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Core Banking Solution

Core Banking Solution. Objectives of the CBS - 1. To streamline existing operations of Small Savings Schemes and to provide integrated facilities to customers. To provide facilities like ATMs for withdrawal by customer. Internet and telephone based access to all schemes

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Core Banking Solution

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  1. Core Banking Solution

  2. Objectives of the CBS - 1 • To streamline existing operations of Small Savings Schemes and to provide integrated facilities to customers. • To provide facilities like ATMs for withdrawal by customer. • Internet and telephone based access to all schemes • Better and improved system of accounting and auditing of savings schemes enabling quick detection of irregularities ( without physical movement of vouchers). • To migrate from manual system of operations to computerized operations thereby eliminating many levels of records maintenance

  3. Objectives of CBS - 2 Better MIS for efficient decision making. Seamless integration of facilities such as Electronic Clearance Service (ECS), National Electronic Fund Transfer (NEFT), Real Time Gross Settlement (RTGS) Faster grievance redress through Call Centre To enable the Department to undertake other Agency functions

  4. Roles of PA(SB)/SBCO for data cleaning • Data entry in all category- inclusive of Silent Accounts • Signature Scanning • Preparation of consolidated journal of all categories on Sanchay post by SBCO • Up-to-date SB returns to SBCO on day to day basis • Settlement of Un posted items • Settlement of Minus Balance. • Preparation of annual interest statement • Settlement of SBCO objections • Reconciliation of Unpaired debit and credit • Submission of Saving certificates returns to DPA • Will follow report of all categories of accounts • Ledger agreement up to cut off date

  5. For SBCO Agreement- • Consolidation journal (CJ) of all categories on Sanchay Post by SBSO BRANCH • Office-wise register of all categories by all SBCO with OB and CB. It should match with the Consolidation journal CJ. • Statistical Register of all categories by SBCO. Statistical Register should match with the HO Cash Book and HO Accounts • V2SBCO offices-transaction feeding should be 100% in all categories • Interest Statement in SB & PPF should be released on yearly basis

  6. DATA CLEANING THROUGH DB ANALYZER

  7. DB Analyzer – 34 Points of exercise SB/MIS/PPF/RD/TD/SCSS • 1.Index with zero account no. • 2.Index entries with open date 01.01.1900 • 3.Ledger entries prior to account open date • 4.Index entries different PO code • 5.Accounts without names of depositors • 6.Account numbers with blank account type

  8. 7.Account no. without previous year interest entries • 8.Ledger entries with zero account no. • 9.Ledger entries with LOT date 01.01.1900 • 10.Account no. with zero Nomination no. • 11.Ledger entries with different PO code • 12.Account without address of depositors • 13.Account no. with blank account status • 14.Accounts for which Service charge have been deducted

  9. 15.Index entries without ledger entries • 16.MIS discrepancy • 17.Accounts with wrong amount in SI register • 18.Accounts having no ledger entries • 19.Accounts with fractions • 20.Default entries discrepancy • 21.Accounts with different months counts • 22.Accounts with more than one entry in SI register • 23.Ledger entry discrepancy

  10. 24.RD bulk list not posted • 25.Paid/Unpaid discrepancy • 26. Accounts for which interest calculated is zero • 27. Accounts with difference of amount in index & ledger • 28. Account no. with SI without previous quarter interest withdrawal • 29. accounts with SI which TDS deducted automatically ( 15G/15H not submitted 2008-09)

  11. 30. Account no. for which TDS exemption has been given • 31. Account nos. with incomplete ledger entries • 32. Account nos. with withdraw type but not in SI entries • 33. Account nos. with SI having withdrawal entries with future dates • 34. Account nos. in SI register having closed/transferred SB accounts.

  12. Thank You

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