Payment of Closure Amount through Cheque for POSB in APT Application:

Dear All,

Payment of Closure Amount through Cheque for  POSB in APT Application: 

1. After closing the  any POSB accounts and crediting the closure amount to the Finacle office account 340, initiate a cheque request through the Treasury module by navigating to:

Miscellaneous Receipts/Payments →

o Select Transaction Type: Payments

o Select Transaction Mode: Cheque

o Enter the Payee Name

o Enter appropriate Remarks

o Select Account Code: 8671005000 – POSB Payment Cheque Issued

o Enter the Amount

2. The Treasury Supervisor must forward the request to the Head Office (HO) by using:

Treasury → Approval of Miscellaneous Receipts/Payments → Forward

3. The HO Treasury will issue the cheque in the Bank module by navigating to:

Drawing Management → View Details → Issue Cheque

4. The issued cheque will automatically flow to the Source Office Treasurer.

5. The source office supervisor should approve the transactions

6. The Treasurer will then dispose of the cheque using:

Treasury → Cash/Cheque → Cheque Disposal