1.1.1.1 Business Product Details

This topic describes the systematic instructions to create business product details.

The Business Product Details is the first data segment to create a Business Product application.

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

To configure business product details:

1. On Home screen, click Retail Banking. Under Retail Banking, click Configuration.
2. Under Configuration, click Business Product.
3. Under Business Product, click Create Business Product.

   The Business Product Details screen displays.

   Figure 1-1 Business Product Details

   
   

   
   Description of "Figure 1-1 Business Product Details "

   
   
4. Specify the fields on Business Product Details screen.

   Note:

   The fields, which mentioned as Required, are mandatory.

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

   Table 1-1 Business Product Details – Field Description

   Field	Description
   Product Type	Select the product from the drop-down list. Available options are: Savings Account Current Account Loan Account Term Deposit Account Credit Card
   Product Category	Select the product category. Available options are Individual Small and Medium Business If Product Type is selected as Credit Card, the system defaults as Individual in read-only mode.
   Product Sub Type	Select the product sub-type from the drop-down list. This field appears and is supported for the below listed Product types and the respective product categories only. Loan Account Home Loan (Individuals) Vehicle Loan (Individuals) Education Loan (Individuals) Personal Loan (Individuals) Business Loan (Small and Medium Business) Term Loan (Small and Medium Business) Term Deposit Simple Term Deposit Reinvestment Term Deposit Credit Card Retail Credit Card This field is not applicable for Saving Account and Current Account.
   Business Product Code	Specify the business product code. NOTE: Maximum length of business product code should not be more than 6 characters. Alphanumeric and alphabets should be in capital.
   Business Product Name	Specify the business product name.
   Business Product Date Range	Select the date range as per the business requirement. System displays the logged in application date in Start Date by default. The End date has to be ahead of the Start Date and the Business Product Review Date.
   Business Product Review Date	Select the review date as per the business requirement. Review date has to be ahead of the Business Product Start Date and earlier than the Business Product End Date.
   First Home Buyer Applicable	Select to indicate whether first home buyer feature is applicable for the specified product. This field appears if the Loan Account option and Home Loan option is selected from the Product Type list and Product Sub Type list respectively.
   Channel Allowed	Select the channels which are allowed for the business product from the drop-down list. Available options are: RPM OBDX
   Fintech Allowed	Select the toggle if the business product is supported for Origination from ‘Fintech’ Companies.
   Fintech Name	Select the Fintech Company name from the drop-down list. System allows selection of multiple companies. This field is displayed only if Fintech Allowed toggle is selected.
   IPA Applicable	Select the toggle to indicate whether the In-Principal Approval (IPA) is applicable for loan. By default, this will be disabled. This field is displayed if Product Type is selected as Loan and Product Category is selected as Individuals.
   Application Submission is Mandatory	Select the toggle to make the Application Entry stage as mandatory in Product Details data segment for the business product. This configuration will be possible only if the Application submission configuration is set as ‘Y’. Please refer section 2.8Application Submission Configuration for more details.