2.4.4 Certificate of Deposit Account Modification

You can modify certain attributes of the CD. Also, the account description and interest rates. Based on customer's request or otherwise, you can change the account description or interest rates associated with the account.

To perform the account modification:

1. On the Home screen, from the Certificate of Deposit Services mega menu, under Certificate of Deposits and Maintenance, click Account Modification, or specify Account Modification in the search icon bar and select the screen.

   The Certificate of Deposit Account Modification screen is displayed.

   Figure 2-46 Certificate of Deposit Account Modification

   
   

   
   Description of "Figure 2-46 Certificate of Deposit Account Modification"

   
   
2. On the Certificate of Deposit Account Modification screen, click the Search icon or specify the account number in the Account Number field.
   The details of the modification is displayed.

   Figure 2-47 CD Account Modification Details

   
   

   
   Description of "Figure 2-47 CD Account Modification Details"

   
   
3. You can view the account modification details. For more information on fields, refer to the field description table.

   Table 2-36 Certificate of Deposit Account Modification – Field Description

   Field	Description
   Account Number	Click the Search icon and select the account number or specify the account number to modify the CD account. Note: The account holder's name is displayed adjacent to the field. The customer information is displayed at the right of the screen.
   Status	Displays the status of the CD account. The possible options are: Active Overdue Closed
   Deposit Details	Displays the principal balance, the rate of interest, and the tenor of the CD account.
   Maturity	Displays the amount due to the customer on maturity and the maturity date.
   Reinvested Interest or Interest Paid	Displays the amount and currency for the reinvested or paid out interest. Note: If the interest if of reinvest type, then the field name is displayed as Reinvested Interest. If the interest if of paid out type, then the field name is displayed as Interest Paid.
   Tax Deducted	Displays the tax amount deducted till date.
   Account Description	Specify the description for the account. Note: By default, a description is displayed. You can edit, if required.
   Interest Rate	This section displays the interest rate details.
   Effective Date	Displays the date from which the interest rate is effective.
   Status	Displays the status of the interest.
   Action	Click Mark as Closed, to close the interest rate. Click View Details, to view the user defined values.
   User Defined Values	This section displays the user defined values details. Note: This section is displayed if you click View Details from the Action field.
   Element	Displays the element details.
   Value	Displays the user defined value.
   Rate Code	Displays the rate code for the user defined value.
   Deposit Rate Code	Displays the deposit rate code for the user defined value.
   Variance	Displays the variance for the user defined value.
   Action	Click the Edit icon, to edit the user defined value details. Click the Delete icon, to delete the user defined value entry. Click the Save icon, to confirm the edited details. This icon is displayed, only after you click the edit icon.

   • In the Interest Rate and User Defined Values section, click the Add icon, to add a new row.
4. Click Submit.
   The screen is successfully submitted for authorization.