Retail Accounts (Current/Checking and Savings)

This topic provides the release highlights for Retail Accounts.

Generic Feature Enhancements

• Account statement generation based on the anniversary of the account opening date.
• Account Statement in a standard predefined template.
• Simple Account Opening process.

Generic Feature Enhancements in Account Servicing

• Minor age validation for Joint Holder Maintenance.
• Access Restriction for Branch Servicing Operations.
• Pending Branch Servicing Transaction check during till closure.
• Refer Branch Date for branch servicing transactions.
• Memo Maintenance and Display Memo Details.
• Utilised and Unutilised Limits.
• Enhancement in Consolidated Ad hoc Account Statement.
• Enhancement in Joint Holder Details.

US Geography Feature Enhancements

Backup Withholding tax based on Customer’s Tax information.

Individual Retirement Accounts (IRA) - Savings – Defining parameters at the global and plan levels, outlining product details, and managing account maintenance and transaction processing.

US Geography Feature Enhancements in Account Servicing

• Custodial Accounts enhancement
• Account 360 widget for Online sweep in

For more information about the enhancements, refer to Retail Accounts (Current/Checking and Savings).