Edit Maturity Instruction

At any point in time, a customer may want to change the Principal & Interest credit account number set at the time of opening this deposit. The Edit Maturity Instruction feature allows a customer to select the new account where he/she wish to take maturity proceeds.

You are here How to reach here:

Dashboard >My Accounts Widget > Recurring Deposits > More Information > Deposit Details > Edit
OR
Dashboard >My Accounts Widget > Recurring Deposits > More Information > Edit Maturity Instructions OR
Dashboard > Toggle menu > Accounts > Recurring Deposits > Edit Maturity Instructions

To edit the maturity details:

From the Select Account list of Select Account popup window, select the appropriate account for redemption.

Field Description

Field Name	Description
Select Account
Select Account	Account number in masked format along with the account nickname (if defined) of the recurring deposit that is being redeemed. For more information on Account Nickname, refer Account Nickname.

Field Name

Description

Select Account

Account number in masked format along with the account nickname (if defined) of the recurring deposit that is being redeemed.

For more information on Account Nickname, refer Account Nickname.

Click Proceed to modify the maturity instruction.
The Edit Maturity Details screen appears.
OR
Click Cancel to cancel the transaction.

Field Description

Field Name	Description
Account Number	Displays the recurring deposit account number in the masked format which customer selected at the time of view deposit details option along with the nickname (if defined) are displayed. For more information on Account Nickname, click here.
Balance	Displays the current balance of the recurring deposit account.
Maturity Instruction	Displays the maturity instruction set for the recurring deposit at the time of opening the deposit. The option is: Close on Maturity
Pay To	The customer is require to select current and savings account of the bank to which the funds are to be transferred. All the customer’s current and savings accounts held with the bank will be listed down and available for selection. Account transfer options are: Own accounts Internal Bank Account Domestic Bank Account
Following fields is displayed if the customer select Own Account option in the Pay To field.
Principal & Interest Credit Account Number	An Account to which the funds are to be transferred at maturity. All the customer’s current and savings accounts held with the bank will be listed down and available for selection.
Beneficiary Name	Displays the name of the holder of the account selected in Principal & Interest Credit Account Number.
Following fields is displayed if the customer select Internal Account option in the Pay To field.
Principal & Interest Credit Account Number	Customer has to specify the Account number to which the funds are to be transferred at maturity.
Confirm Principal & Interest Credit Account Number	User has to confirm an Account number to which the funds are to be transferred at maturity.
This section is displayed if the customer select Domestic Bank Account option in Pay To field.
Principal & Interest Credit Account Number	Customer has to specify the Account number to which the funds are to be transferred at maturity.
Confirm Principal & Interest Credit Account Number	User has to confirm an Account number to which the funds are to be transferred at maturity.
Account Name	Name of the account holder who will be the beneficiary to whom funds will be transferred once the deposit matures.
Bank Code	The bank code for transferring the maturity proceeds.
Look Up Bank Code	Search option to look for bank code of the destination account.
The following fields and values will be displayed once the customer has specified a bank code.
Bank Name	Name of the beneficiary bank.
Bank Address	Address of the beneficiary bank.
City	City of the beneficiary bank.

From the Pay To list, select the appropriate beneficiary account.
The beneficiary's bank detail along with the beneficiary name appears.
If you select Internal Account option in Pay To field;
In the Principal & Interest Credit Account Number list, enter an appropriate account for maturity proceeds.
If you select Domestic Bank Account option in Pay To field;
In the Principal & Interest Credit Account Number field, enter an appropriate account for maturity proceeds.
In the Account Name field, enter the name of the account holder who will be the beneficiary to whom funds will be transferred once the deposit matures.
In the Bank Code field, enter the bank code in which the beneficiary account is held. or select it from the look up.
Click Submit to verify and fetch bank details based on Bank Code (BIC).
If you select Own Account option in Pay To field;
From the Principal & Interest Credit Account Number list, select an appropriate current and savings account for maturity proceeds.
The beneficence name and its bank details appears.
Click Save to save the changes.
OR
Click Back to modify details if any.
The Review screen appears. Verify the details and click Confirm.
OR
Click Back to modify details if any.
OR
Click Cancel to cancel the transaction.
The Verification screen appears. The user has to pass the 2factor authentication, before he can proceed.
Note: The 2 factor authentication (OTP/Security question/Soft Token) will be as per the setup done by system administrator.
The success message of request submitted along with the transaction reference number appears.
Click Go To Dashboard to go to Dashboard screen.
OR
Click Go To Account Details to view the deposit details.

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