1. Deposit Services User Guide
  2. RD Maintenances
  3. RD Payout Modification
  4. RD Payout Modification - Payout Instruction

6.3.2 RD Payout Modification - Payout Instruction

You can set the payout instruction for a RD payout.

The prerequisite is as follows:

To view or edit the payout instruction:

Note:

The fields, which are marked with an asterisk, are mandatory.
  1. Select the Payout option from the Instruction for field.
    The payout details displayed in the Recurring Deposit Payout Instructions section.

    Figure 6-8 Payout Instruction

    Description of Figure 6-8 follows
    Description of "Figure 6-8 Payout Instruction"
  2. Perform any of the following action to view or edit the required details in the Recurring Deposit Payout Instructions section:
    • View the payout instruction details:
      1. Click the View icon from the Actions field.

        The payout details displayed.

        Figure 6-9 View Payout Instruction

        Description of Figure 6-9 follows
        Description of "Figure 6-9 View Payout Instruction"

        For more information on fields, refer to the field description table.

        Table 6-6 View Payout Details – Field Description

        Field Description
        Recurring Deposit Payout Instructions This section displays the details of the RD payout instructions.
        Component Displays the component selected for RD payout instruction. The possible options are:
        • Principal
        • Interest
        • Principal & Interest
        Mode Displays the payout mode. The possible options are:
        • Account
        • Instrument
        • Ledger
        Description

        Displays a brief description of the payout.

        Note:

        Based on the payout mode, the description is displayed. The description according to the mode are as follows:
        • Account – Account Number & Account Name
        • Auto Rollover – Tenor
        • Banker’s Cheque & Demand Draft – Banker’s Cheque / Demand Draft Payable at <Branch Name>
        • Rollover with Additional Funds – Tenor, Additional Amount, Account Number, Amount
        • Ledger – Ledger Code, Ledger Name
        Percentage

        Displays the percentage of payout.
        Amount

        Displays the RD payout amount.

        Note:

        For Interest component, this field displays Available on Payout text.
        Actions

        Click the View icon, to more details of the payout. The following fields are displayed if you click this icon.

        Click the Edit icon, to edit the payout details. For more information, refer Edit the own account payout instruction details, Edit the other account payout instruction details that are within the bank, Edit the other account payout instruction details by adding new TD, Edit the payout mode as instrument, and Edit the payout mode as ledger.

        Click the Delete icon, to delete the payout details.

        Payout Mode
        Displays the payout mode selected.

        Note:

        This field appears if you click the View icon.
        Account
        Displays the account selected for the payout.

        Note:

        This field appears if you click the View icon.
      2. Click Close.
    • Edit the own account payout instruction details:
      1. Click the Edit icon from the Actions field.

        The payout details displayed.

        Figure 6-10 Own Account Payout Instruction

        Description of Figure 6-10 follows
        Description of "Figure 6-10 Own Account Payout Instruction"

        For more information on fields, refer to the field description table.

        Table 6-7 Payout by own account – Field Description

        Field Description
        Component Select the component for payout. The options are:
        • Principal
        • Interest
        • Principal & Interest
        Amount in Percentage Specify the amount in percentage for payout.

        Note:

        You can increase or decrease the amount by dragging the slider to right or left. If you have specified the amount, then accordingly the slider is adjusted automatically.
        Payout Mode Select the payout mode as Account.

        Note:

        For information on payout mode as Instrument or Ledger, refer Edit the payout mode as instrument and Edit the payout mode as ledger.
        Account Select the own account for performing the payout.

        Note:

        For information on Other accounts, refer Edit the other account payout instruction details that are within the bank and Edit the other account payout instruction details by adding new TD.
      2. Click Save.
    • Edit the other account payout instruction details that are within the bank:
      1. Click the Edit icon from the Actions field.

        The payout details displayed.

        Figure 6-11 Account Within Bank

        Description of Figure 6-11 follows
        Description of "Figure 6-11 Account Within Bank"

        For more information on fields, refer to the field description table.

        Table 6-8 Payout by other account within bank – Field Description

        Field Description
        Component Select the component for payout. The options are:
        • Principal
        • Interest
        • Principal & Interest
        Amount in Percentage Specify the amount in percentage for payout.

        Note:

        You can increase or decrease the amount by dragging the slider to right or left. If you have specified the amount, then accordingly the slider is adjusted automatically.
        Payout Mode Select the payout mode as Account.

        Note:

        For information on payout mode as Instrument or Ledger, refer Edit the payout mode as instrument and Edit the payout mode as ledger.
        Account Select the Other account for performing the payout.

        Note:

        For information on own accounts, refer Edit the own account payout instruction details.
        Type Select the Account Within Bank type.

        Note:

        For information on New Term Deposit, refer Edit the other account payout instruction details by adding new TD.
        Account Number Specify the account number which is within the same bank for performing the payout.
      2. Click Save.
    • To edit the other account payout instruction details by adding new TD:
      1. Click the Edit icon from the Actions field.

        The payout details displayed.

        Figure 6-12 New TD Account

        Description of Figure 6-12 follows
        Description of "Figure 6-12 New TD Account"

        For more information on fields, refer to the field description table.

        Table 6-9 TD Type - Create New TD - Field Description

        Field Description
        Component Select the component for payout. The options are:
        • Principal
        • Interest
        • Principal & Interest
        Amount in Percentage Specify the amount in percentage for payout.

        Note:

        You can increase or decrease the amount by dragging the slider to right or left. If you have specified the amount, then accordingly the slider is adjusted automatically.
        Payout Mode Select the payout mode as Account.

        Note:

        For information on payout mode as Instrument or Ledger, refer Edit the payout mode as instrument and Edit the payout mode as ledger.
        Account Select the Other account for performing the payout.

        Note:

        For information on own accounts, refer Edit the own account payout instruction details.
        Type Select the New Term Deposit type.

        Note:

        For information on Account Within Bank, refer Edit the other account payout instruction details that are within the bank.
        Deposit Product Select the deposit product for the payout.

        Note:

        For information on fields after you click the Search icon, refer Fetch Deposit Product.
        Maturity Tenor Select and specify the maturity tenor for the payout.
        • Tenure: If you select this option, then specify the tenure for maturity in year, months, and days in the fields displayed adjacent.
        • Date: If you select this option, then specify or select the date.
        Interest Rate Based On Select the basis for the interest rate calculation. The options are:
        • Incremental Amount
        • Cumulative Amount
        • To fetch deposit product:
          1. Click the Search icon from the Deposit Product field.

            The Deposit Product section is
                displayed.

            Figure 6-13 Deposit Product

            Description of Figure 6-13 follows
            Description of "Figure 6-13 Deposit Product"
          2. Specify the class or currency in the Account Class and Currency field and click Fetch.
          3. Select the option displayed in the table.
        • To negotiate the rate:
          1. You can also negotiate the rate by clicking the Negotiate Rate link.

            The Negotiate Rate section is displayed.

            Figure 6-14 Negotiate Rate

            Description of Figure 6-14 follows
            Description of "Figure 6-14 Negotiate Rate"

            For more information on fields, refer to the field description table.

            Table 6-10 Negotiate Rate – Field Description

            Field Description
            Interest Rate This section displays the interest rate details.
            Effective Date Displays the date from which the interest rate is effective.
            Status Displays the status of the interest.
            Action

            Click Mark as Closed, to close the interest rate.

            Click View Details, to view the user defined values.

            User Defined Values This section displays the user defined values details.

            Note:

            This section is displayed if you click View Details from the Action field.
            Element Displays the element details.
            Value Displays the user defined value.
            Rate Code Displays the rate code for the user defined value.
            Deposit Rate Code Displays the deposit rate code for the user defined value.
            Variance Displays the variance for the user defined value.
            Action

            Click the Edit icon, to edit the user defined value details.

            Click the Delete icon, to delete the user defined value entry.

            Click the Tick icon icon, to confirm the edited details. This icon is displayed, only after you click the edit icon.

          2. Click OK.

            Note:

            You can also set instructions for the new TD created, by clicking the Set Instructions for New TD link. For more information, refer Edit the own account payout instruction details, Edit the other account payout instruction details that are within the bank, Edit the other account payout instruction details by adding new TD, Edit the payout mode as instrument, and Edit the payout mode as ledger.
      2. Click Save.
    • Edit the payout mode as instrument:
      1. Click the Edit icon from the Actions field.

        The payout details displayed.

        Figure 6-15 Payout mode as Instrument

        Description of Figure 6-15 follows
        Description of "Figure 6-15 Payout mode as Instrument"

        For more information on fields, refer to the field description table.

        Table 6-11 Pay through Instrument - Own Bank Cheque – Field Description

        Field Description
        Component Select the component for payout. The options are:
        • Principal
        • Interest
        • Principal & Interest
        Amount in Percentage Specify the amount in percentage for payout.

        Note:

        You can increase or decrease the amount by dragging the slider to right or left. If you have specified the amount, then accordingly the slider is adjusted automatically.
        Payout Mode Select the payout mode as Instrument.

        Note:

        For information on payout mode as Account or Ledger, refer Edit the own account payout instruction details, Edit the other account payout instruction details that are within the bank, Edit the other account payout instruction details by adding new TD, and Edit the payout mode as ledger.
        Mode Select the mode of instrument for payout. The options are:
        • Banker's Cheque
        • Demand Draft
        Payable Bank Specify the bank at which the TD is payable.

        Note:

        For information on fields displayed as you click the Search icon, refer Fetch Payable Bank.
        Payable Branch Specify the branch at which the BC or DD is payable.

        Note:

        For information on fields displayed as you click the Search icon, refer Fetch Payable Branch.
        Payee Name Specify the payee name for the payout.
        Payee Address Specify the payee address for the payout.
        • To fetch the payable bank:
          1. From the Payable Bank field, click the Search icon from the first field.

            The Payable Bank section is
                displayed.

            Figure 6-16 Payable Bank

            Description of Figure 6-16 follows
            Description of "Figure 6-16 Payable Bank"
          2. Specify the code in the Bank Code field and click Fetch.
          3. Select the code displayed in the table.
        • To fetch the payable branch:
          1. From the Payable Branch field, click the Search icon field.

            The Payable Branch section is
                displayed.

            Figure 6-17 Payable Branch

            Description of Figure 6-17 follows
            Description of "Figure 6-17 Payable Branch"
          2. Specify the code in the Branch Code field and click Fetch.
          3. Select the code displayed in the table.
      2. Click Save.
    • Edit the payout mode as ledger:
      1. Click the Edit icon from the Actions field.

        The payout details displayed.

        Figure 6-18 Ledger

        Description of Figure 6-18 follows
        Description of "Figure 6-18 Ledger"

        For more information on fields, refer to the field description table.

        Table 6-12 Pay through Ledger – Field Description

        Field Description
        Component Select the component for payout. The options are:
        • Principal
        • Interest
        • Principal & Interest
        Amount in Percentage Specify the amount in percentage for payout.

        Note:

        You can increase or decrease the amount by dragging the slider to right or left. If you have specified the amount, then accordingly the slider is adjusted automatically.
        Payout Mode Select the payout mode as Ledger.

        Note:

        For information on payout mode as Account or Instrument, refer Edit the own account payout instruction details, Edit the other account payout instruction details that are within the bank, Edit the other account payout instruction details by adding new TD, and Edit the payout mode as instrument.
        Ledger Code Select the ledger code for the payout.

        Note:

        For information on fields displayed as you click Search icon, refer Fetch Ledger Code.
        • To fetch the ledger code:
          1. From the Ledger Code field, click the Search icon from the first field.

            The Ledger Code section is
                displayed.

            Figure 6-19 Ledger Code

            Description of Figure 6-19 follows
            Description of "Figure 6-19 Ledger Code"
          2. Specify the code in the Ledger Code field and click Fetch.
          3. Select the code displayed in the table.
      2. Click Save.
  3. Click Submit.
    The screen is successfully submitted for authorization.

Parent topic: RD Payout Modification