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Former Member
Nov 13, 2010 at 11:09 AM

Mid Term Change in Interest Rate on Fixed Deposits due to policy revision

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Hello,

Our client is implementing the Fixed Deposits Accounting through Treasury (Money Market). We have a scenario wherein due to revisions in the company policy, the Interest rates offered on Fixed Deposits are reduced or increased.

I was able to use the Conditions Tab or Detail View:Int conditions button in TM02 to add another interest (percentage) rate effective from another date. This changed the Cash Flow as per the new requirement.

Unfortunately, i was unable to find a transaction code which would help me do a collective processing for the change in the interest rates for certain schemes of fixed deposits and obviously changing each FD would not be a feasible option for the client due to huge volumes.

Request your advise on the matter.

Thanks,

Murtuza

+91 9923205169.