This topic describes the saving product preferences details.

1. Click Next in Business Product Host Mapping screen to proceed with next data segment, after successfully capturing the data.
   The Business Product Preference – Savings or Current Account Product screen appears.

   Figure 1-6 Business Product Preference – Savings or Current Account Product

   
   

   
   Description of "Figure 1-6 Business Product Preference – Savings or Current Account Product "

   
   
2. Specify the details in the relevant data fields.

   Note:

   The fields which are marked with Required are mandatory.

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

   Table 1-6 Business Product Preference (Savings or Current Account Product) – Field Description

   Field Name	Description
   Common Configuration	Specify the common configurations for the business product.
   Residential Status Allowed	Select the option for which the business product is applicable for. The available options are: Resident Non-Resident Both
   Customer Status Allowed	Select the option for which the business product is applicable for. The available options are: Major Minor Both Not Applicable
   Currency Allowed	Select the currency or currencies that are allowed for the business product. System allows to select multiple currencies, if applicable.
   Minimum Age	Specify the minimum age of the applicant who are eligible to open the account for the business product being created. Select the period from the drop-down box. The available options are: Days Month Year
   Maximum Age	Specify the maximum age of the applicant who are eligible to open the account for the business product being created. Select the period from the drop-down box. The available options are: Days Month Year
   Inactive Application Expiry Period	Specify the period after which the application must be marked as Expired. Select the period from the drop-down box. The available options are: Days Month Year Once the application has expired, no further lifecycle activity can happen for that application.
   Branch	Select one of the following options: Allowed – Select it to indicate and specify the branches where the account under the specified Business Product are allowed to be opened. Disallowed – Select it to indicate and specify the branches where the account under the specified Business Product are not allowed to be opened.
   Financial Details Validity Period	Specify the validity period for financial details of the applicant. Select the period from the first drop-down box. Available options are: Days Month Year Select the numeric period from the second drop-down box. This field is mandatory for Current Product and non-mandatory for Savings Product.
   Capture Financial Details	Switch to to capture financial details for this business product.
   Allowed Applicant Roles	Specify the applicant roles that are allowed to apply this product. The available roles are as below: Primary Joint Guarantor Custodian Guardian Cosigner The option in this list appears for selection based on the configuration. This selected roles gets reflected in the Applicants data segment while capturing an applicant information in an application.
   Customer Category	Select one of the following options: Allowed – Select to indicate whether the specified categories are allowed to open an account for selected product. Disallowed – Select to indicate whether the specified categories are not allowed to open an account for selected product. The system allows to select Disallowed and keep it blank so that the Business Product is allowed for all the branches.
   Early KYC	Switch to to enable the early KYC feature to speedup KYC process of an applicant. If this option is selected, then the KYC call is trigger to Oracle Banking Party Services once the applicant data is captured in the application.
   Simplified Application	Switch to to set simple process of account opening for this product. In this process, the Initiation and the Application Entry stages are combined for submitting the account opening application.
   Configuration for Savings & Current Account Products	Specify the configurations for Savings and Account product.
   Allow Existing Customer Only	By default, this toggle is turned ON based on the host parameter, indicating that eligible accounts are available within the host for opening a Money Market Savings account. When this toggle is turned OFF, the business process of regular savings and a Money Market Savings account are same.
   Initial Funding	Switch to to indicate whether the funding process must appears at the initial stage of account opening.
   Fund Post Account Opening	Switch to to indicate the funding process must be performed post account opening. This field appears if the Initial Funding toggle is turned ON.
   Currency	Displays the currency based on the Currency Allowed configured in the Common Configuration section. This field appears if the Initial Funding toggle is turned ON..
   Minimum Amount	Specify the minimum funding amount if Initial Funding is mandatory for the account origination. This field appears if the Initial Funding toggle is turned ON.
   Maximum Amount	Specify the maximum funding amount if Initial Funding is mandatory for the account origination. This field appears if the Initial Funding toggle is turned ON.
   Overdraft Limit Preferences	This section user can set the preferences of overdraft limit.
   Overdraft Limit Allowed	Switch to to indicate if overdraft limit is allowed for the account.
   TOD Allowed	Switch to to indicate the TOD is allowed.
   Against Uncleared Funds	Switch to to indicate the action against uncleared funds.
   Offer Preferences	This section captures the preferences of overdraft offers. This section appears only if the Overdraft Limit Allowed toggle is turned ON.
   Offer Amendment	Switch to to allow the offer to amend.
   Offer Expiry Period	Select the expiry period of an offer in days, months and years. Specify the count or select the up and down arrow to increase or decrease the count.
   Offer Acceptance Method	Select the method to accept the offer. The available options are: Manual Auto
   Banking Preferences	This section captures the preferences of banking details.
   Cheque Book	Switch to to indicate that cheque book is allowed for the account.
   Passbook	Switch to to indicate that passbook is allowed for the account.
   Debit Card	Switch to to indicate that debit card is allowed for the account.
   Banking Channels	Switch to to indicate that multiple banking channels are allowed for the account.
   Channels Allowed	Select the channels that are allowed to the account. The available options are: KISOK Banking Direct Banking Phone Banking This field appears if the Banking Channel toggle is turned ON.
   Collateral Preferences	In this section, the user can capture the collateral preferences for loan product.
   Collateral Allowed	Select the appropriate radio button whether the collateral allow for the loan product. The options are: Yes - If this option is selected, the system displays a table and allows user to add collateral details in the table for the loan product. No - If this option is selected, the system will not be allowed to add collateral details for the loan product. Click Add to add rows in the table.
   Collateral Type	Select the collateral type from the drop-down list. The available option are: Property Guarantee Vehicle Precious Metal Deposits Bonds Stocks Insurance Accounts Receivable Inventory (Stock of Material) This field appears if the Collateral Allowed is selected as Yes.
   Collateral Category	Select the collateral type from the drop-down list. The options are displayed in the drop-down based on the collateral type selected. This field appears if the Collateral Allowed is selected as Yes.
   Allowed As	Select the allowed as from the drop-down list. The available option are: Primary Additional Both Notes: Collateral Type-Collateral Category combination can be used only once with any Allowed As option as Primary or Both. The system does not allow the duplication of same Collateral Type-Collateral Category combination.
   Action	Select the actions to perform on the added record. : To save the added record. : To cancel the added record. : To edit the added record. : To delete the added record.
   Debit Decision Service Flag	This section captures the debit decision details.
   Debit Decision Service Flag	Switch to to allow the debit decision service.
   Credit Decision Service Flags	Select the Credit Decision Service Flags. The below flags appear only if Overdraft Limit Allowed toggle is turned ON.
   Risk Based Pricing Applicable	Switch to to allow the Risk based pricing for the loan accounts.
   Application Based	Switch to to consider the scorecard calculation based on the application.
   Primary Applicant Based	Switch to to consider the scorecard calculation based on the Primary applicant.

   If the Product Category is selected as Small and Medium Business:

   Figure 1-7 Business Product Preference – Savings and Current Account Product (SMB)

   
   

   
   Description of "Figure 1-7 Business Product Preference – Savings and Current Account Product (SMB)"

   
   

   Table 1-7 Business Product Details – Field Description

   Field	Description
   Common Configuration	Specify the common configurations for the business product.
   Business Demography	Select the option for which the business product is applicable for. The available options are: Domestic Overseas
   Currency Allowed	Select the currency or currencies that are allowed for the business product. System allows to select multiple currencies, if applicable.
   Inactive Application Expiry Period	Specify the period after which the application must be marked as Expired. Select the period from the drop-down box. The available options are: Days Month Year Once the application has expired, no further lifecycle activity can happen for that application.
   Branch	Select one of the following options: Allowed – Select it to indicate and specify the branches where the account under the specified Business Product is allowed to be opened. Disallowed – Select it to indicate and specify the branches where the account under the specified Business Product is not allowed to be opened.
   Financial Details Validity Period	Specify the validity period for financial details of the applicant. Select the period from the first drop-down box. The available options are: Days Month Year Select the numeric period from the second drop-down box. This field is mandatory for Current Product and non-mandatory for Savings Product.
   Allowed Applicant Roles	Specify the applicant roles that are allowed to apply this product.
   Customer Category	Select one of the following options: Allowed – Select it to indicate and specify the customer category where the account under the specified Business Product are allowed to be opened. Disallowed – Select it to indicate and specify the customer category where the account under the specified Business Product are not allowed to be opened. The system allows to select Disallowed and keep it blank so that the Business Product is allowed for all the branches.
   Configuration for Savings & Current Account Products	In this section, user can capture the configurations for Savings and Current account product.
   Initial Funding Threshold Preferences	In this section, user can capture initial funding threshold preferences for saving or current account.
   Initial Funding	Switch to , if Initial Funding is mandatory for the Account Origination.
   Fund Post Account Opening	Switch to to indicate whether the funding stage should be post account opening. This field appears only if the Initial Funding toggle is turned ON.
   Currency	Displays the currency based on the Currency Allowed configured in the Common Configuration panel above. This field appears only if the Initial Funding toggle is turned ON.
   Minimum Amount	Specify the minimum funding amount. This field appears only if the Initial Funding toggle is turned ON.
   Maximum Amount	Specify the maximum funding amount. This field appears only if the Initial Funding toggle is turned ON.
   Overdraft Limit Preferences	This section user can set the preferences of overdraft limit.
   Overdraft Limit Allowed	Switch to to indicate if overdraft limit is allowed for the account.
   TOD Allowed	Switch to to indicate the TOD is allowed.
   Against Uncleared Funds	Switch to to indicate the action against uncleared funds.
   Offer Preferences	This section captures the preferences of overdraft offers. This section appears only if the Overdraft Limit Allowed toggle is turned ON.
   Offer Amendment	Switch to to indicate whether the offer is allowed to amend.
   Offer Expiry Period	Select the expiry period of an offer in days, months and years. Specify the count or select the up and down arrow to increase or decrease the count.
   Offer Acceptance Method	Select the method to accept the offer. The available options are: Manual Auto
   Banking Channels Preferences	In this section, user can capture the banking channel preferences for saving or current product.
   Cheque Book	Switch to to indicate that cheque book is allowed for the account.
   Passbook	Switch to to indicate that passbook is allowed for the account.
   Debit Card	Switch to to indicate that debit card is allowed for the account.
   Banking Channels	Switch to to indicate that multiple banking channels are allowed for the account.
   Channels Allowed	Select the channels that are allowed to the account. The available options are: KISOK Banking Direct Banking Phone Banking
   Direct Banking	Switch to to indicate that direct banking is allowed for the account.
   Phone Banking	Switch to to indicate that phone banking is allowed for the account.
   Kiosk Banking	Switch to to indicate that Kiosk banking is allowed for the account.
   Collateral Preferences	In this section, the user can capture the collateral preferences for loan product.
   Collateral Allowed	Select the appropriate radio button whether the collateral allow for the loan product. The options are: Yes - If this option is selected, the system displays a table and allows user to add collateral details in the table for the loan product. No - If this option is selected, the system will not be allowed to add collateral details for the loan product. Click Add to add rows in the table.
   Collateral Type	Select the collateral type from the drop-down list. The available option are: Property Guarantee Vehicle Precious Metal Deposits Bonds Stocks Insurance Accounts Receivable Inventory (Stock of Material) This field appears if the Collateral Allowed is selected as Yes.
   Collateral Category	Select the collateral type from the drop-down list. The options are displayed in the drop-down based on the collateral type selected. This field appears if the Collateral Allowed is selected as Yes.
   Allowed As	Select the allowed as from the drop-down list. The available option are: Primary Additional Both Notes: Collateral Type-Collateral Category combination can be used only once with any Allowed As option as Primary or Both. The system does not allow the duplication of same Collateral Type-Collateral Category combination.
   Action	Select the actions to perform on the added record. : To save the added record. : To cancel the added record. : To edit the added record. : To delete the added record.
   Credit Decision Service Flags	Select the Credit Decision Service Flags. The below flags appear only if Overdraft Limit Allowed toggle is turned ON.
   Risk Based Pricing Applicable	Switch to to allow the Risk based pricing for the loan accounts.
   Application Based	Switch to to consider the scorecard calculation based on the application.
   Primary Applicant Based	Switch to to consider the scorecard calculation based on the Primary applicant.

3. Click Next to proceed with next data segment.