5.1.1 Create Interest Account Group

This topic describes the systematic instructions to configure the interest account group.

A group of accounts can be linked to an account group. While creating an account, the user can link the account to an account group. The account group is in turn linked to an IC group which in turn is linked to an IC product. The account group is provided for user ease of operation.

In the absence of account group, the user must link each account to an IC product which is time consuming. With the application of account group, the user can link a group of accounts to an IC product and the IC product is applied to all the accounts in the group.

Specify User ID and Password, and login to Home screen.

1. On Home screen, click Oracle Banking Liquidity Management System. Under Oracle Banking Liquidity Management System, click Maintenance.
2. Under Maintenance, click Account Group. Under Account Group, click Create Interest Account Group.
   The Create Interest Account Group screen displays.

   Figure 5-1 Create Interest Account Group

   
   

   
   Description of "Figure 5-1 Create Interest Account Group"

   
   
3. Specify the fields on Create Interest Account Group screen.

   Note:

   The fields, which are marked with an asterisk, are mandatory.

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

   Table 5-1 Create Interest Account Group - Field Description

   Field	Description
   Group Code	Specify the group code to be maintained. The group codes are a five-character field.
   Group Description	Specify the description for the group code.

4. Click Save to save the details.