Term Deposit Account Creation and Transfer Transaction Using Custom Menu

Abstract

The transactions for opening and transferring term deposit accounts. The project is using Custom Menu and Finacle software. A term deposit is a fixed-term investment that entails depositing money into a financial institution's account. Term deposits typically have short maturities ranging from one month to a few years. When purchasing a term deposit, the investor must understand that they can withdraw their funds only after the period has expired. In the finacle software, the banker must select the menu option HOAACTD for deposit account opening and the menu option HOAACVTD for term deposit account verification. HTM Transaction Menu (Transaction Maintenance). The FLT code is used in the infeng file to set the fields name that will be displayed in the page props file is used to declare the fields as mandatory that the banker clients must fill the mandatory details. All cash deposits, payments, and transfers are supported by the HTM. The primary activities of a bank are lending and borrowing. To give money to people through loans such as personal loans, housing loans, auto loans, and so on. Because a fixed deposit is retained for a longer period of time, it yields a higher interest rate.