2.2.1 Simulation Details

You can add the simulation details for doing the top-up in the Simulation tab. The existing TD details are also displayed on this screen.

To add the simulation details:

Note:

The fields, which are marked with an asterisk, are mandatory.

1. On the Homepage, from the Deposit Services mega menu, under Term Deposits, under Transactions, click Top Up or specify Top Up in the search icon bar and select the screen.

   TD TopUp – Application Entry screen is displayed.

   Figure 2-22 TD TopUp – Application Entry

   
   Description of "Figure 2-22 TD TopUp – Application Entry"
2. Specify the account number in the Account Number field.
   The details are displayed in the Simulation tab.

   Figure 2-23 Simulation

   
   Description of "Figure 2-23 Simulation"
3. In the Simulation tab, view and specify the details as required. For more information on fields, refer to the field description table.

   Table 2-16 TD TopUp – Application Entry - Simualtion tab - Field Description

   Field	Description
   Account Number	Specify the account number. When you press the Tab or Enter key after you specify the account number, the deposit details will be displayed. Note: The account holder name is displayed adjacent to the field.
   Status	Displays the status of the TD. The possible statuses are: Active Matured Closed
   Deposit Details	Displays the principal balance of the TD, the rate of interest, and the tenor of the TD.
   Maturity	Displays the proceeds due to the customer on maturity and the maturity date are displayed.
   Reinvested Interestor Paid out Interest	Displays the amount and currency for the reinvested or paid out interest. Note: If the interest if of reinvest type, then the field name is displayed as Reinvested Interest. If the interest if of paid out type, then the field name is displayed as Paid out Interest.
   Tax Deducted	Displays the tax that has been deducted on the interest earned by the deposit so far.
   Top-up Amount	Specify the amount which the customer wants to add to the principal of the TD.
   Value Date	Specify the date from which the top-up is to take effect.

   • View Simulated Output: As you specify the amount in the Top-up Amount field, the simulated output details are displayed.

   Note:

   Computation will be triggered based on the inputs selected and output should be displayed on the panel on the right in a graphical format comparing the current principal, interest, and net proceeds at maturity with what the user would get after the top-up.

   Figure 2-24 Simulation Details

   
   Description of "Figure 2-24 Simulation Details"

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

   Table 2-17 Output Details - Field Description

   Field	Description
   Maturity Amount	Displays the proceeds due to the customer on maturity after taking into consideration the top-up amount.
   Principal	Displays the principal amount that is due on maturity (inclusive of the top-up amount).
   Net Interest	Displays the interest net amount.
   Top-up Amount	Displays the top-up amount.

   Note:

   Once the deposit simulation is completed, you can provide the simulated details to the customer.
   • View Interest Details: You can view the interest details by clicking the View Interest Details link.

     The Interest Details section is displayed.

   Figure 2-25 View Interest Details

   
   Description of "Figure 2-25 View Interest Details"

   Table 2-18 Interest Details – Field Description

   Field	Description
   Date	Displays the date as of which the interest amount is applicable.
   Reinvested Interestor Paid out Interest	Displays the interest amount computed as of the date.
   Principal	Displays the principal balance taking into consideration the effect of the interest for that date (if it is a re-invest kind of TD).

   • Click the Back link to view the simulation details.
4. Click Next.
   The Settlement tab is displayed.