Instructions on Account Opening in DOP Finacle in connection with Change of Interest Rate w.e.f 01/10/2016

Instructions on Account Opening in DOP Finacle in connection with Change of Interest Rate w.e.f 01/10/2016

Dear CPC Teams,

Kindly note that interest rates have been revised with effect from 01-Oct-2016.

Please instruct all the SOLs to compare the maturity date in General tab with the maturity date in Flow tab and the maturity & interest flow values, at the time of opening accounts in CMISAOP, CMISAOPM, CSCAOP, CSCAOPM menus carefully before clicking on submit. This should be strictly followed if the user had visited the flow tab once and later modifies the value date or deposit amount.

We had earlier seen cases (during previous interest rate changes) that if the deposit amount or value-date of account opening fields are modified after visiting flow tab, the interest flow and maturity date/value do not get regenerated in some cases. If there is any such mismatch in maturity date/amount, the user can exit the account opening menu without clicking submit. This will help the SOLs in avoiding accounts getting opened with wrong maturity date or wrong interest flow.

Thanks & regards,

CEPT - FSI Team