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How can we change interest rate for a fixed term deposit in the middle of the contract

Former Member
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Hi

I have a scenario here.

I have invested in a fixed term deposit for the next five years- contract  starting from 01.04.2014 to 31.03.2019 with interest rate 9.25 %.

Mentioned all the above details in the FTR_CREATE and did all the subsequent steps. After one year interest changes to 9.00%.

Can we change interest rate at this stage? If so, how can we achieve this ?

Thanks,

Srikanth.

Accepted Solutions (0)

Answers (2)

Answers (2)

former_member226654
Participant
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Hi

Please go in FTR_edit and select change option and change the interest rate, if the interest frequency is set at the end of term

Otherwise share the  screen shot of structure of deal created

Regards

Bajaj pankaj


former_member566828
Active Contributor
0 Kudos

Hi,

not sure about fixed-term deposit, though try to create a new interest condition effective from a required date (in your case 1 year after 01.04.2014).

Kind regards,

Renatas