2.4 TD Maintenances
You can maintain the TD account details in this section. A deposit with a fixed tenure or term is called as time deposit or Term Deposit (TD).
This topic contains the following subtopics:
- Term Deposit Amount Block
You can block the TD amount. A Term Deposit can be blocked for certain amount due to different reasons like collateral to an overdraft, funds provider account during sweep transactions, and so on. Also, the Bank might receive request from any authorized external agencies to block the TD amount. - View and Modify Amount Block
You can view or modify the already added block details using this screen. - Term Deposit Payout Modification
You can view or modify the payout instructions maintained during the TD account opening using this screen. Also, you can create new payout instruction, if no instructions are maintained for the TD account. - Term Deposit Account Modification
You can modify certain attributes of the TD. Also, the account description and interest rates. Based on customer's request or otherwise, you can change the account description or interest rates associated with the account. - Term Deposit Joint Holder Maintenance
Term Deposit account can be owned by single holder or multiple owners. This screen can be used for modifying the deposit account’s joint holder details. You can either add joint holders for the first time or modify the existing joint holder relationship using this screen. - Term Deposit Nominee Details Update
You can modify the existing nominee details, add a new nominee, and delete the existing nominee details added to the TD account using this screen.
Parent topic: Operations