1.5 TD Maintenances

You can maintain the TD account details in this section. A deposit with a fixed tenure or term is called as time deposit or Term Deposit (TD).

This topic contains the following subtopics:

• Term Deposit Amount Block
  You can block the TD amount. A Term Deposit can be blocked for certain amount for full balance block due to different reasons like collateral to an overdraft, funds provider account during sweep transactions, and so on.
• View and Modify Amount Block
  You can view or modify the already added block details using this screen.
• Term Deposit Payout Modification
  You can view or modify the payout instructions maintained during the TD account opening using this screen. Also, you can create new payout instruction, if no instructions are maintained for the TD account.
• Principal Payout Instructions as Rollover Principal
  This topic explains the systematic instructions for adding the settlement payout for Principal Payout Instructions set as Rollover Principal in the Certificate of Deposit Payout Modification screen.
• Term Deposit Account Modification
  You can modify certain attributes of the TD. Also, the account description and interest rates. Based on customer's request or otherwise, you can change the account description or interest rates associated with the account.
• Term Deposit Joint Holder Maintenance
  Term Deposit account can be owned by single holder or multiple owners. This screen can be used for modifying the deposit account’s joint holder details. You can either add joint holders for the first time or modify the existing joint holder relationship using this screen.
• Term Deposit Nominee Details Update
  You can modify the existing nominee details, add a new nominee, and delete the existing nominee details added to the TD account using this screen.