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Former Member

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

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.

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2 Answers

  • Dec 31, 2014 at 02:14 PM

    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

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  • Dec 31, 2014 at 02:21 PM

    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


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