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  • Maturity date: Recalculate the projected maturity date given the current commencement date and tenure length.
  • 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
  • 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.
  • Status: Status of deposit account moves from SUBMITTED_AND_AWAITING_APPROVAL to ACTIVE ?

Use Case: Undo Approval

This is a negative scenario and rarely used cases, can be used only when approver feels that there is still some discussions left with the depositor before adding a FD account.

  • Status: Is changed from "Active" to "SUBMITTED_AND_AWAITING_APPROVAL"
  • Last modified values as illustrated in "Use-case: Approval of Deposit Account" will be retained upon doing an Undo approval of an FD.

Use-case: Rejection of 'deposit account application'

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