1.2.10 Individual Retirement Account

This topic provides information about enhancements in the Individual Retirement Accounts.

Individual Retirement Account (IRA) Contribution and Distribution:


Introducing a streamlined servicing screen for bank users to manage contributions and distributions for IRA plans.

IRA Plan Inquiry:

Introducing a comprehensive inquiry screen for bank users to access detailed IRA plan information, including contribution limits, total balance, accrued and paid interest, penalties, and transaction history for current and previous years. This interface also displays associated accounts and deposits, enabling efficient and informed customer support.

IRA Menu Structure:

A separate menu structure is introduced for IRA services which allows a Bank user to perform servicing transactions on IRA Accounts and Deposits.

IRA CD Account Opening:

Introduced IRA CD Account opening for the existing customers.