1. Deposit Services User Guide
  2. TD Transactions
  3. Account Opening
  4. Payout Details

3.1.3 Payout Details

You can add Interest or maturity instructions to be provided for the TD in this section. These instructions can be modified later before maturity.

The prerequisites are as follows:
  • Add the simulation details. For more information, refer Simulation .
  • Add settlement details. For more information, refer Payin Details.
To add the payout details:

Note:

The fields marked as Required are mandatory.
  1. In the Payout Details tab, perform any of the following action:

    Below are the details of each options:

    • Reinvest Interest Enabled
    1. From the Simulation tab, swtich to Toggle On from the Reinvest Interest field.

      Figure 3-15 Reinvest Interest Enabled

      Description of Figure 3-15 follows
      Description of "Figure 3-15 Reinvest Interest Enabled"
    2. Select or specify the details as required. For more information on fields, refer to the field description table.

      Table 3-10 Payout Details – Reinvest Interest Enabled - Field Description

      Field Description

      Maturity Instructions
      Select the maturity instructions for the deposit. The options are:
      • Redeem Principal & Interest
      • Renew Principal & Interest
      • Renew Principal & Redeem Interest
      • Special Amount Renewal
      • No Instruction
      Amount
      Specify the special renewal amount.

      Note:

      • This field is enabled only if Special Amount Renewal option is selected from the Maturity Instructions field.
      • Also, the TD currency will be defaulted and not enabled.

      Maturity Payout Mode
      Select the maturity payout mode. The options are:
      • Account
      • Banker's Cheque
      • Demand Draft

      Note:

      This field is displayed if Redeem Principal & Interest, Renew Principal & Redeem Interest, or Special Amount Renewal option is selected from the Maturity Instructions field,.

      Account
      Select the type of account.

      Note:

      This field is displayed if Account option is selected from the Maturity Payout Mode field.

      Account Number
      Select the CASA account number.

      Note:

      This field is displayed if Others option is selected from the Account field.

      Payable Branch
      Select the banker's cheque payable branch.

      Note:

      This field is displayed if Banker's Cheque or Demand Draft option is selected from the Maturity Payout Mode field.
    • Reinvest Interest Not Enabled
    1. From the Simulation tab, swtich to Toggle Off from the Reinvest Interest field.

      Figure 3-16 Reinvest Interest Not Enabled

      Description of Figure 3-16 follows
      Description of "Figure 3-16 Reinvest Interest Not Enabled"
    2. Select or specify the details as required. For more information on fields, refer to the field description table.

      Table 3-11 Payout Details – Reinvest Interest Not Enabled – Field Description

      Field Description
      Interest Payout Mode
      Select the maturity payout mode. The options are:
      • Account
      • Banker's Cheque
      • Demand Draft

      Account
      Select the type of account.

      Note:

      This field is displayed if Account option is selected from the Interest Payout Mode field.

      Account Number
      Select the CASA account number.

      Note:

      This field is displayed if Others option is selected from the Account field.

      Payable Branch
      Select the banker's cheque payable branch.

      Note:

      This field is displayed if Banker's Cheque or Demand Draft option is selected from the Interest Payout Mode field.
      Principal Payout Instruction
      Select the principal payout instructions for the deposit. The options are:
      • Redeem Principal
      • Renew Principal
      • Special Amount Renewal
      • No Instruction
      Principal Payout Mode
      Select the principal payout instructions for the deposit.

      Note:

      This field is displayed if Redeem Principal or Special Amount Renewal option is selected from the Principal Payout Instruction field.
      Amount
      Specify the special renewal amount.

      Note:

      • This field is enabled only if Special Amount Renewal option is selected from the Maturity Instructions field.
      • Also, the TD currency will be defaulted and not enabled.

      Account
      Select the type of account.

      Note:

      This field is displayed if Account option is selected from the Principal Payout Mode field.

      Account Number
      Select the CASA account number.

      Note:

      This field is displayed if Others option is selected from the Account field.

      Payable Branch
      Select the banker's cheque payable branch.

      Note:

      • This field is displayed if Banker's Cheque or Demand Draft option is selected from the Principal Payout Mode field.
      • For more information on the Payable Branch section, refer Fetch Payable Branch.
      • To fetch Payable Branch:
        1. Click Search icon from the Payable Branch field.

          The Payable Branch section is displayed.

          Figure 3-17 Payable Branch section

          Description of Figure 3-17 follows
          Description of "Figure 3-17 Payable Branch section"
        2. Specify the number in the Branch Code field.
        3. Click Fetch.

          The details are fetched and displayed in a table.

        4. Select the branch code from the table.
  2. Click Next.
    The Additional Details tab is displayed.

Parent topic: Account Opening