Top up

A user may have a small surplus amount that he can invest in a TDTerm Deposit is a deposit accepted by bank, for a fixed term, from customers. A term deposit is a liability of a bank with fixed maturity period.. Opening a new term deposit for a small surplus amount may not be convenient or allowed (a small amount may not meet the minimum deposit amount requirement). To meet this need,

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 CASACurrent Account or Savings Accounts are operative accounts through which account holders perform day to day operations such as deposits and withdrawal of money. accounts with the bank. The application also helps the User regarding the top-up amount supported by the term deposit product.

How to reach here:

Toggle Menu > Accounts > Term Deposit > Top Up
OR
Toggle Menu > Accounts > Term Deposits > Overview > Quick Links > Top Up
OR
Toggle Menu > Accounts > Term Deposits > Overview > Deposit Details > Quick Links > Top Up

Field Description

Field Name	Description
Select Account	Account number along with the account nickname of the term deposit for which top-up is to be done. The account number could be either the users own PartyA party is any individual or business entity having a banking relationship with the bank. account or any linked party accounts that he has access to. For more information on Account Nickname, click here.
Current Balance	Current principal amount (that is the principal amount before top-up).
Top-up Amount	Top-up amount.
Maximum Deposit amount applicable for Top-up	Application displays the maximum top-up allowed for this product.
Top up amount in Multiple of (X amount with currency)	Application displays the denomination supported for top-up.
Revised Principal Amount	Calculated principal amount as on current date after top-up. This field appears, if the user clicks on the Calculate Maturity link.
Revised Maturity Amount	Calculated maturity amount after top-up. This field appears, if the user clicks on the Calculate Maturity link.
Revised Interest Rate	Interest rate applicable after top-up. This field appears, if the user clicks on the Calculate Maturity link.
Source Account	CASA account along with the account nickname mapped to the user. The user can select the account to be debited in order to top-up term deposit. The account could be either the users own Party account or any linked party account, that he has access to.
Balance	Application displays the Account balance of the selected source account.

To top-up the term deposit:

• From the Select Account list, select the appropriate account.
• In the Top-up Amount field, enter the top-up amount.
• From the Source Account list, select the appropriate option.
• To add the top-up amount, click Top Up.
  OR
  To calculate the revised principal & maturity amount, and interest rate, click Calculate Maturity.
  OR
  Click Back to navigate to the previous screen.
  OR
  Click Cancel to cancel the transaction.
• The Review screen appears. Verify the details and click Confirm.
  The success message of Top-up TD appears along with the transaction reference number.
  OR
  Click Back to make changes if any. User is directed to Top-up TD – screen with values in editable form.
  OR
  Click Cancel to cancel the transaction.
• Click Go to Dashboard , link to navigate to the dashboard.
  OR
  Click Go To Account Details link to view the deposit details.

Note: Click Reset to clear the entered details (applicable on use of Calculate Maturity feature).

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