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    Our Deposits/Debenture System: a robust and versatile platform tailored to efficiently manage and oversee all aspects of deposit and debenture accounts.
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    • Simple interest schemes for both long term and short term.
    • Compound interest schemes like Cumulative deposit.
    • Discounted Interest schemes.
    • Deposit receipt printing.
    • Payment of interest on monthly / quarterly / half yearly/ Yearly
      frequency or at maturity. Interest to be automatically credited to customer accounts across the bank branches.
    • Interest can also be paid by remittance and ECS.
    • System provides a facility to create the ECS data file for submission to RBI. Interest can be credited to other branch accounts.
    • Facility to specify whether interest /maturity proceeds should be automatic credited to a defined customer account of any branch.
    • Auto Renewal facility for same period/default period or different period.
    • Interest is reinvested with the principal or paid in auto renewal as per parameters.
    • Option to define base period for year as 360 or 365.
    • Min/max period of deposit can be defined
    • Mini/max amount of deposit and in multiples of deposited amount
    • Minimum/Maximum age can be defined
    • Maturity value round off – nearest, highest, lowest, no round off
    • Ceiling rate for interest can be applied.
    • Parameter for interest applications are Calendar basis & Account opening date basis.
    • Interest payment method is Pay periodic interest to specified accounts.
    • Facility to define interest chargeable on the loan against deposit. This rate could be variable fixed, tiered or x% over fixed deposit rate.
    • Amount based, period based and floating interest rates.
    • Facility to define Withholding tax at product level
    • Facility to apply different rates to special accounts (e.g. staff deposits, senior citizens etc.)
    • Support for crediting interest at any frequency (monthly, quarterly, half yearly, yearly, at maturity)
    • In case of monthly deposits – the interest can be defined on discounted basis.
    • Define Penal interest for premature closure.
    • Provision for Back Dated Renewal of deposits.
    • Facility to disallow loans against certain deposits.
    • Automatic generation of Account id.
    • Option to open accounts in days, months, years or in combination of all of them
    • At time of account opening, maturity date and maturity value to be calculated, with and without considering tax to be paid, where applicable
    • Auto Renewal of deposits. Account renewal of principal and interest to be credited to account.
    • Accrual/ posting of interest and withholding tax on due date of deposits.
    • If deposit is attached as security to loan then facility provided to auto renew the deposit on maturity or credit the proceeds to loan account and close the loan account after applying interest.
    • System does not allow payment until loan account is closed / or entire proceeds are to be transferred to loan a/c on auto closure.
    • On maturity of deposit attached to loan the system at EOD applies interest to the loan account to which the deposit is attached as security. The deposit is closed and amount credited to the loan. The loan is closed if the balance is zero and the balance amount is credited to the disposal account deposit.
    • Cash payment check on deposits while closing (less than RS. 20000/-) (This is a parameter and can be defined for a deposit product) / Provision for cash withdrawal transaction tax.
    • Transfer of overdue accounts to matured deposits accounts
    • Facility to credit interest to any account –loan or SB/CC/OD account.
    • Recovery of excess interest paid, at the time of closure. The maturity value is protected.
    • Computation of Tax and Tax Deduction at Source (TDS)
    • Parameter provided to define TDS rate for individual/corporate customer with PAN and without PAN.
    • TDS exemption for different type of members can be defined.
    • Tax deduction at source on interest on deposits
    • Grouping of deposits under group master concept Allowing different IT categories like individual, corporate, etc. in deposit master Full-fledged TDS information storage/reports/query in the system both of current year and of all previous years
    • Captures 15H/ 15G form indicator
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    Companies like "Au Financiers"  grew to a size of 3500 crore on our software

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    DEDICATED
    TEAM

    We have dedicated customer support teams in two offices. We’re always available online during business hours.

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    INSTANT
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    Online Support through Desktop sharing tool at the click of a button – irrespective of your geography.

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    DEVELOPER
    BACKED

    Our support teams are backed by developers who are readily available.

    FAQs

    We provide modern digital lending solution that are suitable for Fintechs as well as traditional lenders.

    Call Us +91 9666107000

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