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Use-case: Creating/Setting up a Deposit Account
Question: Shiva, is this now better termed as 'deposit account application' use case based on implementation from madhukar?
When setting up/creating a deposit account the following details need to be known:
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Use-case: Activation/Commencement of Deposit Account
Question: Shiva, is this the 'approval' use case that was implemented by madhukar or is Approval something different?
The deposit account may commence on the exact date given when 'creating/settingup' the deposit account. The date on when the 'deposit' transaction is received by the bank/mfi is the date typically from which the deposit account becomes 'active'.
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- Maturity date: Recalculate the projected maturity date given the current commencement date and tenure length.
- Accrued interest on maturity: Recalucate the the amount of projected interest accrued given the current deposit amount and tenure.
- Maturity amount: Recalculate using new projected interest accrued
- Account status: The status of the account should transition from 'PRE-ACTIVATION' to 'ACTIVE'.
- Record of deposit transaction: When account is activated, a transaction recording transaction related information such as date, amount and type of transaction (DEPOSIT) should be recorded.
Use-case: Rejection of 'deposit account application'
Shiva can you update here?
Use-case: Rejection of 'deposit account application'
Shiva can you update here?
Use-case: Withdrawal and closure on Maturity of Deposit Account
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