Handling of Joint Accounts

Banks can now upload a specified list of joint accounts with ability to apportion account balances across the customers holding the account jointly. The application picks up the share of balances and accurately computes profitability for the joint holders.

Business Benefit:

Different jurisdictions have different rules on how to attribute joint account income. This enhancement allows banks flexibility in the attribution and accurately report customer level profitability

Steps to Enable

You don't need to do anything to enable this feature.