2.1.2 Account Details

This topic provides the systematic instructions to capture the account related information for the application.

The Account Details data segment displays the account details.

1. Click Next in previous data segment screen to proceed with the next data segment, after successfully capturing the data.
   The Account Details screen displays.

   Figure 2-8 Account Details

   
   

   
   Description of "Figure 2-8 Account Details"

   
   
2. Specify the fields on Account Details screen.

   Note:

   The fields, which mentioned as Required, are mandatory.

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

   Table 2-6 Account Details

   Abbreviation	Description
   Account Type	Displays the account type based on the product selected in the product catalogue.
   Business Product Name	Displays the business product name based on the product selected in the product catalogue.
   <Product Image>	Displays the business product image.
   <Product Description>	Displays a short description of the business product.
   Account Branch	By default, displays the logged-in user’s home branch. System allows to select the branch from the branch list of values.
   Deposit Type	Select the deposit type from the drop-down list. The available options are: Simple Term Deposit Reinvestment Term Deposit
   Term Deposit Amount	Select the currency and the specify term amount. Select the currency from the drop-down list.
   Term Deposit Tenure	Specify the term deposit tenure in year, months and days. Based on the Host Product mapped in the Business Product Configuration screen, the user is allowed to select to tenure configured in the respective host product. For example, If the mapped Host Product is Oracle Banking Accounts then the user can select the Term Deposit Tenure from the drop-down list.
   Compute	Click Compute to compute the value based on the above entered details. Following fields are appears with the computed details: Interest Rate Interest Amount Maturity Amount
   Interest Rate	Display the interest rate which is applicable on term deposit amount.
   Interest Amount	Displays the interest amount which is calculated based on the interest rate and term deposit amount.
   Maturity Amount	Displays the maturity amount which is disbursed by the end of term. This amount is total of Term Deposit Amount and Interest Amount. If the Deposit Type is Simple Term Deposit then the maturity amount is same as principal amount.
   Fund the Account	Select to opt the initial funding for the account opening.
   Fund By	Select the fund by options from the drop-down list. The available options are: Cash Account Transfer Other Bank Cheque GL Account
   Transaction Reference No	Specify the transaction reference number. This field is applicable only if the Account Transfer option is selected from the Fund By drop-down list.
   Term Deposit Amount	Displays the term deposit amount updated earlier.
   Value Date	Select the Current Business date.
   Account Number	Select the account number from the Account Search popup. This field is applicable only if the Account Transfer option is selected from the Fund By drop-down list. In Account Search popup, the user can view only the accounts of the existing customers who are part of the application.
   Account Name	Displays the account name for the selected account number.
   Cheque Number	Specify the Cheque number. This field is applicable only if the Other Bank Cheque option is selected from the Fund By drop-down list.
   Cheque Date	Select the Cheque date. This field is applicable only if the Other Bank Cheque option is selected from the Fund By drop-down list.
   Bank Name	Specify the Bank name. This field is applicable only if the Other Bank Cheque option is selected from the Fund By drop-down list.
   Branch Name	Specify the Branch name. This field is applicable only if the Other Bank Cheque option is selected from the Fund By drop-down list.
   GL Code	Specify or the general ledger code where the funding amount is to be debited. This field is applicable only if the GL Account option is selected from the Fund By drop-down list.
   GL Description	Displays the description of selected GL Account. This field is applicable only if the GL Account option is selected from the Fund By drop-down list.
   Maturity Instruction	Select the maturity type from the drop-down list. Available options are: Available options for Simple Term Deposit are: Renew Principal Only Close On Maturity Available options for Reinvestment Term Deposit are: Renew Principal and Interest Renew Principal Only Close On Maturity
   Maturity Payout Mode	Select the maturity payout mode from the drop-down list. The available options are: Transfer to Account GL Account Demand Draft This field appears only if the Close On Maturity option is selected in the Maturity Instruction field. The options in this drop-down list appears based on the Business Product Configuration screen.
   Interest Payout	Select the interest payout from the drop-down list. This field is not applciable if the Close On Maturity option is selected from the Maturity Instruction drop-down list.
   Interest Payout Mode	Select the interest payout mode from the drop-down list. The available options are: Transfer to Account GL Account External Account Demand Draft The options in this drop-down list appears based on the mapped Host Product in the Business Product Configuration screen.
   Account Number	Click Search icon and select the Account Number. This field appears only if the Interest Payout Mode is selected as Transfer to Account. User can only accounts of the existing customer in the Account Search popup.
   BIC Code	Click Search icon and select the BIC Code from the list. This field appears only if the Interest Payout Mode is selected as External Account.
   Bank	Displays the bank code and name based for the selected BIC Code.
   Branch	Displays the branch code and name based for the selected BIC Code.
   Account Holder Name	Specify the Account Holder name. This field appears only if the Interest Payout Mode is selected as External Account.
   External Account Number	Specify the external account number. This field appears only if the Interest Payout Mode is selected as External Account.
   External Account Transfer Maturity	This section displays the external account transfer maturity details.
   BIC Code	Click Search icon and select the BIC Code from the list.
   Bank	Displays the bank code and name based for the selected BIC Code.
   Branch	Displays the branch code and name based for the selected BIC Code.
   Account Holder Name	Specify the Account Holder name.
   External Account Number	Specify the external account number to which the maturity amount has to be transferred.

   Note:

   The GL Account and GL Account Description will be applicable depending on the following scenarios:

   Table 2-7 Fund By

   Fund By	Fund By Mode (In the Plato Properties Table)	Applicability
   Cash	Automatic	Applicable
   Cash	Manual	Applicable
   Account Transfer	Host	Applicable
   Account Transfer	Manual	Applicable
   Cheque	Host	Non - Applicable
   Cheque	Manual	Applicable

3. Click Next to navigate to the next data segment, after successfully capturing the data. The system will validate all mandatory data segments and data fields. If mandatory details are not provided, the system displays an error message for the user to take action. User will not be able to proceed to the next data segment, without capturing the mandatory data.