For customers requesting for issue of Demand Draft/ Manager’s Cheque, Oracle Banking Payments has a provision to capture the details of the instrument to be issued and allocate a unique instrument number for the same.

When the instrument is presented for payment, the receiving bank presents the same in local clearing to the bank which issued the instrument. The payment of the instrument can also be effected by internal transfer the proceeds to Beneficiary’s account held with the issuing bank itself.

• Instrument Maintenances
  
• Instrument Transactions