SB order 09/2022, SB order no. 09/2022, SB order 09/2022 PDF download, Execution of HACINT menu in Finacle, amendment in rule 61(3), Amendment in Appendix XVI of POSB CBS Manual  

Recently a new SB order 09/2022 was issued by the directorate. SB order no. 09/2022 is regarding the execution of HACINT menu in Finacle CBS and amendments to rule 61(3) and appendix XVI of POSB CBS manual corrected up to 31.12.2021. I have explained this SB order no. 09 for the year 2022 in detail.

What is SB Order 09/2022

File No. FS-10/8/2022-FS-DOP
Government of India
Ministry of Communications
(F.S. Division)

Dak Bhawan, New Delhi-110001
Dated: 02.06.2022

To

All Head of Circles/Regions

Subject- Execution of HACINT menu in Finacle CBS and amendments in Rule 61(3) and Appendix-XVl of POSB CBS Manual (Corrected up to 31.12.2021) - Regarding.

HIARM menu in Finacle is executed by SBCO to adjust the balances and interest in the accounts of SBA Type viz. POSA/PPF/SSA and NSS-87/92, due to any reason like correction in the opening balance, wrong interest calculation, restoration of balance in fraud cases, etc. on the basis of the orders of competent authority.

After making entries in HIARM menu, execution of HACINT menu in Finacle is mandatory for getting the ledgers of the accounts concerned updated. Besides, in case of closure of PPF Loan account, the loan interest is calculated using HACINT menu. HACINT menu is presently being executed at CEPT, Chennai on the basis of requests from the Postmasters.


sb order 09/2022


Considering the increase in number of HIARM entries and practical difficulties faced in the execution of HACINT at CEPT, Chennai, it is proposed to the decentralized HACINT menu will be executed to the CPC In-Charge of CBS-CPCs in the Circle with effect from 3rd June 2022.

Necessary training to the staff of CBS-CPCs has been provided by CEPT, Chennai on 13.05.2022. A detailed Standard Operating Procedure for the execution of HACINT menu at the CBS-CPCs level is circulated herewith for guidance to CBS-CPCs.

➤ SB Order 10/2022

In charge, CBS-CPCs shall file the copies of the orders received in connection with the corrections made through HIARM menu, in a guard fiIe.

CEPT will provide the access to HACINT menu to CPC In charge role users.

Provisions of rule 61(3) of POSB CBS Manual (Corrected up to 31.I2.2021) circulated through SB Order No. 03/2022 dated 18.02.2022 is accordingly amended. The texts of the amended provisions are given below.

Rule 61 (3) (i) and Para 5 (iii) (a) of Appendix-XVl- For Debiting/Crediting the balance, SBCO can adjust the balance/interest by making suitable corrections in HIARM by entering the amount to be adjusted along with interest calculated till the end of the Financial Year, select Debit/Credit Interest as "D-Debit or C-Credit", Select Run indicator as 'C-Credit' & Applicable From Date as on 01-04-XXXX (XXXX denotes financial year). A single entry in HIARM will suffice for credit/debit, after which In Charge of CBS-CPC will execute HACINT based on HIARM entries.

Rule 61 (3)(iii)-  The effect of adjustment entry will be applicable after running of interest using HACINT menu, on this account. Postmaster of HO will send an email to the Circle CPC concerned from the Official email id mentioning the details of correction for updation of balances. Scanned copy of the orders of Director GPO/Divisional Head/Sr. Postmaster/Chief Postmaster as the case may be should also be attached for reference.

Para 5(iii) (c) of Appendix-XVI- Postmaster of HO will send an email to the Circle CPC concerned from the Official email id mentioning the details of correction for updation of balances. Scanned copy of the orders of Director GPO/Divisional Head/Sr. Postmaster/Chief Postmaster as the case may be, should also be attached for reference.

The entries/corrections made through HIARM menu are updated in the ledgers of the accounts concerned as "Consolidated Interest Payment". Hence, it should be ensured that HIARM menu in Finacle is sparingly used at Head Post Office level.

This may be circulated to all the Offices for information and necessary actions.

This is issued with the approval of the competent authority.

(TC VIJAYAN)
(Asst. Director (SB-I)


SOP for the execution of HACINT menu as per SB order 09/2022

The post office must follow the below steps for effecting Princina/interest Adjustment in Finacle through HACINT Menu.

HIARM menu in Finacle is executed by SBCO to adjust the balances in the accounts of SBA Type viz. POSA/PPF/SSA and NSS-87/92, due to any reason like the correction in the opening balance, wrong interest calculation, restoration of balance in fraud cases, etc. on the basis of the orders of competent authority. 


SB Order 08/2022 PDF download

Click here to download the PDF file of SB order 08 2022.

Today I explained here SB order 08/2022 in detail. All post offices should have to follow this SB order for correction of interest through HACINT menu in Finacle.