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FCUBS - 14.6.0.3.0 - CORPORATE DEPOSIT - TAX NOT DEDUCTED DURING ROLLOVER (Doc ID 3008821.1)

Last updated on MARCH 20, 2024

Applies to:

Oracle FLEXCUBE Universal Banking - Version 14.6.0.0.0 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
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FCUBS - 14.6.0.3.0 - CORPORATE DEPOSIT - TAX NOT DEDUCTED DURING ROLLOVER
EOD logs are attached.

EXPECTED BEHAVIOR
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Bank's expectation to deduct tax  component during contract roll over.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. 1.Booked a contract in CDDTRONL screen with rollover preference as Principal + (Interest - Tax).
2.Tax component maintained at product level.
3. Rollover of the contract has happened with the deduction of tax . (Total interest was added to principal and contract had rolled over)
4. The expectation is to deduct tax  component during contract roll over.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users CORPORATE DEPOSIT - TAX NOT DEDUCTED DURING ROLLOVER

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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