3.4 Redemption

You can redeem a Term Deposit using this screen. The redemption proceeds can be credited to CASA Account, New Term Deposit, Banker’s Cheque, Demand Draft, or Ledger. The Term Deposit can be redeemed in full or part.

This topic contains the following subtopics:

• Redemption
  You can add the basic TD details to simulate the redemption transaction to get interest, tax and redemption.
• Payout Details
  You can add the payout modes for the net proceeds using this tab. Funds can be paid by different modes – Account, New Term Deposit, Banker’s Cheque, Demand Draft, Ledger (Single-mode settlement), or a combination of these modes (Multimode settlement).
• Additional Details
  You can maintain the additional details for the TD redemption.