Users can classify an IRA accounts of the bank into different groups and assign each group an identifying code.

For example, user may define a group called IRACRT for retirement certificate accounts and assign a plan (Traditional OR Roth) to each of the IRA certificate opened under the product. Each group is referred to an IRA Product and is maintained in the Retail Deposits IRA Product configuration screen.

An IRA Product definition and various features are captured across the following sub-screens covered as subtopics.

• Basic Details
• Features
• Preferences
• Tenor Parameters
• Rate Chart Parameters
• Maturity Instructions
• Maturity Holiday Treatment
• Interest
• MIS

This topic contains the following subtopics:

• Create IRA Product
  This topic describes the systematic instructions to create IRA product. The maintenance screen allows the user to configure IRA product parameters.
• View IRA Product
  This topic explains the systematic instructions to view the list of configured IRA product parameters.