Update Settlement Instructions
You can define the settlement process of the defined interest conditions between the bank and the customer. The settlement instruction includes credit and debit interest, settlement accounts, settlement mode, and so on for pay-in and pay-out activities.
-
Updates settlement instructions on summary accounts
-
Updates settlement instructions on trading account
Manage Interest
You can define the fixed and floating interest rates for credit balance, debit balance, and penalty charges for summary accounts and currency summary accounts. The interest conditions defined for the summary accounts are inherited from their underlying virtual accounts.
-
Allows to update credit interest condition for a summary account
-
Updates the penalty interest conditions on summary accounts
-
Update credit interest condition for a summary account