9.1.3 Add Payout Details

The Payout Details data segment is used to add the details of the maturity payment for the TD.

The prerequisites are as follows:

1. Make sure that the deposit details are added to the TD Account Opening screen. For more information, refer to TD Account Opening.

2. Specify the funding details. For more information, refer to Add Funding Details.

3. Specify the details of the joint holders. For more information, refer to Add Joint Holders Details.

4. After you specify the details of the joint holders, click on the Payout Details data segment.

   Figure 9-5 Payout Details

   
   

   
   Description of "Figure 9-5 Payout Details"

   
   

In this data segment, you can add the parameters for automatic payout through either account transfer, banker's cheque, or demand draft.

To add the payout details:

On the Payout Details data segment, specify the fields. For more information on fields, refer to the field description table.

Note:

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

Table 9-4 Payout Details - Field Description

Field	Description
Component Type	Select the component type from the drop-down list. (Principal or Interest).
Repayment By	Select the repayment option from the drop-down list (Account, Bankers Cheque, or Demand Draft).
Payment Account	Specify the account to which the repayment is to be made. Note: This field allows you to input only if repayment is by account.
Account Branch	Displays the account branch based on the payment account selected.
Beneficiary Name	Specify the name of the beneficiary for the payout of BC or DD drawn. Note: This field allows you to input only if the repayment is by BC or DD.
Beneficiary Address 1 to Beneficiary Address 4	Specify the address of the beneficiary for the payout.