Mobile Field Officer Applications
Payment and Process Orchestration
Core Banking & Embedded Finance
Application Framework
How to Add a Charge to a Term Deposit Account
Charges (fees and penalties) can be charged to term deposit accounts in the following ways:
  • Charges are inherited from the product definition. A Mifos x user may have the ability to remove one or more of these charges for a term deposit account. When a charge is removed from a term deposit account, other term deposit accounts are not affected.
  • Charges (not yet associated with the term deposit account) can be selected and attached to the term deposit account.
  • One time charges can be added to an active term deposit account.
Charges may be added at the time of term deposit account application, when a term deposit account is Pending Approval, is Approved and is Active. Adding a charge to a term deposit account does not affect the term deposit account's status.

To inherit charges from the product definition

While completing a term deposit account application for a client, keep the charges that appear in the saving account. Complete any fields that do not default such as a date that may be required. Additional charges may also be added. See Term Deposit Account Fields Charges.

To add charges to a term deposit account

When editing a term deposit account, navigate to the Charges section. See Term Deposit Account Fields Charges.

To add miscellaneous (one-time) charges to a term deposit account

When viewing a term deposit account, click More and +Add Charge on the action bar.
  1. 1.
    Select Charge type from the list.
  2. 2.
    Complete the fields required for the charge.
  3. 3.
    Click Submit.
Last modified 2yr ago