Deposit Accounts
- Ed Cable
- Massabe Lydiane
- Laurie Wilmot (Unlicensed)
Creating a Deposit Account (for Fixed Deposit Product)
- Go to the Clients List by navigating to Clients → Clients from the top menu bar.
- Select the Client (for whom the FD account needs to be created) from the list of clients.
- In the Client's profile, click on the 'More' option and click on 'New Fixed Deposit' from the drop-down menu.
- After clicking on 'New Fixed Deposit', the Fixed Deposit Application will open (as shown below).
NOTE: Fields with a red asterisk "*" beside them are mandatory.
Field Name | Description | Example | Validations |
|---|---|---|---|
Submitted On | Enter the FD Application Submitted Date provided by the Client. | ||
Deposit Amount | Enter the Deposit Amount (it should be between the minimum and maximum deposit amount provided in the FD product). | ||
Deposit Period | Provide the duration of the deposition. | ||
Locking Period | The amount can be locked for a given period during which withdrawal or premature closure of FD Account is not possible. | ||
Link Savings | Once the FD reaches to maturity, the interest can be posted to the given savings account. |
5. Once all the details are entered in the FD application and the application has been submitted, it needs to be approved with the date of approval.
6. Finally, the FD account needs to be activated with the specified date. Click on the blue "Activate" button in the top-right corner to activate.
For more information on how to create Recurring Deposit Accounts, see Recurring Deposit Account.