Saving Account Fields

Saving Product Fields

Field name (attribute)	Description	Example	Validations (if applicable)
Product	The saving product upon which to base the saving account. When the product is selected, the rest of the saving product form will open and the saving product values will populate the form. Saving products that are active on the current date will display in the Product list.	Monthly Interest Saving	Required field Select from list
Submitted	The date the saving account application was submitted on. Valid dates include the current date or earlier but cannot precede: the date the client, group, or center applying for the saving account became active the date the saving product became active	01 June 2014	Required field Select from pop-up calendar
Field Officer	The financial institution employee who will be responsible for the saving account.		Optional Select from list

Terms Section

Field name (attribute)	Description	Example	Validations (if applicable)
Currency	The currency is set in the saving product and cannot be modified on a saving account.	Indian Rupee	Cannot be changed
Decimal places	The decimal place value is set in the saving product and cannot be modified on a saving account.	2	Cannot be changed
Nominal annual interest	The nominal interest rate will default from the saving product, but can be changed for a saving account.	1.75	Required field Numeric
Interest compounding period	The interest compounding period will default from the saving product, but can be changed for a saving account.	Monthly	Required field Select from list
Currency in multiples of	The currency in multiples of value is set in the saving product and cannot be modified on a saving account. Still not too sure what this field does? Related question posted on Answerhub Note: this field does not appear to have any functionality for a saving account / saving product.	0	Required field Numeric
Interest posting period	The period at which interest rate is posted or credited to the saving account. The interest posting value will default from the saving product, but can be changed for a saving account.	Monthly	Required field Select from list
Interest calculated using	The method used to calculate interest. The interest calculated using value will default from the saving product, but can be changed for a saving account.	Average Daily Balance	Required field Select from list
Days in years	The setting for number of days in year is used to calculate interest. The days in years value will default from the saving product, but can be changed for a saving account.	360	Required field Select from list
Minimum opening balance	Sets the minimum deposit amount required to open a saving account of this saving product type. The minimum opening balance value will default from the saving product, but can be changed for a saving account.	2000	Optional field Numeric with decimals
Lock-in period	Used to indicate the length of time that a savings account of this saving product type is locked-in and withdrawals are not allowed. The lock-in period values will default from the saving product, but can be changed for a saving account.	5 Days	Optional field Numeric and select from list
Apply Withdrawal fee for transfers	Indicates whether the withdrawal fee should be applied when funds are transferred between accounts. The value will default from the saving product, but can be changed for a saving account.	Checked (true)	Optional field Checked if true; Unchecked if false
Is Overdraft allowed?	Indicates whether saving accounts based on this saving product may have an overdraft. The value will default from the saving product, but can be changed for a saving account.	Checked (False)	Optional field Checked if true; Unchecked if false
Maximum overdraft amount limit	Sets the maximum allowed overdraft amount for a saving account that is allowed to have an overdraft. The value will default from the saving product, but can be changed for a saving account.	5000	Required if Is Overdraft Allowed is checked

Charges Section

Field name (attribute)	Description	Example	Validations (If applicable)
Charges	Charges will default from the saving product definition. To remove a default charge, click x in the Action column. To add a charge, select a charge from the Charges list and click Add. If more charges apply to the saving product, select additional charges and click Add for each.