7.2 Recurring Deposit Payment

You can perform manual installment payments for a Recurring Deposit account using the Recurring Deposit Payment screen. The payments can be done by CASA account.

To perform manual payments:

Note:

The fields marked as Required are mandatory.

1. On the Homepage, from the Retail Deposit Services mega menu, under Recurring Deposits and Transactions, click Payment, or specify Payment in the search icon bar and select the screen.
   The RD Payment screen is displayed.

   Figure 7-15 Recurring Deposit Payment

   
   Description of "Figure 7-15 Recurring Deposit Payment"
2. On the Recurring Deposit Payment screen, click the icon or specify the account number in the Account Number field, and press Enter or Tab.
   The Payment Details and Settlement Details section are displayed.

   Figure 7-16 Payment Details and Settlement Details

   
   Description of "Figure 7-16 Payment Details and Settlement Details"
3. In the Settlement Details section, select or specify the details as required.For more information on fields, refer to the field description table.

   Table 7-11 Recurring Deposit Payment – Field Description

   Field	Description
   Account Number	Click the icon and select the account number or specify the account number to performing the payment for the RD account number. Note: The account holder's name is displayed adjacent to the field. The customer information is displayed at the right of the screen.
   Payment Details	This widget displays payment details for the RD account entered.
   Value Date	Displays the current process date as value date of the payment.
   Amount Due	Displays the total of all the installments that are due or overdue and yet to be paid. Note: You can view more amount details, click the View Details link. For more information, refer View Details.
   Pay	Specify the number of installments you need to pay. Note: By default, the field displays the count of the outstanding, but can be edited. Also, it cannot be 0 or negative.
   Advance Amount	Displays the advance amount to be paid. Note: This field is displayed if you update the value in the Pay field.
   Settlement Details	This widget displays the fields for settlement details for the RD account entered.
   Account	Select the account for performing the settlement.
   Account Number	Specify the account number from which the settlement is to be perfomed. Note: This field is displayed if Others option is selected from Account field.
   Cheque Number	Specify the cheque number of the account.
   Cheque Date	Displays the date on the cheque.

   • To view amount due details:
   1. Click the View Details link from the Amount Due field.
      The Installments Due section is displayed.

      Figure 7-17 Installments Due

      
      Description of "Figure 7-17 Installments Due"
   2. You can view the details.For more information on fields, refer to the field description table.

      Table 7-12 Installments Due – Field Description

      Field	Description
      Due Date	Displays the installment due date.
      Installment Amount	Displays the installment amount.
      Status	Displays the status of the installment. The possible options are: Due: This status is displayed, if the installment is due as of the day. Overdue: This status is displayed, if the scheduled date has passed.

   3. Click on the screen to close the Installments Due section.
4. Click Submit.
   The screen is successfully submitted for authorization.