2.1.6 Interest Details

This topic provides the systematic instruction to view the details captured for the Interest Details

The Interest Details data segment displays the interest applicable for the account. The user can acquire the application from Free Tasks list.

The user can update the further fields for supplementing the customer related information.

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

   Figure 2-14 Interest Details

   
   

   
   Description of "Figure 2-14 Interest Details"

   
   
2. Specify the fields on Interest Details screen.

   Note:

   The fields, which mentioned as Required, are mandatory.

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

   Table 2-11 Interest Details - Field Description

   Field	Description
   Interest Rate	Displays the interest rate. Interest Rate is fetched from host back end product to which this account is mapped through the Business Product configuration.
   Margin In %	Specify the margin in percentage. This field is editable if the Margin Allowed toggle is ON at the product level.
   Effective Rate %	Displays the effective rate calculated based on the Interest Rate and the specified Margin.
   APY	Displays the annual percentage yield value for applicable interest.

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.