2.3 TD Transactions

You can use the screens under the Transactions menu to initiate deposit services transactions. A deposit with a fixed tenure or term is called as time deposit or Term Deposit (TD). This chapter deals with transactions of a term deposit.

This topic contains the following subtopics:

• Account Opening
  You can simulate the Term Deposit creation and then open the TD account by providing funds from Account and Ledger modes or combination of Account and Ledger modes using this screen.
• Top Up
  You can perform a TD top-up transaction using this screen.
• Redemption
  Redeem a Term Deposit using the Term Deposit Redemption screen. The redemption proceeds can be credited to Current and Savings Account, New Term Deposit, Banker’s Cheque, Demand Draft, or Ledger. The user can redeem the Term Deposit in full or in part.