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Configuring Safe Deposit Locker rent yearly on locker allotment anniversary. (Doc ID 2509310.1)

Last updated on APRIL 19, 2021

Applies to:

Oracle FLEXCUBE Core Banking - Version 11.6.0.0.0 to 11.8.0.0.0
Information in this document applies to any platform.

Goal

Configuring Safe Deposit Locker rent yearly on locker allotment anniversary.

This section focuses on the below scenario of locker rent charging
• Locker rent is payable in advance and charged every year.
• Locker rent is amortized on month-ends over a period of 12 months.
• First locker rent has to be charged on the allotment date.
• Subsequent charging will be done on the allotment anniversary dates.

DISCLAIMER: This note is provided for informational purposes only.
The note has been tested on version 11.6.0.14.3 for locker rent charging only and appears to work as intended. However, you should refer to the deployed version documents, configure and test in test environment and verify.

Solution

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In this Document
Goal
Solution

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