1.6 Process Plan Maintenance Detail

This topic provides the systematic instructions to create templates for standing instructions.

Templates are particularly useful when you are entering standing instructions for multiple funds with the same characteristics for a unit holder, wherein options and rules are applicable to all funds belonging to the investor.

Set up Plan level SI of same fund type (Onshore/ Offshore) funds. You cannot create Plan level SI with combination of Onshore and Offshore funds.

  1. On Home screen, type UTDRSPM in the text box and click Next.
    The Plan Maintenance Detail screen is displayed.

    Figure 1-16 Plan Maintenance Detail


    Description of Figure 1-16 follows
    Description of "Figure 1-16 Plan Maintenance Detail"

  2. On Plan Maintenance Detail screen, specify the fields.
    For more information on fields, refer to the field description table.

    Table 1-36 Plan Maintenance Detail - Field Description

    Field Description
    Plan Code Alphanumeric; 6 Characters; Mandatory

    Provide a unique identification for the new template you are creating, in this field.

    Plan Description Alphanumeric; 60 Characters, Mandatory

    Enter descriptive text, a short phrase that qualifies the plan.
    Contribution Details

    In this section, specify the period during which the standing instruction is to be processed for the unit holder, the minimum contribution amount, as well as the frequency at which it must be processed.
    Minimum Contribution Amount Numeric; 30 Characters; Mandatory

    Indicate the minimum value of the transaction amount that is to be generated in respect of the instruction.
    Contribution Frequency Alphanumeric; 5 Characters; Mandatory

    From the option list, select the frequency at which the standing instruction must be processed. The value specified here will be defaulted to all the underlying standing instructions.
    Contribution Frequency Description Display

    The system displays the description for the selected contribution frequency.
    SI Auto-Termination Cumulative Counter Alphanumeric; 3 Characters; Optional

    Specify the maximum number of times the SI payment rejections are allowed before the auto termination.
    SI Auto Termination Consecutive Counter Numeric; 3 Characters; Optional

    Specify the maximum number of times consecutive SI payment rejections should be allowed before the SI is automatically terminated.
    Contribution Currency Alphanumeric; 3 Characters; Mandatory

    From the list, select the currency in which the transactions generated in respect of the standing instruction will be processed.
    Currency Name Display

    The system displays the currency name.
    Minimum Contribution Period Alphanumeric; 5 Characters; Mandatory

    From the list, select the unit in which minimum period between the Start Date and End Date of the standing instructions is to be reckoned.
    Min Contribution Period Name Display

    The system displays the minimum contribution period name for the selected period.

    Value Numeric; 5 Characters; Mandatory

    Specify the value of the minimum contribution period between the Start Date and End Date of the standing instructions.

    Note: Minimum Contribution Period and Value should be proportionate to Contribution Frequency. For example, if the Contribution Frequency is Months then the Minimum Contribution Period and value should be above a month’s time.

    Bank Details

    In this section, you specify details of any bank accounts operated for the savings plan.
    Bank Alphanumeric; 12 Characters; Optional

    From the list, select the name of the bank in which the account is held.
    Bank Name Display

    The system displays the name of the bank.
    Branch Alphanumeric; 12 Characters; Optional

    From the list, select the name of the branch of the bank in which the account is held.
    Branch Name Display

    The system displays the branch name.
    Account Number Alphanumeric; 34 Characters; Optional

    Specify the number of the account for the plan in the selected bank.
    Account Name Alphanumeric; 140 Characters; Optional

    Specify the name in which the account is maintained for the plan.
    Pay Code Alphanumeric; 25 Characters; Optional

    Enter the pay code of the bank in which the account is held.
    Payment Due Date Date Format; Optional

    Specify the date on which the payment is due. The payment date cannot be back dated.
    Auto Pay Credit Alphanumeric; 20 Characters; Optional

    Specify the auto pay credit number for the savings plan.

    IBAN Alphanumeric; 40 Characters; Optional

    Specify the (International Bank Account Number (IBAN)of the account holder.

Parent topic: Maintain Standing Instructions