Max loan against RD (% of balance)
e.g. 90 = loan up to 90% of the RD balance. Lien is checked when the RD is added as a loan guarantor.
@if (recurringDepositProductSettingsForm.get('lienPercentage').hasError('required')) {
Enter the percentage of the RD balance that can be given as loan
}
@if (
recurringDepositProductSettingsForm.get('lienPercentage').hasError('min') ||
recurringDepositProductSettingsForm.get('lienPercentage').hasError('max')
) {
Must be between 1 and 100
}
Execute maturity instruction automatically
On maturity day the instruction chosen when the RD was opened runs by itself - Transfer to Savings (to
the chosen or linked savings account) or Reinvest. Off: the RD stays Matured, earning the post-maturity
rate, until staff close it. Never runs while the RD has a lien.
Penalty / Grace Period for Missed Installments
An installment still unpaid after the grace days is charged a penalty once, collected from the RD
balance (Income From Penalties).
Grace daysDue 10th + 5 grace days = penalty from the 16th
@if (recurringDepositProductSettingsForm.get('missedInstallmentGraceDays').invalid) {
Whole days, 0 or more
}
Penalty typeFlat amount per installment% of the installment{{
recurringDepositProductSettingsForm.value.missedInstallmentPenaltyType === 2 ? 'Penalty (%)' : 'Penalty amount'
}}
@if (recurringDepositProductSettingsForm.get('missedInstallmentPenaltyAmount').invalid) {
{{
recurringDepositProductSettingsForm.value.missedInstallmentPenaltyType === 2
? 'Between 0.01 and 100'
: 'Must be more than 0'
}}
}
}
No penalty for nominee / legal heir closure
Premature close with reason "Nominee / legal heir claim" pays the full slab rate - no pre-closure penalty.
Deceased Settlement
Premature close with reason "Account holder deceased": no penalty, allowed even inside lock-in, and the
proceeds may go to a nominee's savings account.
Allow Debit Txn after due date
For RDs on Auto Debit. On: a missed installment keeps being collected on later days. Off: it is debited
only on its due date; a missed one stays overdue.