Setting up deposit products

In this section, you will find information about creating new term . The deposit products are term deposit investment options for your customers.

The following image shows a deposit product lifecycle:

Create deposit class code

Prior to setting up a new deposit product, you can create a deposit class code. The class codes allow defining separate general ledger accounts for different deposit products.

For example, you can create a separate class code for corporate and private deposit products.

To create a new deposit class code:

1. Deposits > Settings > Class codes.

2. Click the Add new class code button.

1. Enter the Deposit class code name and Description > Save.

1. Once a new class code is created, you can see it on the Deposit class code page.

Create new deposit product

1. Deposits > Products.

The deposits products page displays the parameters to search for existing deposit products and active products.

1. Click Add new product button and enter the information for the following sections:

General information parameters

Interest main settings

Interest conditions