2.15 Application Approval Stage

This topic describes the information on the various data segments to view the captured details and approve the application in the Application Approval stage

Users having functional access to the Account Approval Stage will be able to view the record in the Free Task process.

The Account Approval Stage comprises of all the data segment of the previous stages. Since the data segment are in view only mode and have been completed in the previous stages, the Account Approval stage is launched with Collateral Perfection Details data segment.

To approve an account opening:

1. Scan the records that appears in the Free Task list.
2. Click Acquire and Edit or Acquire from the Action column of the appropriate record. The Account Approval stage is displayed.

The Account Approval stage has the following data segments which user can only view:

• Customer Information – For detailed information, refer the Customer Information data segment in the Application Entry stage.
• Account Details - For detailed information, refer the Account Details data segment in the Application Entry stage.
• Mandate Details – For detailed information, refer the Mandate Details data segment in the Application Entry stage.
• Nominee Details – For detailed information, refer the Nominee Details data segment in the Application Entry stage.
• Stake Holder Details – For detailed information, refer the Stake Holder Details data segment in the Application Entry stage.
• Financial Details: - For detailed information, refer the Financial Details data segment in the Application Entry stage.
• Terms and Conditions – For detailed information, refer the Terms and Conditions data segment in the Application Entry stage.
• Interest Details: For details information, refer the Interest Details data segment in the Application Enrichment stage.
• Charge Details: For details information, refer the Charge Details data segment in the Application Enrichment stage.
• Account Limit Details: For details information, refer the Account Limit Details data segment in the Overdraft Limit Details stage.
• Temporary OD Limit Details: For details information, refer the Temporary OD Limit Details data segment in the Overdraft Limit Details stage.
• Advance against Uncollected Funds: For details information, refer the Advance against Uncollected Funds data segment in the Overdraft Limit Details stage.
• Initial Funding Details: For details information, refer the Initial Funding Details data segment in the Account Funding stage.
• Credit Rating Details: - For detailed information, refer the Credit Rating Details data segment in the Underwriting stage.
• Valuation Details - For detailed information, refer the Valuation Details data segment in the Underwriting stage.
• Legal Opinion - For detailed information, refer the Legal Opinion data segment in the Underwriting stage.
• Assessment Summary: For details information, refer the Assessment Summary data segment in the Offer Issue stage.

Refer below chapters for detailed information on data segment that are editable.

• Collateral Perfection Details
  This topic provides the systematic instructions to view the collateral perfection details.
• Approval Details
  This topic provides the systematic instructions to view and approve the application.
• Summary
  This topic provides the systematic instructions to view the tiles for all the data segments of the Savings Account Origination Process.