User is always willing to save any surplus income received. Opening a term deposit for every small surplus amount is not the solution.
The application allows a user to re-invest the surplus amount into an existing term deposit. User can top-up an existing term deposit with the desired and permissible top-up amount.
The application not only provides the current investment position on the term deposit, but also has provision to calculate the revised maturity amount, interest rate and total investment before top-up confirmation. User can fund the top-up using any of his source account own in the bank.
The application also helps the User regarding the top-up amount supported by the term deposit product.
How to reach here:
Dashboard > Quick Links > Top Up
OR
Dashboard > Accounts > Term Deposits >Top Up
OR
Dashboard > Accounts > Term Deposits > Term Deposit Summary > Deposit Number > Deposit Details > Quick Links > Top Up
Field Name |
Description |
---|---|
Select Account |
Account number of the term deposit for which top-up is to be done. |
Current Balance |
Current principal amount that is the revised principal amount after top-up done. |
Top-up Amount |
Top-up amount to be appended on the term deposit opened. |
Maximum Deposit amount applicable for Top-up |
Maximum deposit amount supported for the term deposit product. |
Top up amount in Multiple of (X amount with currency) |
DenominationA classification for the stated or face value of financial instruments, including currency notes or coins. supported for top-up. |
Revised Principal Amount |
Calculated principal amount (as per interest rate) as on current date after top-up done. |
Revised Maturity Amount |
Calculated maturity amount after top-up done. |
Revised Interest Rate |
Interest rate applicable after top-up done. |
Source Account |
Saving account mapped to the user. The user can select the account to be debited in order to top-up term deposit. |
Source Account Balance |
Account balance of the selected source account. |
To top-up the term deposit:
Note: Click to clear the entered details.
FAQs