Fixed Deposits

A fixed deposit is the mirror image of a loan: instead of borrowing from the bank, you place an amount with it for a set term in return for interest. Nama tracks it with the same logic it uses for Bank Loans: a master file holding the deposit terms, then an issue document that posts it, then periodic interest-payment documents that lock in the interest.

Required license

Fixed deposits are part of the accounting-loans license — the same license that covers Bank Loans and Credit Facilities.

The deposit's lifecycle

Every screen hangs off the Banks > Fixed Deposits root:

1. Fixed Deposit — the master file in its initial status "Initial".
2. Fixed Deposit Issue — the moment the amount actually goes out into the deposit (it posts to the ledger, and the status flips to "Released").
3. Interest Payment Document — locking in the periodic interest payments (the same document used for loans).
4. Fixed Deposit Changing — amending the deposit data after it's been issued.

The deposit's master file

On the Fixed Deposit screen (Banks > Fixed Deposits > Fixed Deposit) the terms are defined: the bank and bank account, the deposit type, the deposit value, the from date / to date, the calculated per (the interest-calculation period), the interest percentage, interest type, interest calculation method and interest payment start date.

Interest type: Simple or Compound. The interest calculation method sets the calculation frequency: Yearly, Monthly or Daily.

Deposit statuses: Initial → Released → In Progress → Finished / Cancelled.

Issuing and paying interest

When a Fixed Deposit Issue (Banks > Fixed Deposits > Fixed Deposit Issue) is recorded, the amount goes out of your account into the deposit with the bank, the accounting effect posts via the interest value debit/credit sides alongside the principal, and the deposit's status flips to "Released".

The due interest is then locked in periodically via the Interest Payment Document (Banks > Fixed Deposits > Interest Payment Document) — the document shared with loans. (Where the issue and interest accounts come from is in the Document terms reference.)

Amendment

A Fixed Deposit Changing document is used to amend the deposit data after it's been issued, within the system's controls.

Printed forms

Form	Document
Fixed Deposit (SYSF-BNK010)	The deposit's data printout.
Fixed Deposit Issue (SYSF-BNK011)	The deposit-issue document printout.

For Support

• "The deposit is still Initial" — the deposit-issue document hasn't been recorded yet; issuing is what moves the amount out and advances the status.
• "The interest isn't computed as I expect" — check the interest type (Simple/Compound) and the interest calculation method (Yearly/Monthly/Daily) on the deposit.
• "The same interest-payment document shows up under loans" — that's correct; the document is shared between deposits and Loans.
• "Where do the interest accounts come from?" — from the Fixed Deposit Issue and Interest Payment Document terms; see Document terms.
• The accounting-processing mechanism is in How documents are processed into accounting effects.