Savings Pocket Setup

The Savings Pocket Setup page allows you to configure the savings types available to customers through the internet banking channel in Udara360, mapping each savings type to the product and tenure settings that apply when a customer creates a savings pocket. Three savings types are available: Frequent Savings, Flex Savings, and Auto Savings. Each can be linked to a product and independently activated or deactivated. This guide will walk you through managing savings pocket configurations.

Accessing Savings Pocket Setup

1. Log into the application using your credentials.

2. From the dashboard, navigate to E-Channels in the side menu.

3. Expand Internet Banking and Select Savings Pocket Setup from the dropdown list

The page displays three pre-configured savings type rows, each with the following fields:

Field	Description
Savings Type	The name of the savings type; Frequent Savings, Flex Savings, or Auto Savings. This field is pre-set and cannot be changed.
Product	The product linked to this savings type, selected from the dropdown
Product Code	Populates automatically based on the selected product
Deactivate Savings Type	Toggle to deactivate this savings type from the internet banking channel

The Frequent Savings row includes three additional fields:

Field	Description
Tenure	The duration of the savings pocket in months
Applicable Interest Rate	The interest rate applied to this savings type
Part Liquidation Charge	The charge applied when a customer partially liquidates their savings pocket

Editing the Configuration

1. Click the Edit button at the bottom of the page

2. Update the Product, Tenure, Applicable Interest Rate, Part Liquidation Charge, or Deactivate Savings Type toggle for each savings type as required

3. Click Save Changes to apply the updates