1.2.4 Enhancements in Retail Deposit Servicing

Oracle Banking Branch initiates the request and handoff to FLEXCUBE Universal Banking for further verification and processing.

The following are the enhanments as a part of Retail Deposit Servicing in this release:

Table 1-4 Enhancements in Retail Deposit Servicing

Topic Description
Pending Branch servicing transaction check during till closure Branch servicing pending requests that need to be completed on the same day is validated when closing the teller batch. This helps avoid EOD aborts due to pending branch servicing transactions and eliminates the need for further operations to clear them.
Refer Branch Date for branch servicing transactions This enhancement considers the teller branch date for all branch servicing operations if teller integration is enabled. Else, the system continues to refer to the common core date for all branch servicing operations.
Access Restriction for Branch Servicing Operations Access restriction functionality prevent users from viewing or operating on customer accounts if the customer belongs to a specific access group (for example, HNI, celebrity) and the user does not have the necessary access rights.
Memo Maintenance and Display memo Details Display memo details while performing branch servicing operation for Deposit accounts.
TD Interest rate fetch based on account opening branch During the TD and RD account opening simulation and creation process, the system fetches the interest rate for the specific branch where the account is being opened.
Default Payin and Payout details for Top Up and Redemption screens Existing functionality of defaulting the pay-in and pay-out modes during TD account opening has been extended to TD redemption and top-up events as well
Account Product fetch validations The Deposit Account Opening screen has been enhanced to display only those products that are valid and applicable to the customer based on their profile, eligibility, and any other relevant criteria.
Deposit 360 and RD 360 UI Changes
Deposit and RD Account 360 is enhanced to support the below:
  • Display ISD code for Mobile number
  • Regionalization for displaying customer's address
  • Closed Account handling
Deferred issues enhancements Enhancement in Deposit Opening screen:
  • Enhanced the Existing Account Details tile to display the account number.
  • Renamed the field Amount to Rollover Amount in the Payout Details screen for special rollover maturity instructions.
  • Label name update in deposit opening product view screen.
Enhancement in View and Modify Amount Block screen:
  • Updated the screen to display only active amount block details.
Enhancement in Certificate screen:
  • Enhanced the Email Deposit Certificate functionality to show the success or failure of email operations.

Parent topic: Release Enhancements