3 New Term Deposit under Oracle FLEXCUBE Core Banking
The New Deposit page enables the customer to apply for a new term deposit. All the term deposit offerings of the bank are available for selection on this page. The customer can select any product offered in order to apply for a term deposit of choice.
While applying for a term deposit, the customer is required to identify the amount for which the deposit is to be opened, the tenure i.e. the term of the deposit and the holding pattern i.e. single or joint. Additionally, the customer is also required to define maturity instructions and also to select the savings account from which funds are to be debited in order to fund the deposit.
In certain cases, such as specific to India region, banks might require the customer to specify his/her PAN (Permanent Account Number) while applying for a new term deposit. These could be mandatory if the customer is creating a new term deposit that exceeds a value defined by the bank or if, at any given point in time, while creating a new term deposit, the cumulative value of the deposits (Fixed as well as Recurring Deposits) held by the customer exceeds a certain amount.
The Small & Medium Business user will get only the corresponding products to choose from while creating the term deposit.
The term deposit offerings of the bank available are:
Note:
The Product mapping should be done for the user segment, so that concerned TD products are available for the user.Navigation Path:
OR
From the Search bar, type Deposits – New Term Depositand press Enter
OR
On the Dashboard, click Overview widget, click Term Deposits card, then click on the New Term Deposit.