2.2.4 Insta Party Amendment - Employment Details
Employment data segment captures employment details of a retail party. A retail party can be employed as a salaried or a self-employed profession. Employment details are necessary for a bank to determine the professional stability of the party.
Note:
The fields marked as Required are mandatory.The following data segments are available in the employment details section.
Table 2-10 Data Segment - Description
Sl.No | Data Segment Name | Mandatory / Optional / Conditional | Description |
---|---|---|---|
1 | Salaried | Optional | A salaried employee is a person who works for an organization and receives a fixed and regular compensation for the services provided to the organization. |
2 | Self-Employed/Professional | Optional | A self-employed person does not work for a specific organization and works for oneself as a freelance or the owner of a business rather than for an employer. |
Parent topic: Insta Party Amendment