Fixed or Cumulative Deposit

Core Banking Fixed Deposit 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