iBanking, Recurring Deposit

Recurring deposit software for Nidhi Company, Urban Co-operative bank, Service Co-operative bank, Co-operative Societies, Microfinance

  • 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.
  • Automatic lien adjustment during account closing.
  • Cash Transaction limit verification during payment.
  • Automated Pending installment and fine calculation.
  • Quarterly Compounding Interest Calculation.
  • Provision for Extension of due date of a matured account if any installments are pending.