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.

Last updated