This module will not be further enhanced. Support is limited to defect fixing only.

Introduction to Salary Blocking

This module enables banks to safeguard loan payments by locking the installment amount once the salary is credited to the settlement account.

Banks need to have the salary blocked for a particular customer account when he or she has a loan with the same bank. The customer will receive the salary by the end of a month and will have a loan repayment scheduled during the first week of the next month. In this case, a block is placed in the customer's account for the amount equal to that of the loan instalment. On the day of the loan repayment, the block amount will be released automatically by the system. Banks will be ensured that a salaried person pays their loans on time and avoid going overdue.

The following items have been introduced as part of this module:

• The SALBLK.SAL.BLOCK.PARAM application is used to define which customer, product, category, etc. can be exempted from salary blocking and allows users to define which property has to be configured for calculating the salary block amount.
• The SALBLK.SAL.BLOCK.DIFF.CURR enquiry is used to list all the locked amounts when the currency of the salary is different from the currency of the loan.
• The SALBLK.SALARY.LOCK application is used to store the lock amount details.
• The SALBLK.SALARY.LOCK.HIS application is used to store the lock amount history details.