2.4.3 Certificate of Deposit Payout Modification

You can view or modify the payout instructions maintained during the CD account opening using this screen. Also, you can create new payout instruction, if no instructions are maintained for the CD account.

To view the CD payout modification details:

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

   The Certificate of Deposit Payout Modification screen is displayed.

   Figure 2-38 Certificate of Deposit Payout Modification

   
   

   
   Description of "Figure 2-38 Certificate of Deposit Payout Modification"

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

   Figure 2-39 CD Payout Modification Details

   
   

   
   Description of "Figure 2-39 CD Payout Modification Details"

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

   Table 2-30 View CD Payout Details – Field Description

   Field	Description
   Account Number	Click the Search icon and select the account number or specify the account number to modify the CD payout. Note: The account holder name is displayed adjacent to this field.
   Deposit Details	Displays the principal balance, the rate of interest, and the tenor of the CD account.
   Maturity Details	Displays the amount due to the customer on maturity and the maturity date.
   Status	Displays the status of the CD account. The possible options are: Active Overdue Closed
   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.
   Certificate of Deposit Payout Instructions	This section displays the existing payout instructions of the CD account.
   Component	Displays the component of payout. The possible options are: Principal Interest Principal & Interest Rollover Principal Rollover Interest Rollover Principal & Interest
   Mode	Displays the mode of payout. The possible options are: Account Ledger
   Description	Displays a brief description of the payout. Note: Based on the payout mode, the description is displayed. The description according to the mode are as follows: Account – Account Number & Account Name Ledger – Ledger Code, Ledger Name
   Percentage	Displays the percentage of payout.
   Amount	Displays the CD payout amount. Note: For Interest component, this field displays Available on Payout text.
   Actions	Click the View icon, to more details of the payout. For more information, refer View CD Payout Modification. Click the Edit icon, to edit the payout details. For more information, refer Modify CD Payout Modification. Click the Delete icon, to delete the payout details.

4. Click Submit.
   The screen is successfully submitted for authorization.

• View CD Payout Modification
  You can view the more details of the CD payout modification.
• Modify CD Payout Modification
  You can modify the CD payout details.