22. Annexure C - IC Rule Set-up

This Annexure lists the Interest and Charge (IC) rules that need to be maintained for the CASA module of Oracle FLEXCUBE. It also gives the UDEs and rates for which values need to be maintained.

This chapter contains the following sections:

• Section 22.1, "IC Rule Maintenance"
• Section 22.2, "UDE Value Maintenance"
• Section 22.3, "IC Rates Maintenance"

22.1 IC Rule Maintenance

This section contains the following topics:

• Section 22.1.1, "Maintaining IC Rule"
• Section 22.1.2, "Interest on Saving and Current Bank Accounts for Retail Customer"
• Section 22.1.3, "Debit Interest on Current Accounts"
• Section 22.1.4, "Interest on Current account for Corporate Customer"
• Section 22.1.5, "Charge as Dr Interest when the Balance is Less than Minimum Average Balance"
• Section 22.1.6, "Dormancy Charge"

22.1.1 Maintaining IC Rule

The components required to calculate interest (the principal, period, and rate) are broadly referred to as ‘Data Elements’. Data elements are of two types:

• System Data Elements (SDEs)
• User Data Elements (UDEs)

In addition to specifying how the SDEs and UDEs are connected through the formulae, you also define certain other attributes for a rule using the ‘Interest and Charges Rule Maintenance’ screen. You can invoke this screen by typing ‘ICDRLMNT’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.

For details about the screen, refer the chapter ‘Maintaining Interest Rules’ in the Interest and Charges User Manual.

You can maintain rules for the following:

• Interest on Saving and Current Bank Accounts for Retail Customer
• Debit Interest on Current Accounts
• Interest on Current account for Corporate Customer
• Interest on Saving and Current Bank Accounts for Retail Customer
• Charge as Dr Interest when the balance is Less than minimum average balance
• Dormancy Charge

22.1.2 Interest on Saving and Current Bank Accounts for Retail Customer

Specify the following details:

On Account Opening Month

Check this box.

On Account Closure Month

Check this box.

SDE

Maintain the following SDEs:

• DAYS
• VD_DLY_CR_BAL_M
• YEAR
• VD_DLY_DR_BAL_M

UDE

Maintain the following UDEs:

User Defined Elements	Type
NORMAL_RATE1	Rate
NORMAL_RATE2	Rate
NORMAL_RATE3	Rate
NORMAL_RATE4	Rate
AMOUNT1	Amount
AMOUNT2	Amount
AMOUNT3	Amount
TAX1	Rate

Get Latest

For each of the UDEs, select the option ‘Use Effective’ from the adjoining drop-down list.

Click ‘Formulas’ button and invoke the ‘Formulas’ screen.

You need to maintain two booked formulae and one tax formula.

Formula 1

Specify the following details:

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Debit/Credit

Select ‘Credit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen.

In this screen, specify the following expressions:

Case	Result
(VD_DLY_CR_BAL_M >=0 AND VD_DLY_CR_BAL_M <= AMOUNT2)	(VD_DLY_CR_BAL_M*NORMAL_RATE1*DAYS)/(YEAR*100)
(VD_DLY_CR_BAL_M > AMOUNT2	(VD_DLY_CR_BAL_M*NORMAL_RATE3*DAYS)/(YEAR*100)

Formula 2

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
VD_DLY_DR_BAL_M >=AMOUNT3	(VD_DLY_CR_BAL_M*NORMAL_RATE1*DAYS)/(YEAR*100)
(VD_DLY_DR_BAL_M <AMOUNT3	(VD_DLY_DR_BAL_M*NORMAL_RATE4*DAYS)/(YEAR*100)

Formula 3

Specify the following details:

Book Flag

Select ‘Tax’ from the adjoining drop-down list.

Periodicity

Select ‘Periodic’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Leave this box unchecked.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
FORMULA1 > AMOUNT1	(TRUNC((FORMULA1*TAX1)/100)
(FORMULA1 < AMOUNT1	0

22.1.3 Debit Interest on Current Accounts

Specify the following details:

On Account Opening Month

Check this box.

On Account Closure Month

Check this box.

SDE

Maintain the following SDEs:

• DAYS
• DLY_NET_BAL_M
• YEAR
• ACCOUNT_LIMIT

UDE

Maintain the following UDEs:

• NORMAL_RATE1
• NORMAL_RATE2
• NORMAL_RATE3

Type

For each of the UDEs, select the option ‘Rate’ from the adjoining drop-down list.

Get Latest

For each of the UDEs, select the option ‘Use Effective’ from the adjoining drop-down list.

Click ‘Formulas’ button and invoke the ‘Formulas’ screen. You need to maintain two booked formulae and one non-booked formula.

Formula 1

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Periodic’ from the adjoining drop-down list.

Debit/Credit

Select ‘Credit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expression:

Case	Result
DLY_NET_BAL_M > 0	ABS((DLY_NET_BAL_M*NORMAL_RATE1*DAYS)/(YEAR*100))

Formula 2

Specify the following details:

Book Flag

Select ‘Non-Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expression:

Case	Result
DLY_NET_BAL_M <0	ABS(DLY_NET_BAL_M)

Formula 3

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box if rounding is required.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
FORMULA2> ACCOUNT_LIMIT	ABS((DLY_NET_BAL_M*NORMAL_RATE2*DAYS)/(YEAR*100))
FORMULA2< ACCOUNT_LIMIT	ABS((DLY_NET_BAL_M*NORMAL_RATE3*DAYS)/(YEAR*100))

22.1.4 Interest on Current account for Corporate Customer

Specify the following details:

On Account Opening Month

Check this box.

On Account Closure Month

Check this box.

SDE

Maintain the following SDEs:

• DAYS
• MON_AVG_BAL_M
• RD_INSTALL_DUE

UDE

Maintain the following UDEs:

User Defined Elements	Type
RATE1	Rate
RATE2	Rate
AMOUNT1	Amount
AMOUNT2	Amount
TAX1	Rate
TAX2	Rate

Get Latest

For each of the UDEs, select the option ‘Use Effective’ from the adjoining drop-down list.

Click ‘Formulas’ button and invoke the ‘Formulas’ screen. You need to maintain two booked formulae and one tax formula.

Formula 1

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Periodic’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box.

Interest Method Default From Currency Definition

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expression:

Case	Result
( MON_AVG_BAL <0	ABS((MON_AVG_BAL*RATE1*DAYS)/(YEAR*100))

Formula 2

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Periodic’ from the adjoining drop-down list.

Debit/Credit

Select ‘Credit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expression:

Case	Result
MON_AVG_BAL >0	ABS((MON_AVG_BAL*RATE2*DAYS)/(YEAR*100))

Formula 3

Specify the following details:

Book Flag

Select ‘Tax’ from the adjoining drop-down list.

Periodicity

Select ‘Periodic’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Leave the box unchecked.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
FORMULA2 < AMOUNT1	0
FORMULA2>AMOUNT1	TRUNC((FORMULA2*TAX1)/100)
FORMULA2>AMOUNT2	TRUNC((FORMULA2*TAX2)/100)

22.1.4.1 Interest on Saving and Current Bank Accounts for Retail Customer

Specify the following details:

On Account Opening Month

Check this box.

On Account Closure Month

Check this box.

SDE

Maintain the following SDEs:

• DAYS
• VD_DLY_CR_BAL_M
• VD_DLY_DR_BAL_M
• YEAR

UDE

Maintain the following UDEs:

User Defined Elements	Type
NORMAL_RATE1	Rate
NORMAL_RATE2	Rate
NORMAL_RATE3	Rate
NORMAL_RATE4	Rate
AMOUNT1	Amount
AMOUNT2	Amount
AMOUNT3	Amount
TAX1	Rate

Get Latest

For each of the UDEs, select the option ‘Use Effective’ from the adjoining drop-down list.

Click ‘Formulas’ button and invoke the ‘Formulas’ screen. You need to maintain two booked formulae and one tax formula.

Formula 1

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Debit/Credit

Select ‘Credit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box..

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen you need to maintain the following expressions.

Case	Result
VD_DLY_CR_BAL_M >=0 AND VD_DLY_CR_BAL_M <= AMOUNT2	(VD_DLY_CR_BAL_M*NORMAL_RATE1*DAYS)/(YEAR*100)
VD_DLY_CR_BAL_M > AMOUNT2	(VD_DLY_CR_BAL_M*NORMAL_RATE3*DAYS)/(YEAR*100)

Formula 2

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
VD_DLY_DR_BAL_M >=AMOUNT3	(VD_DLY_DR_BAL_M*NORMAL_RATE2*DAYS)/(YEAR*100)
(VD_DLY_DR_BAL_M <AMOUNT3	(VD_DLY_DR_BAL_M*NORMAL_RATE4*DAYS)/(YEAR*100)

Formula 3

Specify the following details:

Book Flag

Select ‘Tax’ from the adjoining drop-down list.

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Leave this box unchecked.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
FORMULA1 > AMOUNT1	(TRUNC((FORMULA1*TAX1)/100)
(FORMULA1 < AMOUNT1	0

22.1.4.2 Interest on Saving and Current Bank Accounts for Retail Customer

Specify the following details:

On Account Opening Month

Check this box.

On Account Closure Month

Leave this box unchecked.

SDE

Maintain the following SDEs:

• DAYS
• VD_DLY_CR_BAL_M
• VD_DLY_DR_BAL_M
• YEAR

UDE

Maintain the following UDEs:

User Defined Elements	Type
NORMAL_RATE1	Rate
NORMAL_RATE2	Rate
NORMAL_RATE3	Rate
NORMAL_RATE4	Rate
AMOUNT2	Amount
AMOUNT3	Amount

Get Latest

For each of the UDEs, select the option ‘Use Effective’ from the adjoining drop-down list.

Click ‘Formulas’ button and invoke the ‘Formulas’ screen. You need to maintain two booked formulae.

Formula 1

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Debit/Credit

Select ‘Credit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
(VD_DLY_CR_BAL_M*NOR­MAL_RATE1*DAYS)/(YEAR*100)	(VD_DLY_CR_BAL_M*NORMAL_RATE1*DAYS)/(YEAR*100)
VD_DLY_CR_BAL_M > AMOUNT2	(VD_DLY_CR_BAL_M*NORMAL_RATE3*DAYS)/(YEAR*100)

Formula 2

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Check this box.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
VD_DLY_DR_BAL_M >=AMOUNT3	(VD_DLY_DR_BAL_M*NORMAL_RATE2*DAYS)/(YEAR*100)
VD_DLY_DR_BAL_M <AMOUNT3	(VD_DLY_DR_BAL_M*NORMAL_RATE4*DAYS)/(YEAR*100)

22.1.5 Charge as Dr Interest when the Balance is Less than Minimum Average Balance

Specify the following details:

On Account Opening Month

Check this box.

On Account Closure Month

Check this box.

SDE

Maintain the following SDEs:

• MIN_BAL_REQD
• MON_AVG_BAL

UDE

Maintain the following UDEs:

User Defined Elements	Type
AVSLAMT1	Amount
AVSLAMT2	Amount
AVSLAMT3	Amount
AVSLAMT4	Amount
AVSLAMT5	Amount
CHGAMT1	Amount
CHGAMT2	Amount
CHGAMT3	Amount
CHGAMT4	Amount
CHGAMT5	Amount
TAX3	Rate

Get Latest

For each of the UDEs, select the option ‘Use Effective’ from the adjoining drop-down list.

Click ‘Formulas’ button and invoke the ‘Formulas’ screen. You need to maintain one booked formula and one tax formula.

Formula 1

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Periodic’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Leave this box unchecked.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
MON_AVG_BAL >0 AND MON_AVG_BAL > MIN_BAL_REQD	0
MON_AVG_BAL < AVSLAMT1	CHGAMT1
MON_AVG_BAL < AVSLAMT2 AND MON_AVG_BAL > AVSLAMT1	CHGAMT2
MON_AVG_BAL < AVSLAMT3 AND MON_AVG_BAL > AVSLAMT2	CHGAMT3
MON_AVG_BAL < AVSLAMT4 AND MON_AVG_BAL > AVSLAMT3	CHGAMT4
MON_AVG_BAL < AVSLAMT5 AND MON_AVG_BAL > AVSLAMT4	CHGAMT5

Formula 2

Specify the following details:

Book Flag

Select ‘Tax’ from the adjoining drop-down list.

Periodicity

Select ‘Periodic’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘365’ from the adjoining drop-down list.

Accrual Required

Leave this box unchecked.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expression:

Case	Result
FORMULA1 >0 AND FORMULA1 < MON_AVG_BAL	TRUNC((FORMULA1*TAX3)/100)

22.1.6 Dormancy Charge

Specify the following details:

On Account Opening Month

Check this box.

On Account Closure Month

Check this box.

SDE

Maintain the following SDEs:

• AC_DORMANCY_DAYS
• AC_DORMANT

UDE

Maintain the following UDEs:

• DORM_CH_PER_DAY1,
• DORM_CH_PER_DAY2

Type

For each of the UDEs, select the option ‘Amount’ from the adjoining drop-down list.

Get Latest

For each of the UDEs, select the option ‘Use Effective’ from the adjoining drop-down list.

Click ‘Formulas’ button and invoke the ‘Formulas’ screen. You need to maintain one booked formula.

Formula 1

Specify the following details:

Book Flag

Select ‘Booked’ from the adjoining drop-down list.

Periodicity

Select ‘Daily’ from the adjoining drop-down list.

Debit/Credit

Select ‘Debit’ from the adjoining drop-down list.

Days in a Month

Select ‘Actuals’ from the adjoining drop-down list.

Days in a Year

Select ‘Actuals’ from the adjoining drop-down list.

Accrual Required

Leave this box unchecked.

Rounding Required

Check this box.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expressions:

Case	Result
AC_DORMANT =1 AND (AC_DOR­MANCY_DAYS >=1 AND AC_DOR­MANCY_DAYS <=30)	AC_DORMANCY_­DAYS*DORM_CH_PER_DAY1
AC_DORMANT =1 AND AC_DOR­MANCY_DAYS >30	AC_DORMANCY_­DAYS*DORM_CH_PER_DAY2

22.2 UDE Value Maintenance

This section contains the following topics:

• Section 22.2.1, "Maintaining UDE Value"
• Section 22.2.2, "Interest on Saving and current Bank Accounts for Retail Customer"
• Section 22.2.3, "Debit Interest on Current Accounts "
• Section 22.2.4, "Interest on Current account for Corporate Customer"
• Section 22.2.5, "Interest on Liqd Before Month End on Saving and Current Bank Accounts For Retail Customer"
• Section 22.2.6, "Interest on Saving and Current Bank Accounts For Retail Customer"
• Section 22.2.7, "Charge On Less Average Balance"
• Section 22.2.8, "Stamp Duty Taxation"

22.2.1 Maintaining UDE Value

You can maintain UDE values for the rules using the ‘Interest and Charges User Data Element Maintenance’ screen. You can invoke the ‘Interest and Charges User Data Element Maintenance’ screen by typing ‘ICDUDVAL’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.

For details about the screen, refer the chapter ‘Giving UDE Values for Condition’ in the Interest and Charges User Manual.

In this screen, you need to maintain the following UDEs for the different IC products. Assume that you have maintained the following interest products:

• Interest on Saving and Current Bank Accounts for Retail Customer
• Debit Interest on Current Accounts
• Interest on Current account for Corporate Customer
• Interest Liquidation before month end on Saving and Current Bank Accounts For Retail Customer
• Interest On Saving and Current Bank Accounts For Retail Customer
• Charge On Less Average Balance

22.2.2 Interest on Saving and current Bank Accounts for Retail Customer

You need to maintain values for the following UDEs under this product:

• NORMAL_RATE1
• NORMAL_RATE2
• NORMAL_RATE3
• NORMAL_RATE4
• AMOUNT1
• AMOUNT2
• AMOUNT3
• TAX1

22.2.3 Debit Interest on Current Accounts

You need to maintain values for the following UDEs under this product:

• NORMAL_RATE1
• NORMAL_RATE2
• NORMAL_RATE3

22.2.4 Interest on Current account for Corporate Customer

You need to maintain values for the following UDEs under this product:

• RATE1
• RATE2
• AMOUNT1
• AMOUNT2
• TAX1
• TAX2

22.2.5 Interest on Liqd Before Month End on Saving and Current Bank Ac­counts For Retail Customer

You need to maintain values for the following UDEs under this product:

• NORMAL_RATE1
• NORMAL_RATE2
• NORMAL_RATE3
• NORMAL_RATE4
• AMOUNT1
• AMOUNT2
• AMOUNT3
• TAX1

22.2.6 Interest on Saving and Current Bank Accounts For Retail Customer

You need to maintain values for the following UDEs under this product:

• NORMAL_RATE1
• NORMAL_RATE2
• NORMAL_RATE3
• NORMAL_RATE4
• AMOUNT2
• AMOUNT3

22.2.7 Charge On Less Average Balance

You need to maintain values for the following UDEs under this product:

• AVSLAMT5
• AVSLAMT4
• AVSLAMT3
• CHGAMT3
• CHGAMT2
• CHGAMT1
• AVSLAMT2
• CHGAMT4
• CHGAMT3
• CHGAMT2
• AVSLAMT1
• TAX3
• CHGAMT5
• CHGAMT4
• CHGAMT3
• CHGAMT2
• CHGAMT1
• TAX3
• CHGAMT5
• CHGAMT4
• AVSLAMT5
• AVSLAMT1
• TAX3
• CHGAMT5
• AVSLAMT4
• AVSLAMT3
• AVSLAMT2
• CHGAMT2
• CHGAMT1
• CHGAMT4
• CHGAMT3
• AVSLAMT5
• AVSLAMT2
• AVSLAMT1
• AVSLAMT4
• AVSLAMT3
• CHGAMT5
• AVSLAMT4
• AVSLAMT3
• CHGAMT1
• AVSLAMT5
• AVSLAMT2
• AVSLAMT1
• TAX3
• DORM_CH_PER_DAY2
• DORM_CH_PER_DAY2
• DORM_CH_PER_DAY1
• DORM_CH_PER_DAY1
• DORM_CH_PER_DAY1
• DORM_CH_PER_DAY2
• DORM_CH_PER_DAY2
• DORM_CH_PER_DAY1
• DORM_CH_PER_DAY1
• DORM_CH_PER_DAY2
• DORM_CH_PER_DAY2
• DORM_CH_PER_DAY1
• DORM_CH_PER_DAY2
• DORM_CH_PER_DAY1
• DORM_CH_PER_DAY1
• DORM_CH_PER_DAY2

22.2.8 Stamp Duty Taxation

You need to maintain value for the UDE, STAMP_DUTY, under this product.

In addition to specifying how the SDEs and UDEs are connected through the formulae, you also need to define certain other attributes for a rule using the ‘Interest and Charges Rule Maintenance’ screen. You can invoke this screen by typing ‘ICDRLMNT’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.

Specify the following parameters in the Formulas section of the Interest & Charges Rule Maintenance screen:

Debit/Credit

Select ‘Debit’ from the Debit/Credit list.

Book Flag

Select ‘Booked’ from the Book Flag list.

Periodicity

Select ‘Quarterly’ from the Periodicity list.

Click ‘Formula Wizard’ button and invoke the ‘Formula Wizard’ screen. In this screen, you need to maintain the following expression:

Case	Result
CURRENT_BAL < 0	((CURRENT_BAL*STAMP_DUTY) * -1)

22.3 IC Rates Maintenance

You can maintain rate codes for branches using the ‘Interest and Charges Branch Availability Maintenance’ screen. You can invoke this screen by typing ‘ICDRESTR’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.

You need to maintain the following rate code for all branches of your bank:

• FLOATRATE

For the aforesaid rate code, you need to maintain rates and effective dates in the ‘Interest and Charges Rate Input’ screen. You can invoke the ‘Interest and Charges Rate Input’ screen by typing ‘ICDRATES’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.

These rates are picked up by the CASA module while processing interest applicable on a CASA.

Refer the chapter ‘Floating Rate Codes for IC Module’ for details about rate maintenance.