Retail Deposits

This topic provides the release highlights for Retail Deposits.

Generic Feature Enhancements

• Define Interest liquidation frequency at Deposit account level.
• Certificate of Deposit statement available as predefined template.
• Additional Business Events occurring during batch processing.
• Configure Accounting Entries for specific Events of Deposits.

Generic Feature Enhancements in Deposit Servicing

• Access Restriction for Branch Servicing Operations.
• Interest Rate Code for Deposit Account.
• Minor age validation for Joint Holder Maintenance.
• Interest rate fetch based on account opening branch.
• Interest Liquidation Cycle at Deposit Account level.
• Pending Branch Servicing Transaction check during till closure.
• Refer Branch Date for branch servicing transactions.
• Account Opening product screen Changes.
• Default Payin and Payout details for Top Up and Redemption screens.
• Deposit 360 UI Changes.
• Ad hoc Statements for Deposits.
• Memo Maintenance and Display Memo Details.
• Enhancement in Deposit Opening screens.
• Enhancement in Joint Holder Maintenance screen.
• Enhancement in Deposit 360 screen.
• Enhancement in Top Up screen.
• Enhancement in View and Modify Amount Block screen.
• Enhancement in Certificate screen.

US Geography Feature Enhancements:

• Backup Withholding tax based on Customer’s Tax information.
• Individual Retirement Accounts (IRA) CDs – Defining parameters for IRA Global and Plan levels, outlining product details, and managing account maintenance and transaction processing.

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