Renew Top-up Deposit

Introduction

This screen allows the customer to renew the top up deposit account provided the user has a top up deposit. Customer can select the top up deposit account if the user has more than one top up deposit account. The user can specify the renewal instructions along with committed amount (in case of extra payment for the account), instructions for interest calculation and renewal period along with remarks.

Customer has the option of sending it to core system (online) by clicking the Submit Online button or can send this to relationship manager within e-Banking application by clicking the Submit to Relationship Manager button. If sent to core system, renewal instructions would be updated in core backend and if sent to relationship manager, then relationship manager will take it up further for processing.

Navigation

The following is the navigation for this option:

Select Renew Top-up Deposit from the More Actions drop-down list in View Deposit Accounts screen.
The Renew Top-up Deposit screen is displayed.

What you can do

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

Field

Description

Renew Top Up Deposit

Deposit Account

From the drop-down list select the top up deposit account number to be renewed.

Renewal Instructions

From the drop-down list select the instructions to be carried out for renewal of the top up deposit.

Valid Values:

Renew Principal and Interest

Renew Principal only and redeem Interest

Renew Interest only and redeem Principal

Repay & Renew to TUA

Renew to TUA without contribution

Committed Amount

Specify the committed amount, in case of extra contribution for the top up deposit.

Instructions for Interest Calculation

Select the relevant option buttons against the instructions for interest calculation to:

Calculate Inflow
Calculate Outflow

Interest can be either:

calculated and reinvested either monthly or quarterly
calculated and redeemed either monthly or quarterly

Top-up Deposit Renewal Period

The duration for which the top up deposit should be renewed in months and days. This period would be considered as maturity date for the existing account.

Transaction Remarks

Specify remarks about the renewal of a fixed deposit, if any.

Debit Service Charge Account

From the drop-down list, select the account to which charges should be debited.

Click	To
Details	View the details of the top up deposit like the currency, category, start date, maturity date, amount and interest rate.
Submit Online	Submit the request form to the core system.
Submit to Relationship Manager	Submit the request form to the relationship manager. This form would be sent to relationship manager for the above request within the e-Banking system.
Back	Return to the previous screen.