1.8.8 Partial Redemption by Cash
The accounting entries for TD partial redemption by cash are covered in this section.
Table 1-70 TD Partial Redemption by Cash
| Posting Date | Value Date | Transaction Branch | Account Branch | GL HeadDr./Cr. | TCY Amount(GBP) | LCY Amount(GBP) | Exchange Rate | Remarks |
|---|---|---|---|---|---|---|---|---|
| 20.09.22 | 20.09.22 | 000 | 000 | Dr. TD A/c | 5000 | 5000 | 1 | Interest will be calculated on the balance amount and paid as per the periodicity or on maturity. Penalty may be recovered at the appropriate rate |
| 20.09.22 | 20.09.22 | 000 | 000 | Cr. Cash A/c | 5000 | 5000 | 1 |
Parent topic: Time Deposits