9.1 TD Account Opening

The Teller can use the TD Account Opening screen to open a term deposit account.

The following details are necessary to open a term deposit account:

• Deposit details

• Funding details

• Joint Holder details

• Payout details

• Rollover details

To open a term deposit account:

1. On the Homepage, from Teller mega menu, under Term Deposit, click TD Account Opening or specify TD Account Opening in the search icon bar and select the screen.
   The TD Account Opening screen is displayed.

   Figure 9-1 TD Account Opening

   
   

   
   Description of "Figure 9-1 TD Account Opening"

   
   
2. On the TD Account Opening screen, 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 9-1 TD Account Opening - Field Description

   Field	Description
   Customer ID	Select the Customer ID from the list of values.
   Customer Name	Displays the name of the specified Customer ID.
   Mode of Operation	Select the mode of operations from the drop-down list. The drop-down list shows the following values: Single Jointly Either Anyone or Survivor Former or Survivor Mandate Holder
   Account Type	Select the account type (Single or Joint).
   Deposit Product	Specify the deposit product (FCUBS Account Class) from the list of values fetched from FLEXCUBE Universal Banking System.
   Deposit Product Description	Displays the description of the specified deposit product.
   Deposit Account Description	Specify the description of the deposit account.
   Deposit Account Opening Date	Specify the account opening date of the deposit account.
   Deposit Amount	Specify the currency and amount for the term deposit.
   Deposit Tenor	Specify the tenor of deposit in days/months/years.
   Maturity Amount	Displays the maturity amount along with the currency.
   Simulate	Click Simulate to fetch the interest data for the given account class.
   Auto-Renewal	Select if auto-renewal is required for the deposit account after maturity.

3. Specify the funding details. For information on the fields in the Funding Details segment, refer to Add Funding Details.
4. Specify the joint holder details. For information on the fields in the Joint Holders segment, refer to Add Joint Holders Details.
5. Specify the payout details. For information on the fields in the Payout Details segment, refer to Add Payout Details.
6. Specify the interest details. For information on the fields in the Interest Details segment, refer to Add Interest Details.
7. Specify the rollover details. For information on the fields in the Rollover Details segment, refer to Add Rollover Details.
8. Specify the denomination details. For information on the fields in the Denomination Details segment, refer to Add Denomination Details.
9. Click Submit.

   A teller sequence number is generated, and the Transaction Completed Successfully information message is displayed.

   Note:

   The transaction is moved to authorization in case of any warning raised when the transaction saves. When you submit, the transaction details are handed off to the Term Deposit module in FLEXCUBE Universal Banking for the TD account opening process.

   Both TD account opening by cash and TD account opening by account can be viewed from the electronic journal log after submission.

• Add Funding Details
  The Funding Details data segment is used to add the details of the pay-by option for the TD.
• Add Joint Holders Details
  The Joint Holders data segment is used to add the details of the joint holders for the TD.
• Add Payout Details
  The Payout Details data segment is used to add the details of the maturity payment for the TD.
• Add Interest Details
  The Interest Detail data segment is used to add the details of the interest for the TD.
• Add Rollover Details
  The Rollover Details data segment is used to add the parameters for auto-renewal of the TD account.