2.56 Process FCIS Interest Rate Maintenance Detail

This topic provides the systematic instructions to maintain interest rate that is to be used for interest calculation.

In order to arrive at the rate of interest, you have to maintain the effective date, transaction currency details and interest rate of the transaction.
  1. On Home screen, type UTDINRMN in the text box, and click Next.
    The FCIS Interest Rate Maintenance Detail screen is displayed.

    Figure 2-66 FCIS Interest Rate Maintenance Detail


    Description of Figure 2-66 follows
    Description of "Figure 2-66 FCIS Interest Rate Maintenance Detail"

  2. On FCIS Interest Rate Maintenance Detail screen, click New to enter the details.
    For more information on fields, refer to the field description table.

    Table 2-61 FCIS Interest Rate Maintenance Detail - Field Description

    Field Description
    Effective Date

    Date Format; Mandatory

    Specify the date the system should consider for calculating the rate of interest.
    Interest Rate (%) Numeric; 30 Characters; Mandatory

    Specify the interest rate for the currency you have selected.
    Transaction Currency Alphanumeric; 3 Characters; Mandatory

    Select the currency of transaction from the option list.
    Currency Name Display

    The system displays the name of the selected transaction currency.