Account Transfer Between Schemes Under the Same Scheme Type

3/3

Note: The success report does have the transaction ID of the GL transfer transaction.

Audit trial is available for the account and for the menu option. This includes the transfer enterer ID,

verified person ID, the old record, the new record, the time stamp of such change. When inquired on

the transferred customer account, the audit trail contains the information of old record, new record,

who entered, who verified with time stamp.

Audit trail is available for the following tables:

GAM

ITC

ROM

TDT

EIT

SCT

Related Topics: