9.1.3 Add Payout Details
The Payout Details data segment is used to add the details of the maturity payment for the TD.
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Make sure that the deposit details are added to the TD Account Opening screen. For more information, refer to TD Account Opening.
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Specify the funding details. For more information, refer to Add Funding Details.
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Specify the details of the joint holders. For more information, refer to Add Joint Holders Details.
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After you specify the details of the joint holders, click on the Payout Details data segment.
In this data segment, you can add the parameters for automatic payout through either account transfer, banker's cheque, or demand draft. For discounted TDs, the teller will capture the payout Current Account or Saving Account on screen for interest payout option.
To add the payout details:
Table 9-4 Payout Details - Field Description
Field | Description |
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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. |
Parent topic: TD Account Opening