1.1.1 Retail Deposits

This topic provides the release highlights for Retail Deposits.

Generic Feature Enhancements

• Auto Rollover feature now supports account-level target product selection.
• Penalty calculation for partial redemptions is enhanced to support the ‘Net’ Method.
• New UI added for defining post-maturity and renewal notice parameters.
• Introduced Full Balance Block to block existing principal and subsequent top-ups, and to restrict early redemptions.
• Redemption API enhanced to support waiver of interest and penalty with a waiver reason.
• Deposit creation process now supports funding from non-OBA retail accounts and external bank accounts.
• End of Day (EOD) workflow has been updated with additional batches to support new features.

US Geography Feature Enhancements

• Redemption Distribution API (IRA CD) enhanced to support waiver of interest and penalty with a waiver reason
• Redemption Distribution API (IRA CD) enhanced to support multiple methods for accrued interest treatment in partial and full redemptions.
• IRA Deposit creation process now supports funding from non-OBA retail accounts and external bank accounts.
• New intraday batches are introduced to support new features.

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