A product is a financial offering by a financial institution to its clients. Products are set up once and are then available to qualifying clients (individuals, groups, and centers).
Financial institutions can set up and configure:
​Loan Products​
Deposit Products:
​Savings Products (current and saving accounts)
​Share products​
Term deposit products
​Fixed Deposit Products​
​Recurring Deposit​
Each product may have one or more associated charges (i.e. fees and penalties). These charges need to be defined before they can be associated with a product. To learn about charges see Charges.
Your system administrator will define which users are able to define products, charges and product mix.