2.3 CD 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 Certificate of Deposit (CD). This chapter deals with transactions of a certificate of deposit.

This topic contains the following subtopics:

• Account Opening
  You can simulate the Certificate of Deposit creation and then open the CD 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 CD top-up transaction using this screen.
• Redemption
  You can redeem a Certificate of Deposit using this screen. The redemption proceeds can be credited to Current and Savings Account, New Certificate of Deposit, Banker’s Cheque, Demand Draft, or Ledger. The Certificate of Deposit can be redeemed in full or part.