To access this module, click on Front Office Management -> Operations -> Fixed deposits -> Fixing.
The following window will open up:
Full Account Number - Click on the lookup icon to open a Customer Account Lookup dialog box:
NOTE: Only a savings account can be selected for fixing.
Search for then select the customer's savings account.
Notice how customer's information is loaded automatically when you select an account.
Category - Select the appropriate category being invoked, term, smart or call deposit.
Value - Enter the value (amount) that the customer wishes to bank as a FIXED DEPOSIT VALUE.
Annual Percentage Rate - Enter the annual rate that will be used to calculate the customer's Interest annually.
You may leave this empty and it will be auto populated by what was set on fixed deposit types setup after picking a fixed deposit type tier.
Remarks - Enter remarks to describe the fixed deposit.
Fixed Deposit Type - Click on the lookup icon to open the Fixed Deposit Lookup dialog box:
Fixed Deposit Type Tiers - Select a tier based on the fixed deposit type selected and the amount the member is willing to fix.
Term - Enter the (in months) that the customer wants to fix the money for.
Maturity Action - Select the appropriate maturity action from the drop-down menu:
Recruited By - Click on the lookup icon to open the Customer Lookup dialog box:
Fixed Deposits Payables:
If the member has loans, they can be repaid on the fixed deposit's maturity by selecting them on the fixed deposit payables tab.
Click on the Update button to save the changes.
On successful completion you will get a pop-up message confirming that the operation was successful.
Fixed Deposits with Bands
Use this sub module to Fix a new Fixed Deposit Account with bands enforced.
NOTE: This option is only applicable if the Enforce Fixed Deposit Bands? flag is checked under companies.
To access this module, click on Front Office Management -> Operations -> Fixed deposits -> Fixing.
The following window will open up:
Full Account Number - On the above screen, look up the account to be affected by clicking on the look up icon.
Select the appropriate customer account from the look up dialog box.
The remaining fields will be populated with data once the customer is selected.
Category - Select the fixed deposits' category from the drop-down menu, call or term deposit.
Value - Define the value to be fixed in this field.
Remarks - Provide appropriate remarks regarding to the operation.
Annual Percentage Rate - Not applicable in this case
Term - Define the term for which the amount will be fixed.
NOTE: The percentage rate in this case is disabled since we'll pick the rates from the already defined fixed deposit types.
Maturity Action - Select the maturity action to be enforced once the fixed deposit has matured:
Fixed Deposit Type - Look up the fixed deposit type to be affected.
Select the fixed deposit type for which the operation will be effected.
The fixed deposit types are created under accounts module. Please refer to Fixed Deposit Types
Fixed Deposit Type Tiers: Select the appropriate fixed deposit type tier.
Recruited By - Click on the lookup icon to open the Customer Lookup dialog box:
Fixed Deposit Payables: Any payables that are to be settled by the fixed deposit will be displayed under the Fixed Deposit Payable Tab.
Select the appropriate then proceed. The selected product/s will be paid off by the fixed deposit once it matures.
Click update to register the fixing into the system.
On successful completion you will get a pop-up message confirming that the operation was successful.
NOTE: The term defined should tally with the term of the fixed deposit type that will be selected.
The System will only pick a tier if the "Term" is equal to Months and "Value" lies in range of the tier.
Defining a different rate or term in whichever circumstance will result in the following error:
The fixed deposit can now be verified normally through the remaining modules.