Fixed Deposit is also called term payment – where a client and a financial institution enters to an agreement to be depositing, remitting funds at certain interval and amount and the balance to accrue interest at a certain rate.

Interest earned is deposited back to the account at an agreed interval.

 The System allows

1. Capture term period
2. Capture term payments
3. Capture of flexible term interest
4. Amortize expected remittance date
5. Give expected returns
6. Allow flexible posting of accrued amounts.
7. Send reminders on due remittances
8. Allow withdrawal of mature earning
9. Allow withdrawal of premature earnings.