Renew Fixed Deposit

Introduction

This option allows the user to renew his existing fixed deposits.

Navigation

  • Select the Renew Fixed Deposit option in the More Actions drop-down in the View Deposit Accounts screen.

  • The Renew Fixed Deposit screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions you can perform:

Field

Description

Renew Fixed Deposit

Select the deposit account from the drop-down list that has to be renewed.

FD Maturity Period

Maturity period

Renewal Instructions

Specify the instructions to be carried out for renewal of the FD. User can select:

  •  Renew Principal and Interest

  •  Renew Principal Only and Redeem Interest

  •  Renew Interest Only and Redeem Principal

Branch For FD Renewal

Shows the branch if applicable.

Fixed Deposit Renewal Period

The duration for which the fixed deposit should be renewed in days and months.

Remarks

Enter remarks, if any, on deposit renewing.

 

Click

To

Submit

Send the online request for renewing a deposit account.

Note:

Clicking on this button will take the users to a screen where the above entered details are shown for confirmation and also user is prompted to enter the authorization details. Authorization details will be prompted only if the service request is authorization enabled.

Back

Return to the previous screen.