10.3 Add Special Rates

To add special rates for Virtual Account:

  1. Perform any one of the following navigation to the Special Rate Maintenance screen.
    • From the Dashboard, click Toggle menu, click Virtual Account Management, then click Interest Rate. From the Interest Rate, click Add Special rates.

      OR

    • From the Dashboard, click Toggle menu, click Virtual Account Management, then click Interest Rate. From the Interest Rate, click Add Special rates. From the View/Edit Special Rate, click Add Special rates.OR
    • From the Dashboard, click Toggle menu, click Virtual Account Management, then click Overview. From the Overview, click Quick Links. From the Quick Links, click Add Special rates.
  2. In the Party Name field, select the party name and ID from the drop-down list.
    1. Click the Search icon to select a Virtual Account. The Add Special Rates - Virtual Account Lookup appears.
    1. In the Virtual Account Lookup overlay screen, user select the required filter criteria in the respective fields.
  3. User can perform any one of the following action:
    • Click Search to search the parent account based on search criteria.
    • Click Clear to reset the entered data.
    • Click Cancel to cancel the Parent Account selection.
  4. Search and select the Virtual Account Number or name from the list.
  5. From the Effective Date list, select the date from the calendar.
  6. The IBAN, Virtual Account Branch and Currency for the selected Virtual Account Number appears.
  7. User can perform any one of the following action:
    • Click Search to search the parent account based on search criteria.
    • Click Clear to reset the entered data.
    • Click Cancel to cancel the virtual Account selection.

    Figure 10-5 Add Special Rate


    Description of Figure 10-5 follows
    Description of "Figure 10-5 Add Special Rate"

    Figure 10-6 Add Special Rates – Virtual Account Lookup


    Description of Figure 10-6 follows
    Description of "Figure 10-6 Add Special Rates – Virtual Account Lookup"

    Figure 10-7 Special Rate


    Description of Figure 10-7 follows
    Description of "Figure 10-7 Special Rate"

    Table 10-3 Special Rate Maintenance Details- Field Description

    Field Description
    Party Name

    Select the party name and ID from the drop-down list to view the special rates of the applicable Virtual Accounts.

    By default, the primary party of the logged-in user is selected.

    Note:

    Based on the party name selection, the mapped Virtual Accounts are displayed.
    Virtual Account Number

    Select the Virtual Account Number and name for which special rate maintenance is done.

    Note:

    Virtual Account number should be searched through Search icon where the Virtual Account Lookup appears and search can be done using Virtual Account Number, Virtual Account Name, Virtual Entity, IBAN, Branch and Currency.
    Virtual Account Lookup  
    Virtual Account Number Specify the Virtual Account number.
    Virtual Account Name Displays the number and name of the Virtual Account (individual accounts or header accounts).
    Virtual Entity Displays the Virtual Account currency.
    IBAN Displays the IBAN number based on Virtual Account selection
    Branch Name Specify the branch name of the account.
    Currency Specify the currency of the account.

    Table 10-4 Search Results

    Field Description
    Virtual Account No & Name Displays the Virtual Account number and name.
    IBAN Displays the IBAN number based on Virtual Account selection
    Effective Date Displays the date from which the interest rate will be effective.
    Branch Name Specify the branch name of the account.
    Currency Specify the currency of the account.
    Interest Products Displays the count of interest products.
    Element Description Displays the description of the user defined element mapped to the interest product.
    Value Specify the value to be applied for the user defined element.
    Rate Code Specify the rate code to be applied.
  8. Click Submit.
    User can also perform any one of the following action:
    • ClickCancel to cancel the transaction.
    • ClickBack to navigate to the previous screen.
  9. The Review screen appears. Verify the details and click Confirm.
    User can also perform any one of the following action:
    • ClickCancel to cancel the transaction.
    • ClickBack to navigate to the previous screen.
  10. The success message for initiation of Special Rate appears along with the reference number.
    User can also perform any one of the following action:
    • Click Home to navigate to the dashboard.
    • Click Go To Overview to navigate to the Virtual Account management dashboard.

Parent topic: Special Rate Maintenance