About Products
A product is a financial offering by a financial institution to its clients. Products are set up once
and are then available to qualifying clients (individuals, groups, and centers).
Financial institutions can set up and configure:
- Loan Products
- Deposit Products:
- Savings Products (current and saving accounts)
- Share products
- Term deposit products
Each product may have one or more associated charges (i.e. fees and penalties). These charges need to be defined before they can be associated with a product. To learn about charges see Charges.
Your system administrator will define which users are able to define products, charges and product mix.
About Saving Products
About Fixed Deposit Products
About Recurring Deposit Products
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On this page:
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Modify a Loan Product
This will touch on what happens to accounts that already exist when you edit a current product (what we discussed on the phone).
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