1 Interest and Charges Maintenance

This topic provides the information about the various maintenances to calculate the Interest and Charges in the system.

On the balance type of accounts maintained in the bank, the user would want to apply interest. Using the Interest component, the user can calculate and apply interest on accounts. Setting up the Interest component is a one-time activity. Once the set up is done, the system automatically computes and applies interest on all the balance type accounts. Interest is calculated for all accounts using the interest rules that the user defined. The user can define the interest rules to suit the particular requirements of the bank.

This topic contains the following subtopics:

• Interest Rule Maintenance
  This topic provides the information to configure and maintain interest rule maintenance.
• Product Maintenance
  This topic provides the information to configure and maintain product maintenance.
• IC Group Input
  This topic provides the information to configure and maintain IC group input.
• IC Group Product Mapping Input
  This topic provides the information to configure and maintain IC group product mapping input.
• Branch Parameters
  This topic provides the information to configure and maintain the branch parameters.
• UDE Value Input
  This topic provides the information to configure and maintain UDE value input.
• IC Accounting Entry Maintenance
  This topic provides the information to configure and maintain IC accounting entry.
• Customer Interest Role to Head Mapping
  This topic provides the information to configure and maintain the customer interest role to head mapping.
• IC Rate Code Maintenance
  This topic provides the information to configure and maintain IC rate code.
• Rate Input Maintenance
  This topic provides the information to configure and maintain the rate input.
• Period Code Maintenance
  This topic provides the information to configure and maintain the period code.
• Product UDE Limits
  This topic provides the information to configure and maintain the product UDE limits.
• Interest History
  This topic provides the information about the interest history for an account of the branch.
• External Handoff
  This topic provides the information to configure and maintain the external handoff.
• External Service Parameters
  This topic provides the information to configure and maintain the external service parameters.