Bank Cannot Collect Charges/Fees For Facility Creation/Linkage With Accounts.
(Doc ID 2797701.1)
Last updated on AUGUST 09, 2021
Applies to:Oracle FLEXCUBE Universal Banking - Version 12.0.3 and later
Information in this document applies to any platform.
As per the Flexcube user manual, for the facility creation fee, bank followed the document link https://docs.oracle.com/cd/E53393_01/PDF/EL/LCM.pdf and create one facility id and mapped with the new account after creation. Users have verified that system did not collect the charge.
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