1. Retail Deposits User Guide (US Regionalization)
  2. Operations
  3. CD Maintenances
  4. Certificate of Deposit Payout Modification
  5. Modify CD Payout Modification

2.4.3.2 Modify CD Payout Modification

You can modify the CD payout details.

To modify CD payout simulation:

  1. Click the Edit icon from the Actions field.
    The details of the payout are displayed.
  2. You can modify the details by performing any of the following actions:
    • For Component selected as Principal, Interest, or Principal & Interest
      • Payout through Own Account
      • Payout through Other Account and Type as Account within Bank
      • Payout through Ledger
    • For Component selected as Rollover Principal, Rollover Interest, or Rollover Principal & Interest

    Below are the details of the actions:

    • For Component selected as Principal, Interest, or Principal & Interest
      • Payout as Own Account
        1. Modify the required details.

          Figure 2-37 Payout as Own Account


          Description of Figure 2-37 follows
          Description of "Figure 2-37 Payout as Own Account"

          For more information on fields, refer to the field description table.

          Table 2-27 Payout by own account – Field Description

          Field Description
          Component Select the Principal, Interest, or Principal & Interest component for payout.

          Note:

          For information on Rollover Principal, Rollover Interest, or Rollover Principal or Interest, refer For Component selected as Rollover Principal, Rollover Interest, or Rollover Principal & Interest.
          Amount in Percentage Specify the amount in percentage for payout.

          Note:

          You can increase or decrease the amount by dragging the slider to right or left. If you have specified the amount, then accordingly the slider is adjusted automatically.
          Payout Mode Select the payout mode as Account.

          Note:

          For information on payout mode as Ledger, refer Payout through Ledger.
          Account Select the own account for performing the payout.

          Note:

          For information on other accounts, refer Payout through Other Account and Type as Account within Bank.
        2. Click Save.
      • Payout through Other Account and Type as Account within Bank
        1. Maintain the required details based on the option selected.

          Figure 2-38 Payout through Other Account and Type as Account within Bank


          Description of Figure 2-38 follows
          Description of "Figure 2-38 Payout through Other Account and Type as Account within Bank"

          For more information on fields, refer to the field description table.

          Table 2-28 Payout by other account within bank – Field Description

          Field Description
          Component Select the Principal, Interest, or Principal & Interest component for payout.

          Note:

          For information on Rollover Principal, Rollover Interest, or Rollover Principal or Interest, refer For Component selected as Rollover Principal, Rollover Interest, or Rollover Principal & Interest.
          Amount in Percentage Specify the amount in percentage for payout.

          Note:

          You can increase or decrease the amount by dragging the slider to right or left. If you have specified the amount, then accordingly the slider is adjusted automatically.
          Payout Mode Select the payout mode as Account.

          Note:

          For information on payout mode as Ledger, refer Payout through Ledger.
          Account Select the Other account for performing the payout.

          Note:

          For information on own accounts, refer Payout through Own Account.
          Type Select the Account Within Bank type.
          Account Number Specify the account number which is within the same bank for performing the payout.
        2. Click Save.
      • Payout through Ledger
        1. Maintain the required details based on the option selected.

          Figure 2-39 Payout through Ledger


          Description of Figure 2-39 follows
          Description of "Figure 2-39 Payout through Ledger"

          For more information on fields, refer to the field description table.

          Table 2-29 Pay through Ledger – Field Description

          Field Description
          Component Select the Principal, Interest, or Principal & Interest component for payout.

          Note:

          For information on Rollover Principal, Rollover Interest, or Rollover Principal or Interest, refer For Component selected as Rollover Principal, Rollover Interest, or Rollover Principal & Interest.
          Amount in Percentage Specify the amount in percentage for payout.

          Note:

          You can increase or decrease the amount by dragging the slider to right or left. If you have specified the amount, then accordingly the slider is adjusted automatically.
          Payout Mode Select the payout mode as Ledger.

          Note:

          For information on payout mode as Account, refer Payout through Own Account.
          Ledger Code Select the ledger code for the payout.

          Note:

          For information on fields displayed as you click the Search icon, refer Fetch Ledger Code.
          • To fetch the ledger code:
            1. From the Ledger Code field, click the Search icon from the first field.

              The Code section is
                  displayed.

              Figure 2-40 Ledger Code

              Description of Figure 2-40 follows
              Description of "Figure 2-40 Ledger Code"
            2. Specify the code in the Code field and click Fetch.
            3. Select the code displayed in the table.
        2. Click Save.
    • For Component selected as Rollover Principal, Rollover Interest, or Rollover Principal & Interest
      1. Maintain the required details for the option selected.

        Figure 2-41 Rollover Principal, Rollover Interest, or Rollover Principal and Interest


        Description of Figure 2-41 follows
        Description of "Figure 2-41 Rollover Principal, Rollover Interest, or Rollover Principal and Interest"

        For more information on fields, refer to the field description table.

        Table 2-30 Rollover Principal, Rollover Interest, or Rollover Principal & Interest - Field Description

        Field Description

        Component

        		 Select the Rollover Principal, Rollover Interest, or Rollover Principal or Interest component for payout.

        Note:

        For information Principal, Interest, or Principal & Interest, refer For Component selected as Principal, Interest, or Principal & Interest.

        Deposit Product

        Displays the text as The amount will be auto rolled over in the same product i.e. <productname>

        Maturity Tenor

        		 Select and specify the maturity tenor for the payout.
        • Tenure: If you select this option, then specify the tenure for maturity in year, months, and days in the fields displayed adjacent.
        • Date: If you select this option, then specify or select the date.

        Interest Rate Based On

        		 Select the basis for the interest rate calculation. The options are:
        • Incremental Amount
        • Cumulative Amount
  3. Click Submit.
    The screen is successfully submitted for authorization.

Parent topic: Certificate of Deposit Payout Modification