1.1.1.4.2 Saving or Current Product Preferences

This topic describes the saving product preferences details.

If the Product Category is selected as Individual to configure saving or current preferences:

Figure 1-7 Business Product Preference – Savings or Current Account Product

Description of "Figure 1-7 Business Product Preference – Savings or Current Account Product "

Table 1-7 Business Product Preference (Savings or Current Account Product) – Field Description

Field Name	Description
Common Configuration	Specify the common configurations for the business product.
Residential Status Allowed	Select the option for which the business product is applicable for. Available options are: Resident Non-Resident Both
Customer Status Allowed	Select the option for which the business product is applicable for. Available options are: Major Minor Both Not Applicable
Currency Allowed	Select the currency or currencies that are allowed for the business product. System allows to select multiple currencies, if applicable.
Minimum Age	Specify the minimum age of the applicant who are eligible to open the account for the business product being created. Select the period from the drop-down box. Available options are: Days Month Year
Maximum Age	Specify the maximum age of the applicant who are eligible to open the account for the business product being created. Select the period from the drop-down box. Available options are: Days Month Year
Inactive Application Expiry Period	Specify the period after which the application must be marked as Expired. Select the period from the drop-down box. Available options are: Days Month Year Once the application has expired, no further lifecycle activity can happen for that application.
Branch	Select one of the following options: Allowed – Select it to indicate and specify the branches where the account under the specified Business Product are allowed to be opened. Disallowed – Select it to indicate and specify the branches where the account under the specified Business Product are not allowed to be opened.
Financial Details Validity Period	Specify the validity period for financial details of the applicant. Select the period from the first drop-down box. Available options are: Days Month Year Select the numeric period from the second drop-down box. This field is mandatory for Current Product and non-mandatory for Savings Product.
Capture Financial Details	Specify whether you need to capture financial details for this business product.
Allowed Applicant Roles	Specify the applicant roles that are allowed to apply this product.
Customer Category	Select one of the following options: Allowed – Select to indicate whether the specified categories are allowed to open an account for selected product. Disallowed – Select to indicate whether the specified categories are not allowed to open an account for selected product. The system allows to select Disallowed and keep it blank so that the Business Product is allowed for all the branches.
Configuration for Savings & Current Account Products	Specify the configurations for Savings and Account product.
Initial Funding	Select to indicate whether the funding process must appears at the initial stage of account opening.
Fund Post Account Opening	Select to indicate whether the funding process must be performed post account opening. This field appears if the Initial Funding toggle is selected.
Currency	Displays the currency based on the Currency Allowed configured in the Common Configuration section. This field appears if the Initial Funding toggle is selected..
Minimum Amount	Specify the minimum funding amount if Initial Funding is mandatory for the account origination. This field appears if the Initial Funding toggle is selected.
Maximum Amount	Specify the maximum funding amount if Initial Funding is mandatory for the account origination. This field appears if the Initial Funding toggle is selected.
Overdraft Limit Preferences	This section you can set the preferences of overdraft limit.
Overdraft Limit Allowed	Select to indicate if overdraft limit is allowed for the account.
TOD Allowed	Select to indicate the TOD is allowed.
Against Uncleared Funds	Select to indicate the action against uncleared funds.
Offer Preferences	This section captures the preferences of overdraft offers. This section appears only if the Overdraft Limit Allowed toggle is selected.
Offer Amendment	Select to indicate whether the offer is allowed to amend.
Offer Expiry Period	Select the expiry period of an offer in days, months and years. Enter the count. OR Select the up and down arrow to increase or decrease the count.
Offer Acceptance Method	Select the method to accept the offer. The available options are: Manual Auto
Cheque Book	Select to indicate if cheque book is to be allowed for the account.
Passbook	Select to indicate if passbook is to be allowed for the account.
Debit Card	Select to indicate if debit card is to be allowed for the account.
Banking Channels	Select to indicate if multiple banking channels are allowed for the account.
Channels Allowed	Select the channels that are allowed to the account. The available options are: KISOK Banking Direct Banking Phone Banking This field appears if the Banking Channel toggle is selected.
Debit Decision Service Flag	This section captures the debit decision details.
Debit Decision Service Flag	Select to indicate the debit decision service is allowed.
Credit Decision Service Flags	Select the Credit Decision Service Flags. The below flags appear only if Overdraft Limit Allowed toggle is selected.
Risk Based Pricing Applicable	Select the toggle if Risk based pricing is allowed for the loan accounts.
Application Based	Select the toggle if the scorecard calculation should be considered based on the application.
Primary Applicant Based	Select the toggle if the scorecard calculation should be considered based on the Primary applicant.

If the Product Category is selected as Small and Medium Business:

Figure 1-8 Business Product Preference – Savings and Current Account Product (SMB)

Description of "Figure 1-8 Business Product Preference – Savings and Current Account Product (SMB)"

Table 1-8 Business Product Details – Field Description

Field	Description
Common Configuration	Specify the common configurations for the business product.
Business Demography	Select the option for which the business product is applicable for. Available options are: Domestic Overseas
Currency Allowed	Select the currency or currencies that are allowed for the business product. System allows to select multiple currencies, if applicable.
Inactive Application Expiry Period	Specify the period after which the application must be marked as Expired. Select the period from the drop-down box. Available options are: Days Month Year Once the application has expired, no further lifecycle activity can happen for that application.
Branch	Select one of the following options: Allowed – Select it to indicate and specify the branches where the account under the specified Business Product is allowed to be opened. Disallowed – Select it to indicate and specify the branches where the account under the specified Business Product is not allowed to be opened.
Financial Details Validity Period	Specify the validity period for financial details of the applicant. Select the period from the first drop-down box. Available options are: Days Month Year Select the numeric period from the second drop-down box. This field is mandatory for Current Product and non-mandatory for Savings Product.
Allowed Applicant Roles	Specify the applicant roles that are allowed to apply this product.
Customer Category	Select one of the following options: Allowed – Select it to indicate and specify the customer category where the account under the specified Business Product are allowed to be opened. Disallowed – Select it to indicate and specify the customer category where the account under the specified Business Product are not allowed to be opened. The system allows to select Disallowed and keep it blank so that the Business Product is allowed for all the branches.
Configuration for Savings & Current Account Products	In this section you can capture the configurations for Savings and Account product.
Initial Funding Threshold Preferences	In this section you can capture initial funding threshold preferences for saving or current account.
Initial Funding	Select the toggle if Initial Funding is mandatory for the Account Origination.
Fund Post Account Opening	Select to indicate whether the funding stage should be post account opening.
Currency	Displays the currency based on the Currency Allowed configured in the Common Configuration panel above. This field appears only if the Initial Funding toggle is enabled.
Minimum Amount	Specify the minimum funding amount. This field appears only if the Initial Funding toggle is enabled.
Maximum Amount	Specify the maximum funding amount. This field appears only if the Initial Funding toggle is enabled.
Offer Preferences	This section captures the preferences of overdraft offers. This section appears only if the Overdraft Limit Allowed toggle is selected.
Offer Amendment	Select to indicate whether the offer is allowed to amend.
Offer Expiry Period	Select the expiry period of an offer in days, months and years. Enter the count. OR Select the up and down arrow to increase or decrease the count.
Offer Acceptance Method	Select the method to accept the offer. The available options are: Manual Auto
Banking Channels Preferences	In this section you can capture the banking channel preferences for saving or current product.
Cheque Book	Select to indicate if cheque book is to be allowed for the account.
Banking Channels	Select to indicate if multiple banking channels are allowed for the account.
Channels Allowed	Select the channels that are allowed to the account. The available options are: KISOK Banking Direct Banking Phone Banking
Passbook	Select to indicate if passbook is to be allowed for the account.
Debit Card	Select to indicate if debit card is to be allowed for the account.
Direct Banking	Select to indicate if direct banking is to be allowed for the account.
Phone Banking	Select to indicate if phone banking is to be allowed for the account.
Kiosk Banking	Select to indicate if Kiosk banking is to be allowed for the account.
TOD Allowed	Select to indicate if TOD is allowed for the account.
Against Uncleared Funds	Select to indicate if against uncleared funds is allowed for the account.
Overdraft Limit Allowed	Select to indicate if overdraft limit is allowed for the account.
Credit Decision Service Flags	Select the Credit Decision Service Flags. The below flags appear only if Overdraft Limit Allowed toggle is selected.
Risk Based Pricing Applicable	Select the toggle if Risk based pricing is allowed for the loan accounts.
Application Based	Select the toggle if the scorecard calculation should be considered based on the application.
Primary Applicant Based	Select the toggle if the scorecard calculation should be considered based on the Primary applicant.

1. Click Next in Business Product Host Mapping screen to proceed with next data segment, after successfully capturing the data.
2. Specify the details in the relevant data fields. The fields which are marked with Required are mandatory. For more information on fields, refer to the field description table.