Network Allowance

Introduction

This option allows the administrator to maintain cut off time at the level of customers so that an additional revenue stream can be generated for the bank by way of additional bank charges for some allowance in cut-off times.

When a customer is linked to a particular payment network, it should be possible to specify the optional dropdown value for cut off time delay allowance for each payment network and transaction type combination.

When customers initiate transactions beyond the cutoff time but within the delay allowance duration, a warning is given that the cut off time has passed.  The user will be allowed to submit the transaction with the specified value date, ‘n’ minutes after cut off time however additional charges will be incurred.

If such allowance is not available at the customer level, then the user will get message notifying them about system’s inability to submit with the current value date..  

Validations for cut off time allowance is to be done for approver as well.  

A flag per network will be maintained in common codes.  This flag governs the Network allowance applicability for that network.  

Navigation

The following is the navigation for this option:

• Select  Lien Enquiry from the Options drop-down in the Operative Accounts screen.

• The Lien Inquiry screen is displayed.

What you can do

The table below provides a brief description of the data displayed on the screen and the functions you can perform:

Field

Description

Record #

The record number for the lien inquiry records.

Lien Type

The type of lien on the account.

Expiry Date

The date till which the lien is valid for the account.

Amount

The amount held as lien on the account.

Remarks

Lien remarks, if any.

Reason Code

The reason code specified while placing a lien on the account.

Other Account

This is a dummy field if user lien is marked on the operative account.

Note:

The TDA account number which was considered for granting lien is displayed here