Core banking software for managing Recurring deposit, RD software for Nidhi Company
Stay on top of your business with low cost daily, weekly & monthly RDs. Best RD software that enable standing instruction, interest calculation, premature closure, maturity calculation, loan on RD and so on
- 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.