1. Retail Deposits User Guide (US Regionalization)
  2. Operations
  3. CD Transactions
  4. Top Up

2.3.2 Top Up

You can perform a CD top-up transaction using this screen.

Note:

The fields marked as Required are mandatory.
  1. On the Homepage, from the Certificate of Deposit Services mega menu, under Certificate of Deposits, under Transactions, click Top Up or specify Top Up in the search icon bar and select the screen.

    The Certificate of Deposit Top Up screen is displayed.

    Figure 2-17 Certificate of Deposit Top Up


    Description of Figure 2-17 follows
    Description of "Figure 2-17 Certificate of Deposit Top Up"

  2. On the Certificate of Deposit Top Up screen, Click the Search icon or specify the account number in the Account Number field, and press Enter or Tab.
    The Top Up details are displayed in the Certificate of Deposit Top Up screen.

    Figure 2-18 Certificate of Deposit Top Up Details


    Description of Figure 2-18 follows
    Description of "Figure 2-18 Certificate of Deposit Top Up Details"

  3. In the Certificate of Deposit Top Up screen, perform the required action. For more information on fields, refer to the field description table.

    Table 2-11 Certificate of Deposit Top Up – Field Description

    Field Description
    Search By Users can search for an account number by using any of the available search criteria.

    The account number is set as the default search option. Users can specify the account number directly in the adjacent field or search for an account number by clicking the Search icon. Users can also search for the specific account number by providing customer ID, account number, or account name.

    Other search options available in the Search by field are Customer ID, SSN, Mobile Number, and Email.

    A specific customer ID can be searched by providing the customer name or customer ID. If SSN, mobile, or email IDs are chosen to find an account number, the respective IDs have to be input entirely in the adjacent field for the system to display the account number. For a given search criteria, multiple account numbers may be linked.

    For example, two or more account numbers can be linked to a single mobile number. In such cases, the system displays all the account number matches and the user can select the relevant account number on which to perform a servicing operation.

    Note:

    The label of the field adjacent to the Search by field changes dynamically. For example, if the Account number is chosen as the search criteria, the label of the adjacent field is displayed as the Account Number. If SSN is chosen as the search criteria, then the adjacent field would display the label as SSN.
    Status Displays the CD status. The possible options are:
    • Active
    • Matured
    • Closed
    Deposit Details Displays the principal balance of the CD, the rate of interest, and the tenor of the CD.
    Maturity Details Displays the proceeds due to the customer on maturity and the maturity date.
    Reinvested Interest Displays the amount and currency for the reinvested or paid out interest.

    Note:

    • If the interest if of reinvest type, then the field name is displayed as Reinvested Interest.
    • If the interest if of paid out type, then the field name is displayed as Paid out Interest.
    Tax Deducted Displays the actual tax deducted on reinvested or paid out interest till date.
    Amount Specify the amount which the customer wants to add to the principal of the CD.
    Value Date Specify the date from which the top-up is to take effect.
    1. After specifying the amount in the Amount field in the Certificate of Deposit Top Up screen, the simulated output details are displayed on the right side of the screen.

      Note:

      Computation will be triggered based on the inputs selected and output should be displayed on the panel on the right in a graphical format comparing the current principal, interest, and net proceeds at maturity with what the user would get after the top-up.
      For more information on fields, refer to the field description table.

      Table 2-12 Top-Up Simulation Details – Field Description

      Field Description
      Maturity Amount Displays the proceeds due to the customer on maturity after taking into consideration the top-up amount.
      Interest Rate Displays the Net interest on the principal (Interest – Tax).
      Principal Displays the total principal of the CD.
      Net Interest Displays the interest net amount.
      Top-up Amount Displays the top-up amount.
    1. Click the Interest Details link in the CD simulation details of the Certificate of Deposit Top Up screen.
      The Interest Details screen is displayed.

      Figure 2-19 Certificate of Deposit Top Up - Interest Details


      Description of Figure 2-19 follows
      Description of "Figure 2-19 Certificate of Deposit Top Up - Interest Details"

      Table 2-13 Interest Details – Field Description

      Field Description
      Date Displays the date as of which the interest amount is applicable.
      Reinvested Interest Displays the interest amount computed as of the date.
      Principal Displays the principal balance taking into consideration the effect of the interest for that date (if it is a re-invest kind of CD).
    1. Click the Close icon, to close the Interest Details screen.
  4. On Certificate of Deposit Top Up screen, click Add Settlement Details button.
    The Add Settlement Details screen is displayed with the default payin mode as Account.

    Figure 2-20 Add Settlement Details - Account


    Description of Figure 2-20 follows
    Description of "Figure 2-20 Add Settlement Details - Account"

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

    Table 2-14 Add Settlement Details - Account

    Field Description
    Select Payin Mode The Account mode is selected with the default.
    Select Account Number The own accounts are displayed as widgets with the Account Number, Account Name, and Account Balance. You can select the account for CD payin.

    You can select Others from the widget to select any other accounts in the same bank for CD payin.

    Search Account Details If you select Others from the widgets, this field is diplayed to specify the account number.

    click the Search icon or specify the account number in the Account Number field and the Account Name is displayed adjacent to the account number.

    Payin Amount Displays the amount and you can modify the amount in case the amount is payin by different modes or accounts.
    Exchange Rate Displays the exchange rate.

    Note:

    This field is displayed only if there is cross currency transaction.
    Transaction Amount Displays the amount in payin account currency.

    Note:

    This field is displayed only if there is cross currency transaction.
  5. On Add Settlement Details screen, select Ledger as the payment mode.
    The ledger details are displayed in the Add Settlement Details screen.

    Figure 2-21 Add Settlement Details - Ledger


    Description of Figure 2-21 follows
    Description of "Figure 2-21 Add Settlement Details - Ledger"

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

    Table 2-15 Add Settlement Details - Ledger

    Field Description
    Ledger Code Displays the ledger code used for the transaction.
    Ledger Description Displays the ledger description used for the transaction.
    Payin Amount Displays the amount and you can modify the amount in case the amount is payin by different modes or accounts.
  6. Click Cancel button, to close the Add Settlement Details screen without adding the settlement details.
  7. Click Add More button, the system add the settlement details to the main screen and refreshes the Add settlement details screen with default values, and the payin amount is updated for the remaining settlement amount.
  8. Click Add button to add the settlement details in Certificate of Deposit Top Up screen.
    The settlement details are displayed in the Certificate of Deposit Top Up screen.

    Figure 2-22 Settlement Details


    Description of Figure 2-22 follows
    Description of "Figure 2-22 Settlement Details"

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

    Table 2-16 Certificate of Deposit Top Up - Settlement Details

    Field Description
    Settlement Details
    For the Account, the system displays the below details.
    • Currency and Amount
    • Account Number
    • Account Description
    For the Ledger, the system displays the below details.
    • Currency and Amount
    • Ledger Code
    • Ledger Description

    Note:

    Exchange rate is displayed only if there is a cross currency transaction.

    Click the Edit icon to edit the top up amount in the settlement details.

    Click the Delete icon to delete the settlement details.

  9. Click Submit.
    The screen is successfully submitted for authorization.

Parent topic: CD Transactions