5.1 Account Opening

You can open the Recurring Deposit account by Account, Banker’s Cheque, and Demand Draft mode using Account Opening screen.

This topic contains the following subtopics:

• Simulation
  You can add the basic RD details to simulate the interest and maturity value for the RD account.
• Payin Details
  In the Payin Details data tab, you can add a brief description of maturity instructions to be provided for the RD. These instructions can be modified later before maturity.
• Payout Details
  You can add maturity instructions to be provided for the RD in the Payout Details tab. These instructions can be modified later before maturity.
• Additional Details
  You can add joint holder details and nominee details in the Additional Details tab.