3 New Term Deposit under Oracle FLEXCUBE Universal Banking

This topic describes the information for applying for new term deposits under Oracle FLEXCUBE Universal Banking.

The New Deposit page enables the customer to apply for a new term deposit. All the term deposit offerings of the bank are available for selection on this page. The customer can select any product offer in order to apply for a term deposit of choice.

While applying for a term deposit, the customer is required to identify the amount for which the deposit is to be opened, the tenure i.e. the term of the deposit and the holding pattern i.e. single or joint. Additionally, the customer is also required to define maturity instructions and also to select the current or savings account from which funds are to be debited in order to fund the deposit.

Certain cases, specific to India region, might require the customer to specify his/her PAN (Permanent Account Number) while applying for a new term deposit. These could be if the customer is creating a new term deposit that exceeds a value defined by the bank or if, at any given point in time, while creating a new term deposit, the cumulative value of the deposits (Fixed as well as Recurring Deposits) held by the customer exceeds a certain amount.

The term deposit offerings of the bank available are:

Note:

The Product mapping should be done for the user segment, so that concerned TD products are available for the user.

Perform anyone of the following navigation to access the New Term Deposit screen.

  • From the Dashboard, click Toggle menu, click Menu, then click Accounts, and then click Term Deposits tab.

    Under Term Deposits , click on the New Term Deposit.

  • From the Search bar, type Term Deposits -New Term Deposit and press Enter.
  • On the Dashboard, click Overview widget, click Term Deposit card, then click Term Deposits tab, then click on the New Term Deposit

The New Term Deposit screen appears.