This chapter contains the following sections:
This section contains the following topics:
You have the option of allowing manual receipt of instalments. Invoke the ‘Recurring Deposits Payment Input’ screen from the Application by typing ‘ICDRDPMT’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.
On invoking this screen, all the outstanding and future installments are displayed. You can choose to pay any multiple of the installment amount. To do this, the system will clear all the overdue amounts first and then allocate the amounts to current and future installments.
Normal Payment
Select this option to indicate the payment as a normal RD payment. When this option is selected ‘Recurring Deposit’ and ‘Flexible Recurring Deposit’ account fields are displayed.
Top up Payment
Specify the following details.
Branch Code
Specify the branch where the RD resides. The adjoining option list displays all valid branch codes maintained in the system. You can select the appropriate one.
Transaction Date
The system displays the date on which the transaction is initiated.
RD Account Number
Specify the RD Account Number. You can also choose the appropriate one from the option list. The option list displays the deposit type of accounts maintained in the system.
To view the joint holder’s details of an account and the mode of operation maintained at the account level, place the cursor on the RD Account Number field and press Ctrl+J. The system displays the ‘Joint Holder’ screen.
For more information on the ‘Joint Holder’ screen refer to the section ‘Joint Holder Maintenance’ in the Core User Manual.
Maturity Date
The system display the maturity date of the RD, on specifying the recurring deposit account.
Installment amount
The system displays the installment amount for the RD, on specifying the recurring deposit account.
CCY
The system displays the currency for the RD, on specifying the recurring deposit account.
Specify the following details.
Payment Branch Code
Specify the code assigned to the branch in which the payment is to be made. The adjoining option list displays all valid branch codes maintained in the system. You can select the appropriate one.
Product Code
Specify the retail teller product with combination of ARC maintenance. You have to ensure that the retail teller product is enabled for RD payments by checking the field ‘RD Payments allowed’ at the teller product level maintenance-preferences screen.
Payment Account Number
Specify the payment account number used for manual payment for the RD. The adjoining option list displays all valid savings account and current accounts maintained in the system. You can select the appropriate one.
Exchange Rate
Specify the exchange rate, if the account currency is different from the currency in which the payment amount is expressed.
Applied FX Rate
The FX rate entered by the user.
In the followiing scenarios the Applied FX rate should be equal to the Original FX rate:
Amount In Payment Currency
Click the P button to generate the paid amount in the specified currency.
Payment Currency
Specify the currency in which the payment is being made. The adjoining option list displays all valid currency codes maintained in the system. You can select the appropriate one.
Payment Amount
Specify the amount deposited as payment. Here you can specify the installment amount or the complete deposit amount in multiples of the a installment amount.
Minimum Payment Amount
The system displays the installment amount indicating the minimum amount that can be deposited in the RD account.
After entering the RD accounts payment details, click ‘P' button. The system then calculates the paid amount and displays them in the respective fields.
Paid Amount
The paid amount.
Amount Due
The amount due.
Charge Amount
The charge amount.
Mode of Transaction
The mode of transaction such as cash or through the customer’s bank account.
Receipt ID
The ID of the recipt received after the payment.
On click of ‘P’ button, along with paid amount, the system calculates the due days, due date, instalment amount and RD contract status.
Due Date
The system displays due date of the installment
Installment Amount
The system displays installment amount.
Payment Date
Specify payment date for the RD. Normally, the payment date is the same as the transaction date. You can change the date and click ‘P’ button to automatically populate the update ‘Due Date’ and ‘Instalment Amount’.
Due Days
The system displays overdue days in case payment is overdue.
Click ‘Events’ button in the ‘Recurring Deposits Payment Input’ screen and view accounting entries.
All User Defined Fields (UDFs) linked to the function ID ‘ICDRDPMT’ are displayed in the ‘User Defined Fields’ screen. Invoke this screen by clicking ‘Fields’ button on the ‘Recurring Deposit Payment Input’ screen.
Here you can specify values for each UDF.
Refer the User Manual titled ‘User Defined Field’ for details about defining UDFs.Click ‘Fields’ button on the ‘TD Accounts Maintenance’ screen and invoke the ‘User Defined Fields’ screen.
You can view summary of all RD payments using the ‘Recurring Deposit Payment Summary’ screen. To invoke this screen, type ‘ICSRDPMT’ in the field at the top right corner of the Application tool bar and click the adjoining arrow button.
You can query on records based on any one or all of the following criteria:
Click ‘Search’ button. The system identifies all records satisfying the specified criteria and displays the following details for each one of them:
Double click on a record to invoke the detailed screen for that record.
You can reverse the payments made to the RD account rather the installment amounts to the recurring deposit account. Invoke the ‘Recurring Deposit Payments Reversal’ screen from the application browser. You can also invoke this screen by typing ‘ICDRDREV’ in the field at the top right corner of the Application tool bar and clicking the adjoining arrow button.
Here you can capture the following details.
Branch Code
Specify the code assigned to the branch in which the payment is to be made. You can also choose the branch code from the adjoining option list.
RD Account Number
Specify the recurring account number for which the installments are to be collected. The system displays the recurring deposit accounts that are in open and authorized status in the adjoining option list. You can choose the appropriate one from this list.
To view the joint holder’s details of an account and the mode of operation maintained at the account level, place the cursor on the RD Account Number field and press Ctrl+J. The system displays the ‘Joint Holder’ screen.
For more information on the ‘Joint Holder’ screen refer to the section ‘Joint Holder Maintenance’ in the Core User Manual.
Transaction Date
The system displays the transaction date for which reversal is supposed to be initiated.
Auth Status
The system displays the authorization status.
Contract Status
The system displays the contract status.
Reversal of a payment transaction can be done from this screen. When a transaction is reversed, the system updates the contract status as ‘V’ (Reversed).