1. Deposit Services User Guide
  2. RD Maintenances
  3. Recurring Deposit Payout Modification

8.3 Recurring Deposit Payout Modification

You can view or modify the payout instructions maintained during the RD account opening using this screen. Also, you can create new payout instruction, if no instructions are maintained for the RD account.

To view the RD payout modification details:

Note:

The fields marked as Required are mandatory.
  1. On the Homepage, from the Retail Deposit Services mega menu, under Recurring Deposits and Maintenance, click Payout Modification, or specify Payout Modification in the search icon bar and select the screen.

    The Recurring Deposit Payout Modification screen is displayed.

    Figure 8-7 Recurring Deposit Payout Modification

    Description of Figure 8-7 follows
    Description of "Figure 8-7 Recurring Deposit Payout Modification"
  2. On the Recurring Deposit Payout Modification screen, Click the Search icon and select the account number or specify the account number for creating amount block on RD account. or specify the account number in the Account Number field.
    The details are displayed.

    Figure 8-8 Recurring Deposit Payout Modification Details

    Description of Figure 8-8 follows
    Description of "Figure 8-8 Recurring Deposit Payout Modification Details"
  3. You can view the payout details displayed for the RD account.For more information on fields, refer to the field description table.

    Table 8-4 View RD Payout Details – Field Description

    Field Description

    Account Number

    		 Click the click the Search icon icon and select the account number or specify the account number for modifying the RD payout details.

    Note:

    The account holder's name is also displayed adjacent to the field.

    Deposit Details

    Displays the principal balance, the rate of interest, and the tenor of the TD account.

    Maturity Details

    Displays the amount due to the customer on maturity and the maturity date.

    Status
    Displays the status of the TD account. The possible options are:
    • Active
    • Overdue
    • Closed

    Reinvested Interest or Interest Paid

    		 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 Interest Paid.

    Tax Deducted

    Displays the tax amount deducted till date.

    Instruction for
    Select the payout instruction option. The possible options are:
  4. Click Submit.
    The screen is successfully submitted for authorization.

Parent topic: RD Maintenances