3 Term Deposit Details

This topic describes the information pertaining to a specific term deposit held by the customer.

Details such as holding pattern and names of account holders, the current status of the deposit, the profit rate applicable and the deposit amounts and dates, are displayed.

The customer can also perform the following activities on the specific deposit account from this page:

• Redeem term deposit
• Edit Maturity Instructions
• View Statement
• Request Statement

There are in three main sectionAccount Details, Recent Transactions, and Additional Information. To navigate between the different sections, Recent Transactions, and Additional Information the user can use the bookmark options available on top right corner.

The Account Details section provide general information about the deposit account such as the current balance, nickname, status of the account and product name, maturity amount, maturity date, and rate of interest. The Recent Transactions sections displays the entries along with each transaction amount and reference details. The Additional Information section displays the account holding pattern and the names of all the account holders, the branch in which the account is held along with original principal amount, current principal amount, maturity date, maturity amount, rate of interest, hold amount, deposit date, value date, deposit term etc.

Perform anyone of the following navigation to access the Term Deposit Details screen.

• On the Dashboard, click Overview widget, click Term Deposits card, then click on the Term Deposit Account Number.
• From the Search bar, type Term Deposits – Term Deposits Details and press Enter.
• From the Dashboard, click Toggle menu, click Menu, then click Accounts, and then click Deposit tab, and then click hen click on the Term Deposit Account Number.

The Term Deposit Details screen appears.

Figure 3-1 Term Deposit Details

Description of "Figure 3-1 Term Deposit Details"

Note:

The fields which are marked as Required are mandatory.

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

Table 3-1 Term Deposit Details - Field Description

Field Name	Description
Deposit Account Number	Select the term deposit account number whose details are to be viewed.
Deposit Details
Current Balance	The available balance of the deposit account is displayed.
Maturity Date	The date on which the term deposit will mature.
Product Name	The name of the product under which the term deposit is opened.
Nickname	Displays the nickname set for the term deposit. For more information, refer Account Nickname.
Nominee	The registered nominee set for the account. Click on Add link to add the nominee to the account.
Status	The current status of the term deposit account. The possible values are: Active Closed
Recent Transactions	For more information, refer Transactions screen.
Transaction Date	Date on which the activity was performed.
Description	Short description of the transaction.
Amount	The transaction amount.
Transaction Type	The type of transaction performed.
Show all transactions	To view all the transactions in account. On clicking the link, the user will be navigated to the Transactions screen.
Additional Information
Original Principal Amount	The amount for which the deposit was opened.
Current Principal Amount	The current principal amount is the revised principal amount after partial redemption, if done.
Deposit Date	The date on which the deposit was opened.
Deposit Term	The deposit term which is displayed in terms of years, months and/or days as defined by the customer at the time the deposit was opened.
Profit Rate	The rate of profit applicable on the term deposit.
Value Date	Value date of the deposit as maintained by the bank.
Accrued Profit	The total amount of Profit accrued till the last accrual date.
Maturity Amount	The value of the term deposit at the time of maturity.
Maturity Instruction	Maturity instruction set by the customer for the specific term deposit at the time of opening the deposit. The options can be: Close on Maturity (No Rollover) Renew Principal And Profit Renew Principal and Pay Out the Profit Renew Special Amount and Pay Out the remaining amount
Special Amount	Special amount to be rolled over. This field is displayed if the maturity instruction is defined as Renew Special Amount and Payout the Remaining Amount.
Pay to	The details of the account to which the deposit amount is to be transferred on maturity are displayed. The details include the account number in masked format, the transfer type (i.e. own, internal or domestic) and the details of the bank and branch of the account. This field is not displayed, if maturity instruction selected isRenew Principal and Profit.
Transfer	The details of the account/s to which the maturity amount is to be transferred are displayed. The details include the account number/s in masked format, the transfer type (i.e. own, internal or domestic) and the details of the bank and branch of the account/s.
Holding Pattern	Holding pattern of the term deposit. For single owner - Single For joint ownership - Joint or multiple
Primary Account Holder	Name of the primary account holder.
Joint Account Holder 1	Name of the joint account holder. This field is displayed only if the holding pattern of the term deposit is Joint.
Joint Account Holder 2	Name of the second joint account holder. This field is displayed only if the holding pattern of the term deposit is Joint and if multiple joint account holders are defined instead of just one.
Branch	Details of the branch at which the deposit account is held.
Hold Amount	Any amount kept as lien or marked for hold is displayed here.

The following actions can also be performed from this page:

• Click on the Quick Filters menu to view the transactions of a specific period or of specific transaction type.
• Click on the Recent Transactions, Additional Information links available on the top right corner page to navigate between the sections.
• For more information on Nickname (add/ modify/ delete), the option available under Account Details section. Refer Account Nickname section.
• For more information on Nominee, Nominationthe option available under Account Details section. Refer Nomination section in Oracle Banking Digital Experience Retail Customer Services User Manual.

• Note:

  If a nominee is already defined for the account, then the Edit Nominee option is displayed in kebab menu to modify it.
• Click on the New Term Deposit to open a new deposit account. The system redirects to the Product Offerings section of the bank portal page.
• Click on the More Actions menu to access account related transactions.