2.4.1 Term Deposit Amount Block

You can block the TD amount. A Term Deposit can be blocked for certain amount due to different reasons like collateral to an overdraft, funds provider account during sweep transactions, and so on. Also, the Bank might receive request from any authorized external agencies to block the TD amount.

To create amount block:

1. On the Home screen, from the Retail Deposit Services mega menu, under Term Deposits and Maintenance, click Create Amount Block, or specify Create Amount Block in the search icon bar and select the screen.
   The Term Deposit Amount Block screen is displayed.

   Figure 2-31 Term Deposit Amount Block

   
   Description of "Figure 2-31 Term Deposit Amount Block"
2. On the Term Deposit Amount Block screen, click the Search icon or specify the account number in the Account Number field, and press Enter or Tab.
   The details for the account entered are displayed.

   Figure 2-32 Term Deposit Amount Block Details

   
   Description of "Figure 2-32 Term Deposit Amount Block Details"
3. Perform the required actions on the Term Deposit Amount Block screen. For more information on fields, refer to the field description table.

   Table 2-27 Term Deposit Amount Block – Field Description

   Field	Description
   Account Number	Click the Search icon and select the account number or specify the account number to create TD amount block. Note: The account holder's name is displayed adjacent to the field. The customer information is displayed at the right of the screen.
   Amount To Be Blocked	Specify the TD amount to be blocked. By default, the TD currency is displayed.
   Block Reason	Select the reason for the block. Note: For information on fields displayed after clicking Search, refer Block Code.
   Effective Date	Specify or select the effective date for the block. Note: This date cannot be less than current process date.
   Expiry Date	Specify or select the expiry date for the block. Note: This date cannot be less than current process date and effective date.
   Narrative	Specify the narration, if any for the block.

   • To fetch block code:
     1. Click Search icon from the Block Reason field.

        The Block Code section is displayed.

        Figure 2-33 Block Code

        
        Description of "Figure 2-33 Block Code"
     2. Specify the number in the Block Code or Block Description field.
     3. Click Fetch.

        The details are fetched and displayed in a table.

     4. Select the block code from the table.
4. Click Submit.
   The screen is successfully submitted for authorization.