Break Fixed Deposit

Introduction

This screen lets the retail user to send a request for breaking a deposit account. User has to fill in breaking details appropriately for the request. This request is available in both the modes – online and offline.

Note:

Whenever a service request is initiated in a joint account, by one of the account holders, request will have to be approved by other holders of the account. If the mode of operation is Either or Survivor no approval is required.

Navigation

The following is the navigation for this option:

• Click the Deposit Accounts – Break Fixed Deposit  hyperlink in the New Requests  screen.

OR

• Select Break Fixed deposit option for More Actions in View Deposit Accounts screen and click on OK button(Under Balance & Transaction Information < Deposit Accounts)

• The Break Fixed Deposit  screen is displayed.

Note:

This service request is available online (through FI), that is, Core database.

What you can do

The table below provides a brief description of the data that must be specified on the screen and the functions you can perform:

Field

Description

Deposit Account

Select the deposit account from the drop-down list that has to be broken.

Note:

Clicking Details button will take the user to account details screen, where the details of the deposit account selected will be displayed and also user is given a choice to download the details in appropriate format.

Breaking Details

Amount to be Broken

Specify the amount that has to be broken from the deposit amount.

Breaking value date (dd/mm/yyyy)

Specify the deposit amount breaking date using calendar widget.

Transfer Proceeds to Account or by Cheque

Select the mode through which the broken amount should proceed to, either to the account or by the cheque. If account id is selected, then select the account number from the drop-down list.

Transaction Remarks

Enter remarks, if any, on deposit breaking.