PPB ‘A’ is having a current account and the minimum balance required is Rs. 5,000/. The present bal

PPB ‘A’ is having a current account and the minimum balance required is Rs. 5,000/. The present balance is Rs. 6,000/-. A cheque is presented in clearing for Rs. 6,000/- Now a) You will return the cheque b) You will pass the cheque. c) You will pass the cheque and close the account d) None of the above

 

B. We cannot stop d cheque payment becz of min bal instructions.. But if lien is marked by the system for min bal we cannot remove d lien

 

What is lien and where in the system it is marked ?

 

Lien means freezing the amount of money u want cus cant withdraw.. It s done using command ALM in finacle. It blocks the specific amt only and not d full amt

 

We can pass the chq, if the acnt is not undr lien..