The document provides details regarding SMU MBA assignments for the winter 2015 program, specifically related to subject MBF-407 on finacle services. It includes instructions for students on how to submit assignments, describes specific questions related to financial processes in the finacle system, and outlines the evaluation scheme for answers. Key topics discussed include garnishee orders, mass DD issuance, credit freeze, and standing instructions.

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ASSIGNMENT
DRIVE WINTER 2015
PROGRAM MBABF
SUBJECT CODE & NAME MBF-407 FINACLE SERVICES
SEMESTER 4
BK ID B 1394
CREDITS 1
MARKS 50
Note: Answer all questions. Kindly note that answers for 10 marks questions should be
approximately of 400 words. Each question is followed by evaluation scheme.
1. A garnishee Order for Rs.75000/- is received in an account which shows a balance of
Rs.475000/- How you will proceed to block the funds?
Answer :
On receipt of the Garnishee order, a Lien will be marked in the requested account for the
amount mentioned in the order. To record a Lien in the
2. Explain the process in Finacle for issuing mass DDs in Finacle
Answer:
For issuing mass DDs, the below steps are to be followed:
 Select Menu option DDMI and press Enter
 Press Function A and F4
 Enter Transaction Type & Sub-type
 Enter DD issued Account No (use search option)
 Fill Purchaser Account

2. 3. Two attachment orders – one IT and One Sales Tax is received in your customer’s account at
an interval of 15 minutes on the same day. How will you process the same in Finacle?
Answer:
 Select Menu Option AFSMand press Enter
 Press Function F <Freeze> and F4
 Input Customer Id (to freeze all accounts of the customer) or Account Id
 Select Freeze Reason
4. What is Credit Freeze in Finacle?
Answer: Credit Freeze is when a customer’s account/s is restricted for any credit type of
transactions.
When Credit Freezing in an account done?
Credit Freezing is done to any account when deposits to the account/s is to be restricted.
Credit Freeze typically is done in case of Death Claim (customer’s demise).
5. What is the need for a Standing Instruction?
Answer: Standing Instructions (SI) are instructions for transactions which are repetitive in nature
(Monthly/Quarterly/Yearly). Since the parameters for these transactions will remain the same,
having SI saves a lot of time to the customer
6. Explain in Detail what is Bank Induced Sis and Customer Induced SIs.
Answer: Bank Induced SIs are those which bank defines to the customer’s account. For example,
Loan Installment repayment or Recurring Deposit payment are Bank induced SIs.
On the contrary, there are Customer induced SIs which typically are those wherein the
customer has defined the beneficiary, bank/
Dear students get fully solved SMU MBA assignments
Send your semester & Specialization name to our mail id :

3. “ help.mbaassignments@gmail.com ”
or
Call us at : 08263069601