FinTech, Fixed Deposit / Debenture

Fixed Deposit software for Nidhi Company, NBFC, Urban Co-operative bank, Service Co-operative bank, Co-operative Societies, Microfinance, Debenture software for NBFC

• User definable deposit types and its attributes.
• For a given deposit type, different interest rates can be set for different customer types for a period.
• Provision to capture rates for Loan on deposit.
• Automatic account number generation.
• Joint account operation with up to four depositors.
• Provision to capture Operator/Nominee/Guardian details.
• Provision to freeze accounts.
• Interest Application Wizard for calculating and applying interest for all accounts of the selected deposit type for the specified period.
• Interest calculation takes holidays also into account if maturity date falls on a holiday. (depends on the attributes set during deposit definition).
• Compound Interest Calculation (Monthly, Quarterly, Half yearly, Yearly).
• Automatic lien adjustment during account closing.
• Matured Deposit Transfer wizard for automatic closure of matured accounts of the selected deposit type and opening of respective Matured Deposit accounts.
• Cash Transaction limit verification during payment.
• Renewal of accounts allowed based on deposit type attributes and renewal history is maintained.
• TDS Management
• SMS Alert