This topic provides the systematic instructions to view the interest applicable for the account.

1. Click Next in from the previous data segment to proceed with the next data segment, after successfully capturing the data

   The Interest and Charge Details screen displays.

   Figure 2-7 Interest and Charges

   
   

   
   Description of "Figure 2-7 Interest and Charges"

   
   
2. Specify the details in the relevant data fields.

   Note:

   The fields, which mentioned as Required, are mandatory.

   For more information on fields, refer to the field description table.

   Table 2-7 Interest Details - Field Description

   Field	Description
   Interest and Charges	This section displays the interest and charges details.
   Interest Details	Displays the interest details.
   Interest Rate%	Displays the interest rate in percentage.
   Margin (%)	Select the margin in percentage.
   Final Rate	Displays the final rate calculated based on the Interest Rate and the Margin specified.
   APY (in %)	Displays the annual percentage yield value in percentage. Below is the formula to calculate the APY, Annual Percentage Yield = (1 + Interest Rate ÷ The number of Compounding in a year) ^ (Number of compounding in a year) – 1 This is applicable for the Credit Interest
   Charge Description	Displays the charge description.
   Amount/Rate	Displays the charge amount.
   Waive	Select the toggle to enable the waiving charges.

3. Click Next to navigate to the next data segment, after successfully capturing the data. The system validates all mandatory data segments and data fields. If mandatory details are not provided, the system displays an error message prompting the user to take corrective action.The user cannot advance to the next data segment until all mandatory data has been entered.