Fixed Deposits

Fixed Deposits manages lump-sum, fixed-tenure investments where a member locks an amount for an agreed term at a contracted interest rate. Each mfi.fixed.deposit record tracks principal, rate, start and maturity dates, accrued interest and the maturity instruction (payout or roll-over).

Fixed Deposits
Fixed Deposits — live screen from the BridgeERP MFI Suite.

Workflow

  1. Open Savings > Operations > Term Deposits > Fixed Deposits.
  2. Create a new FD, selecting the member, principal, term and interest rate.
  3. Confirm the maturity date and the maturity instruction (payout or renew).
  4. Activate the deposit to lock the principal and begin interest accrual.
  5. On maturity, process payout to the linked savings account or roll over the FD.
  6. Use the calendar view to track upcoming maturities.

Fields reference

Every field on this screen, drawn from the live data model.

FieldTypeRequiredDescription
Savings Account
account_id
Link → mfi.savings.accountYesSavings Account
Deposit Amount
deposit_amount
MoneyYesDeposit Amount
Interest Rate (%)
interest_rate
DecimalYesInterest Rate (%)
Tenure (Months)
tenure_months
NumberYesTenure (Months)
Start Date
start_date
DateYesStart Date
Has Message
has_message
Yes/No—Has Message
Member
member_id
Link → mfi.member—Member
Branch
branch_id
Link → mfi.branch—Branch
Currency
currency_id
Link → res.currency—Currency
Company
company_id
Link → res.company—Company
Maturity Date
maturity_date
Date—Maturity Date
Maturity Amount
maturity_amount
Money—Maturity Amount
Interest Earned
interest_earned
Money—Interest Earned
Days Remaining
days_remaining
Number—Days Remaining
Auto Rollover
auto_rollover
Yes/No—Auto Rollover
Rollover Type
rollover_type
Choice: Principal Only, Principal + Interest—Rollover Type
Times Rolled Over
rollover_count
Number—Times Rolled Over
Pre-Mature Withdrawal
premature_withdrawal
Yes/No—Pre-Mature Withdrawal
Penalty Applied
penalty_applied
Money—Penalty Applied
Status
state
Choice: Active, Matured, Pre-Mature Closed, Rolled Over, Closed—Status
Certificate No.
certificate_number
Text—Certificate No.
Notes
notes
Long text—Notes

Actions & buttons

Buttons available on this screen and what they do:

  • Process Maturity
  • Pre-Mature Close
  • Print Certificate

Status lifecycle

Records on this screen move through these statuses:

Active → Matured → Pre-Mature Closed → Rolled Over → Closed

Notes & rules

  • Records on mfi.fixed.deposit with list, form and calendar views.
  • Interest accrues over the fixed term per the contracted rate.
  • Early withdrawal typically applies a penalty per product configuration.

Technical model: mfi.fixed.deposit · Record: Fixed Deposit

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