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To create a saving account use the “Savings” tab in the customer profile. Then click on the + Create term deposit button the upper right-hand corner.

After a new term deposit page loaded you will have  to specify the following parameters:  

  • Term deposit  product – select the term deposit from the drop-down list

  • Term deposit  officer – select the person with the relevant role

  • Created at – specify the open date of the account

  • Interest rate – specify the interest rate within the predefined range

  • Maturity - specify the number of periods it lasts

  • Early close fee rate - specify the early close fee in percentage

  • Early close fee flat - specify the early close fee amount


After filling up all the required information, you will be able to save or discard your changes by clicking Save or Cancel buttons respectively.
After saving the two buttons appear at the upper right-hand corner - Open and Edit. You can make changes anytime unless the account is opened using the Edit button.
To activate the created account, you have to click the  Open button and provide an initial amount in the popup window. Then click Open in this window, and the account will change status from IN PROGRESS to OPEN.


Please note that in order to open a term deposit account,  the customer has to have funds on his current account. If he doesn't, "Insufficient funds on account" error will appear.

You can deposit funds via the Teller management module.  


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