1.11 Checking Account Specifications

This topic describes the section where you can specify your service preferences.

This enables you to enhance the features of the account you are applying for. You can provide your preferences related to services you would like on your account which could include Debit Card, Passbook, Cheque Book, access to Direct Banking and Phone Banking, etc. You can also define account statement preferences such as the delivery mode and frequency. In the case of joint application forms, you can specify the optional services as preferred by each applicant separately. Additionally, if applying for a joint account, you will also be required to specify information regarding how the account is to be operated.

Figure 1-18 Checking Account Specifications

Description of "Figure 1-18 Checking Account Specifications"

Note:

The fields which are marked as Required are mandatory.

For more information on fields, refer to the field description table.

Table 1-17 Checking Account Specifications - Field Description

Field Name	Description
Apply for Overdraft	Specify whether you want to apply for overdraft facility or not. The options are: Yes No This field will be displayed only if the product supports overdraft. In the case of joint application forms, this field will be disabled. The value that was selected on the kickoff page will be displayed as read only.
Whose financial information would you like to capture	The value selected on the kickoff page will be displayed as read only text. The options are: Primary Applicant Joint Applicant Both This field will only be displayed in the case of joint application forms and if the option Yes was selected under the Apply for Overdraft? field on the kickoff page.
Overdraft Limit Amount	Enter the amount of overdraft limit to be requested. This field is enabled only if the Yes option is selected in the Apply for Overdraft field.
Statement Frequency	The frequency at which you would like to receive account statements. The options are: Monthly Quarterly Bi Annual Annual
Optional Services	In case of joint application forms, there will be two sub sections to capture each applicant’s preference with regards to the optional services offered against the account. In this case the sub sections will be titled as Primary Applicant – Optional Services and Joint Applicant – Optional Services respectively.
Service	Each service that has been configured for the product you are applying for will be listed here. Select the check box against the service that the applicant wishes to enable on the account.
Activity Profile	The fields (including type of field and values, in case of dropdowns) displayed under this sub section can change based on mid-office maintenances for the product. The fields described below serve as examples of fields that can appear under this sub section.
Account Operation Mode	This sub section will be displayed only in the case of joint applicant application forms.
Mode of Operation	The available modes of operation by way of which the account will be operated. The options are : Operated by Custodian Operated by Guardian Single Tenants by Entirety Joint Tenants with Right of Survivorship Tenants in Common Former or Survivor

1. In the Apply for Overdraft field, select the desired option.
   1. If you select the option Yes;
      1. In the Overdraft Limit Amount field, enter the amount of overdraft limit to be requested.

         Note:

         This field will be displayed and enabled only if the product supports the overdraft feature and in the case of single applicant applications. In case the product supports overdraft and if the application is being made for a joint account then the value as defined under the Apply for overdraft? field on the kickoff page, will be displayed under this field as a read only text.
2. In the Account Statement Mode field, select the desired option.
3. From the Statement Frequency list, select the desired frequency at which you wish to receive account statements.
4. Select the checkbox against any service that the respective applicant wishes to have enabled on the account.
5. Select the desired Mode of Operation from the provided options.

   Note:

   The Account Operation Mode sub section and this field is displayed only in case of Joint Applications.
6. Under the Activity Profile section, select options or enter values are desired.
7. Perform any of the following actions:
   1. Click Continue to proceed to the next step in the application.
   2. Click Back to navigate back to the previous step in the application.
   3. Click the Scan QR-code anytime to continue on mobile link to continue the application on mobile or tablet device.
   4. Under the kebab menu, perform any of the following actions:
      1. Click Save and Continue Later option to save the application.
      2. Click Continue on Mobile option to continue the application on a mobile device.