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Introduction |
This screen allows you to model the deposit for the scheme selected. |
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Navigation |
The following is the navigation for this option:
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What you can do |
The table below provides a brief description of the data displayed on the screen and the functions you can perform: |
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Product Details The name of the product and its details. Displays the product details, such as, Deposit Amount, Repayment Period, Interest Details, and so on. |
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Interest Details |
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Sl. No. |
The serial number of the record. |
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Max. Period |
The maximum period for which the deposit can be made. |
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Interest Rate |
The rate at which the interest is calculated. This rate will be considered, only when preferred interest rate is not specified by the user. |
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Penal Interest Rate |
The rate at which interest is calculated in case the amount is withdrawn before the maturity date. |
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Enter values in the following fields to compute deposit maturity details. |
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Start Date |
The date on which the deposit is made. The date format is the user preferred format. |
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Deposit Amount |
The amount deposited under the particular scheme. The amount entered should be in the range, specified in the scheme selected and also should be in multiples of amount specified in the scheme. |
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Preferred Interest Rate |
The interest rate specified by the user. It should be in the range of 0 to 100. |
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Maturity Amount |
The amount that would be available on maturity. This should be entered in such a way that the calculated deposit amount against it should be in the range specified by the scheme. |
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Repayment Period |
The period for which the amount is deposited with the bank. This is indicated in terms of months and days. This is read only field. It will be re-calculated, in case of premature payment. |
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Premature Date |
Specify the premature closure date. Based on the date specified in this field, the system recalculates the maturity amount. |
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Applied Interest Rate |
The actual interest rate that is applied for modeling. It will be penal interest rate in case of premature closure of deposit. This is a protected field. |
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Maturity Date |
The date on which the deposit matures. |
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Compute |
View details of deposit schedule in a graph. The graph displays the components of the deposit schedule. The X axis of the graph indicates the number of months for which the amount is deposited. The Y axis represents the following components of the deposit amount:
Each component of the deposit schedule is shown in a different color. |
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Back |
Return to the previous screen. |