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Maintain Interest Rate Ranges |
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Data Element |
Data
element description |
Is Required? |
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Currency: |
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Currency of the
sub-category of members' accounts |
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Yes |
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Select Main Catalog: |
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Main category |
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Yes |
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Select Sub-catalogue: |
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Sub-category for
which the interest rate applies |
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Yes |
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Balance Limit: |
Interest Rate: |
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Range 1: |
1,000.00 |
0.00 |
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Range of balances,
upto 5 can be recorded here. |
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Yes |
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Range 2: |
50,000.00 |
4.50 |
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Ranges should be from
the smallest to the largest. |
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Range 3: |
150,000.00 |
2.40 |
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An entry greater than
zero in range 1 limits the minimum balance interest is applied |
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Range 4: |
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If the ranges are
less than 5, the remaining entries can be left open. |
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Range 5: |
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Interest rates
corresponding to the ranges should be inserted side-by-side. |
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Record Date: |
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Date and time rates
are recorded on the system; read-only |
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Save interest rates |
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Delete the
selected / current and the last interest rate that is active |
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