Choice of treatment of dormant accounts as to whether interest is payable or not. Interest may be paid monthly, quarterly, upon maturity or at any time. Monthly and quarterly interest payments may be credited to a current account, loan or savings account or to a GL payorder account. In the case of Time deposits interest will be paid upon maturity. Automatic generation of journals for monthly or quarterly interest transfer from Time Deposit and for transfers from a savings or current account for the purpose of loan repayment.
System imposes no limit on the number of accounts per customer.
No limit on the number of loan products per bank. Option for accounting of income on either accrual basis or cash basis for performing loans. Separate option for accounting on cash basis for non performing loans and for penal interest. In addition, a product may be defined to have an operator specified individual instalment schedule which is flexible in terms of both instalment dates and principal instalment amounts. Repayment schedule with grace period, with or without interest during grace period.