1.44 Transaction Code

This topic describes the information to configure the transaction code.

In the Transaction Code screen, users can define transaction codes to represent various types of transactions. Examples include processing charges, interest payments to customers, interest collections from customers, deposit closures, loan closures, cash deposits, cheque deposits, cash withdrawals, and cheque withdrawals. Users can specify the transaction types relevant to their business in the bank within this screen. The descriptions associated with these transaction codes are printed on account statements, reports, and advices, helping customers understand the transactions that have occurred in their accounts.

This topic contains the following subtopics:

• Create Transaction Code
  This topic describes the systematic instructions to configure transaction code details.
• View Transaction Code
  This topic describes the systematic instructions to view the list of configured transaction code.