Mobile Field Officer Applications
Payment and Process Orchestration
Core Banking & Embedded Finance
Application Framework
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 modified 2yr ago
Copy link