2.6.2 Inactive and Dormancy Processing in Oracle Banking Retail Accounts

This topic describes the processing of inactive and dormancy in Oracle Banking Retail Accounts.

In the United States, the inactive and dormancy parameters like Inactive/ dormancy days, and first and second notice prior days vary by State.

Inactive and Dormancy marking is automatic and is based on the inactive and dormancy days configured for the customer's residential address state.

State group parameter configuration by currency for Inactive, Dormancy, and Escheatment processing and mapping of the state group parameter code to the respective business product is done as part of Oracle Banking Retail Accounts configurations. The dormancy batch in Oracle Banking Retail Accounts will determine the inactive, and dormancy processing based on this state-wise configuration.

Note:

For more information about the configurations, refer to the sections State Group Parameters and State Code Mapping in the Account Configurations User Guide.