Set Your Own Goal

Introduction

This screen allows the retail user to create a goal of their choice. Once the details are entered by the user appropriately, they can click the click here link to view the Total amount to be saved for the goal and Amount to be saved per month.

Note:

• Formula to calculate

Total Amount to be Saved for Goal = [Price of House - (Current Saving for this Goal + Home Loan, if any)]

Amount to be Saved per Month = [Price of House - (Current Saving for this Goal + Home Loan, if any)] / [Date Difference in terms of month (Goal End Date- Goal Start Date))]

• If the user clicks the Proceed button without calculating the above 2 values, system will warn the user that he/she hasn�t computed the values for total amount to be saved for the goal and amount to be saved per month

• Result is shown in home currency

• After creating the goal successfully, in the subsequent page, a message will be displayed saying that -goal is created successfully, please link the account to the goal.

Navigation

The following is the navigation for this option:

• Select the Set Your Own Goal goal and click the Proceed button in Set a New Goal screen.

• The Set Your Own Goal 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

Set Your Own Goal

Goal Description

Specify the unique description for the new goal.

Goal Amount

Specify the goal amount.

Goal Start Date

Specify the start date for the goal. The date from which user would start accumulating the money for the goal.

Goal End Date

Specify the end date for the goal. The date on which the user would like to stop accumulating the money for the goal.

Current Savings for this Goal

Specify the amount already saved for the goal.

For Calculating the total goal amount and monthly saving

To calculate:

• Total amount to be saved for the goal

• Amount to be saved per month

Total Amount to be saved for goal

The total amount to be saved for the goal.

Amount to be saved per month

The amount to be saved per month.