1.2 Account Class

You can classify the bank customer accounts into different groups and assign an identification code to each group.

For example, you can define groups called CORCUR for corporate current accounts, CORMCU for corporate multi-currency current accounts, and INDLSB for local currency savings accounts held by individuals.

Each group is called an Account Class and is maintained in the Account Class screen. For each class, you can also define certain common fields applicable to the accounts in this class, such as the General Ledger lines to which the accounts in this class report, facilities given to the account holders (chequebook, ATM, limits, and so on).

Account class definition and various features of an account class are captured in the following sub-screens treated as subtopics.

• Basic Details
• Features
• Preferences
• Limits
• Interest
• MIS Details
• GL Reporting Details
• Statement Preferences
• Status Rule Definition

This topic contains the following subtopics:

• Create Account Class
  This topic describes the systematic instructions to create account class. The maintenance screen allows the user to configure account class parameters.
• View Account Class
  This topic describes the systematic instructions to view the list of configured account classes.