3.4 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:

• Certificate of Deposit Account Opening
  User can open a Certificate of Deposit account and simulate its creation by providing funds from Account, and Ledger modes or a combination of Account and Ledger modes.
• Top Up
  You can perform a CD top-up transaction using this screen.
• Redemption
  User 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 Check, Demand Draft, or Ledger. The Certificate of Deposit can be redeemed in full or part.
• Certificate of Deposit Initial Funding
  This topic describes about the certificate of deposit initial funding.