{"id":596,"date":"2026-03-25T17:25:43","date_gmt":"2026-03-25T17:25:43","guid":{"rendered":"https:\/\/www.sikasoftonline.net\/?p=596"},"modified":"2026-03-26T10:36:11","modified_gmt":"2026-03-26T10:36:11","slug":"next-fixed-deposit","status":"publish","type":"post","link":"https:\/\/www.sikasoftonline.net\/index.php\/2026\/03\/25\/next-fixed-deposit\/","title":{"rendered":"Next Fixed Deposit"},"content":{"rendered":"\n<p>The&nbsp;<strong>NEXT Fixed Deposit<\/strong>&nbsp;page is the primary interface for creating new investment accounts for customers. This module automates the calculation of interest and maturity dates based on pre-configured investment periods, ensuring that staff can quickly and accurately set up term deposits while enforcing strict balance and reference number validations.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"user-content-purpose\">PURPOSE<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Securely initiate new Fixed Deposit (FD) applications for bank customers.<\/li>\n\n\n\n<li>Automatically calculate&nbsp;<strong>Interest Earned<\/strong>&nbsp;and&nbsp;<strong>Total Maturity Value<\/strong>&nbsp;based on the chosen duration.<\/li>\n\n\n\n<li>Enforce mandatory &#8220;Maturity Instructions&#8221; so the system knows what to do at the end of the term (Renew or Payout).<\/li>\n\n\n\n<li>Verify customer identity via the integrated Profile Picture and Signature modal.<\/li>\n\n\n\n<li>Ensure the source account (Savings\/Current) has sufficient funds to cover the investment.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"user-content-step-by-step-guide\">STEP-BY-STEP GUIDE<\/h2>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 1 \u2014 Find the Customer<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Navigate to the\u00a0<strong>Back Office Module <\/strong>and select <strong>NEXT Fixed Deposit<\/strong>\u00a0page.<\/li>\n\n\n\n<li>In the&nbsp;<strong>Find Customer<\/strong>&nbsp;search box, enter the customer&#8217;s name, account number, or assigned field officer.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"113\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-46-1024x113.png\" alt=\"\" class=\"wp-image-597\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-46-1024x113.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-46-300x33.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-46-768x85.png 768w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-46-1536x169.png 1536w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-46.png 1651w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Click the blue&nbsp;<strong>SELECT<\/strong>&nbsp;button next to the customer&#8217;s name to open the application modal.<\/li>\n<\/ol>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 2 \u2014 Verify Customer Identity (Optional but Recommended)<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>To ensure the person requesting the investment is the true account holder, click the blue&nbsp;<strong>Verify Customer<\/strong>&nbsp;button at the bottom of the popup.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" width=\"162\" height=\"59\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-47.png\" alt=\"\" class=\"wp-image-598\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" width=\"1024\" height=\"504\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-48-1024x504.png\" alt=\"\" class=\"wp-image-599\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-48-1024x504.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-48-300x148.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-48-768x378.png 768w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-48.png 1063w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Compare the physical person with the&nbsp;<strong>Profile Picture<\/strong>&nbsp;and&nbsp;<strong>Signature<\/strong>&nbsp;displayed in the verification window.<\/li>\n<\/ol>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 3 \u2014 Configure Source &amp; Investment<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>A\/C to Debit:<\/strong>&nbsp;Select which of the customer&#8217;s existing accounts (e.g., Savings) will be used to fund this investment.&nbsp;<em>(Note: The system will automatically display the current balance to ensure there are enough funds).<\/em><\/li>\n\n\n\n<li><strong>FD Reference:<\/strong>&nbsp;Enter a&nbsp;<strong>7-digit numeric code<\/strong>&nbsp;from the physical application form. This is a unique, mandatory identifier.<\/li>\n\n\n\n<li><strong>Fixed Deposit Amount:<\/strong>&nbsp;Type the principal amount the customer is investing.<\/li>\n<\/ol>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 4 \u2014 Select Duration and Review Yields<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Duration:<\/strong>&nbsp;Choose the investment period from the dropdown (e.g., 91 days, 182 days).<\/li>\n\n\n\n<li><strong>Review Auto-Calculations:<\/strong>&nbsp;The system will immediately calculate the following:\n<ul class=\"wp-block-list\">\n<li><strong>Interest Rate:<\/strong>&nbsp;Fetched from bank settings.<\/li>\n\n\n\n<li><strong>Maturity Date:<\/strong>&nbsp;The exact date the term ends.<\/li>\n\n\n\n<li><strong>Interest Amount:<\/strong>&nbsp;The total profit the customer will earn.<\/li>\n\n\n\n<li><strong>Total Maturity Value:<\/strong>&nbsp;The principal + interest total.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 5 \u2014 Set Maturity Instructions<\/strong>\u00a0<\/p>\n\n\n\n<p>You must select one of the following instructions for what happens on the Maturity Date:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Roll Over:<\/strong>&nbsp;The full amount (Principal + Interest) will be automatically reinvested into a new term.<\/li>\n\n\n\n<li><strong>Credit A\/C:<\/strong>&nbsp;The full amount will be automatically paid back into the customer&#8217;s savings\/source account.<\/li>\n<\/ul>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Step 6 \u2014 Finalize and Post<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Click&nbsp;<strong>Post Fixed Deposit<\/strong>.<\/li>\n\n\n\n<li>Review the confirmation prompt and click&nbsp;<strong>Confirm<\/strong>.<\/li>\n\n\n\n<li>The transaction is saved in an &#8220;Unauthorised&#8221; state and will appear in the&nbsp;<strong>Fixed Deposit Records<\/strong>&nbsp;table at the bottom for supervisor approval.<\/li>\n<\/ol>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"472\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-49-1024x472.png\" alt=\"\" class=\"wp-image-600\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-49-1024x472.png 1024w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-49-300x138.png 300w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-49-768x354.png 768w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-49-1536x708.png 1536w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-49.png 1652w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"user-content-configuration-interest-rate-setup\">CONFIGURATION: Interest Rate Setup<\/h3>\n\n\n\n<p>Managers can adjust the available terms and rates by clicking the&nbsp;<strong>Interest Rate Setup<\/strong>&nbsp;button inside the form.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"184\" height=\"65\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-50.png\" alt=\"\" class=\"wp-image-601\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"742\" height=\"748\" src=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-51.png\" alt=\"\" class=\"wp-image-602\" style=\"aspect-ratio:0.9919921821982138;width:458px;height:auto\" srcset=\"https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-51.png 742w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-51-298x300.png 298w, https:\/\/www.sikasoftonline.net\/wp-content\/uploads\/2026\/03\/image-51-150x150.png 150w\" sizes=\"(max-width: 742px) 100vw, 742px\" \/><\/figure>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Enter the&nbsp;<strong>Period (Days)<\/strong>&nbsp;and the corresponding&nbsp;<strong>Interest Amount\/Rate<\/strong>.<\/li>\n\n\n\n<li>Click&nbsp;<strong>Save<\/strong>&nbsp;to update the bank-wide investment options.<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"user-content-key-notes\">KEY NOTES<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>7-Digit Reference:<\/strong>&nbsp;The system strictly enforces a 7-digit numeric FD reference. If the number has already been used or is too short, the save will be blocked.<\/li>\n\n\n\n<li><strong>Insufficient Funds:<\/strong>&nbsp;You cannot create a fixed deposit if the &#8220;A\/C to Debit&#8221; has a balance lower than the investment amount.<\/li>\n\n\n\n<li><strong>Auto-Calculations:<\/strong>&nbsp;The math for interest is based on the &#8220;Per Annum&#8221; or &#8220;Monthly&#8221; setting of your branch, as shown next to the Interest Rate label.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;NEXT Fixed Deposit&nbsp;page is the primary interface for creating new investment accounts for customers. This module automates the calculation of interest and maturity dates based on pre-configured investment periods, ensuring that staff can quickly and accurately set up term deposits while enforcing strict balance and reference number validations. PURPOSE STEP-BY-STEP GUIDE Step 1 \u2014 Find [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":603,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,20],"tags":[],"class_list":["post-596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-back-office","category-new-fixed-deposit"],"_links":{"self":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/comments?post=596"}],"version-history":[{"count":3,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/596\/revisions"}],"predecessor-version":[{"id":644,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/posts\/596\/revisions\/644"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/media\/603"}],"wp:attachment":[{"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/media?parent=596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/categories?post=596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sikasoftonline.net\/index.php\/wp-json\/wp\/v2\/tags?post=596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}