Account Maintenance Freeze in DOP Finacle

Freezing of an account  in Finacle

• Freezing means restricting an account to perform the transactions.
• A frozen account doesn't allow any transaction.
• Freezing can be credit/debit or both for a particular account.
• The menu option for freezing of an account is HAFSM.

Scenario:-

• When a customer applies for a loan against NSC/KVP in a bank then the bank applies pledging of NSC/KVP accounts in Post Office.While entering the pledge in the
• Procedure for Freeze\Unfreeze of an account:-
• HAFSM:-(Stands for Account Freeze Status Maintenance)

Invoke the menu HAFSM select the following

• select the function as "Freeze"
• give the account number and
• select the freeze code as either total freeze or credit only or debit only depending on the usage

• Then click on Go then the system will ask to enter the following
• Select the account id by selecting the check box as shown
• Select the freeze code
• Select the freeze reason from the list as shown

• Then click on submit then the system will display the message account freeze done successfully.
• The same can be inquired in account balance menu.