FD accounts synopsis - staff accounts and senior citizen accounts 8 Noting of standing instructions in the accounts and execution of the

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Creation and maintenance of fixed deposit accounts in banks: Synopsis: 1. Opening of the account with a customer code with application form and other relevant data in the system. 2. Operational instructions in the account. 3. Authorisation for opening the account . 4. Issuance of a deposit receipt to the client. 5. Maintenance of ledger for the account opened. 6. Linking of the daily transactions in the FD accounts to the day book for the daily run and taking it to the general ledger balances. 7. Interest plan, rates with effective date and periods and application of interest as per the instructions of the clients. Maintenance of different interest rates for the
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Unformatted text preview: staff accounts and senior citizen accounts. 8. Noting of standing instructions in the accounts and execution of the instructions on the due dates. 9. Premature closure of the deposit accounts. 10. Renewal of the deposit accounts. 11. Transfer of accounts which are due for payment to overdue deposits head. 12. Marking lien on the deposits when needed and lifting of the lien in the account as per Instructions. 13. Taking monthly jottings and balancing of the book with the general ledger. 14. Closure of the accounts....
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This note was uploaded on 03/02/2011 for the course COMPUTER A BCA taught by Professor Nandakumar.g during the Spring '11 term at University of Madras.

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