1.1.2 Retail Deposits

This topic contains the release highlights for Retail Deposits.

Generic Feature Enhancements

• Minimum and Maximum thresholds for Opening Deposit
• Interest Accruals with compounding method

Generic Feature Enhancements in Deposit Servicing

• Display Payin mode based on product configuration
• Predefined Tenor for Deposit Account Opening
• UI Redesign for Deposit Redemption
• UI Redesign for Deposit Top-Up
• Deposit transaction Inquiry screen
• Capture guardian details for non-minor nominee or beneficiary
• Maker Checker Validation
• Auto Authorization and Multi Levels of Authorization

US Geography Feature Enhancements

• Funding Modes
• Early Redemption – Penalty Interest Configurations and Calculations
• Applicable Tenors
• State-Wise Escheatment (Unclaimed Deposits) Processing
• Death Claim Processing

US Geography Feature Enhancements in Deposit Servicing

• Nominee is renamed to Beneficiary
• Deposit is renamed to Certificate of Deposit

For more information about the enhancements, refer to Retail Deposits.