This feature enables a customer to invest any surplus amount he might have, into an existing term deposit. Customers can top-up an existing term deposit with the desired and permissible top-up amount.
The application not only displays the current investment position of the term deposit, but also has the provision to calculate the revised maturity amount, interest rate and total investment before top-up confirmation. The customer can fund the top-up using any of his current or savings accounts held with the bank.
How to reach here:
Dashboard > Term Deposits > My Deposit page > Overview > Term Deposit Account Card > Deposit Details > Top Up
OR
Accounts > Term Deposits > Top Up
Field Name |
Description |
---|---|
Primary Customer |
The name of the primary account holder. |
Account Number |
Account number along with account nickname of the term deposit for which top-up is to be done. |
Current Balance |
The current principal amount of the term deposit. |
Top-up Amount |
The amount by which the term deposit is to be topped up |
Maximum Deposit amount applicable for Top-up |
The maximum amount by which the term deposit can be topped up will be displayed below the Top UP Amount field. |
Top up amount in Multiple of (X amount with currency) |
The denominations in which top up can be made. |
Revised Principal Amount |
The revised principal amount once top up amount is defined. |
Revised Maturity Amount |
The revised maturity amount of the deposit will be displayed, once top up amount has been defined. |
Revised Interest Rate |
The revised interest rate applicable on the deposit will be displayed once top up amount has been defined. |
Source Account |
The customer is required to select a current or savings account held with the bank, which will be debited in order to top up the deposit account. All the current and savings accounts of the customer along with nickname, if defined, will be listed down. |
Source Account Balance |
Account balance of the source account will be displayed once an account has been selected. |
To top-up the term deposit:
Click
OR
Click to cancel the transaction.