2.7 Application Approval Stage

This topic describes the information on the various data segments to view the captured details and approve the application in the Application Approval stage

Users having functional access to the Account Approval Stage will be able to view the record in the Free Task process.

The Account Approval Stage comprises of all the data segment of the previous stages. Since the data segment are in view only mode and have been completed in the previous stages, the Account Approval stage is launched with Collateral Perfection Details data segment.

To approve an account opening:
  1. Scan the records that appears in the Free Task list.
  2. Click Acquire and Edit or Acquire from the Action column of the appropriate record. The Account Approval stage is displayed.
The Account Approval stage has the following data segments which user can only view:
  • Applicants – For detailed information, refer the Applicants data segment in the Application Entry stage.
  • Account Details - For detailed information, refer the Account Details data segment in the Application Entry stage.
  • Mandate Details – For detailed information, refer the Mandate Details data segment in the Application Entry stage.
  • Beneficiary Details – For detailed information, refer the Beneficiary Details data segment in the Application Entry stage.
  • Stake Holder Details – For detailed information, refer the Stake Holder Details data segment in the Application Entry stage.
  • Terms and Conditions – For detailed information, refer the Terms and Conditions data segment in the Application Entry stage.
  • Initial Funding Details: For details information, refer the Initial Funding Details data segment in the Account Funding stage.

Refer below chapters for detailed information on data segment that are editable.

  • Approval Details
    This topic provides the systematic instructions to view and approve the application.
  • Summary
    This topic provides the systematic instructions to view the tiles for all the data segments of the Savings Account Origination Process.

Parent topic: Initiating Checking Account Opening Process