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Profit Liquidated on Term Deposit Account Instead of Related Savings Accounts (Doc ID 2598391.1)

Last updated on OCTOBER 20, 2019

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.


On : 12.0.3 version, Production Support-SET

TDR Booked by User Mistakenly where in the Interest and Booking account is not changed. Result to which ILIQ has happened on the TD Account instead of Crediting on the Savings Account.

expected behaviour is System will Credit the Profit and debit the tax on the Book Account which is defined during TD Account Creation/during booking of TRD using function id STDCUSTD

The issue can be reproduced at will with the following steps:
1. Book a TD Account using Term Deposit Account Maintenance Screen fast path STDCUSTD
2. Don't Change the Interest and Booking Account Tab on the STDCUSTD
3. System will default the Booking account and Interest account as TD account which is opened
4. During Profit Accrual /liquidation on Month end the Interest will be liquidated on the Account defined.

The issue has the following business impact:
Due to this issue, user mistake result to which the interest Liquidated has accrued on the TD Account


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