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Tasthana / Flexi Deposits

Fully Flexible Bank Deposits
 

Tasthana

Tasthana means as flexible as the stalk of a lotus. It is much more than an innovative deposit product. It is a customer acquisition product and will help the banks to acquire new customers and more deposits which in turn will lead to more money in the banking system to lend. Tasthana overcomes some of the inherent flaws of current bank deposit systems by:

  • The principle deposit amount can be increased or decreased by the bank customer.
  • The bank deposit tenure time can be modified.
  • The payoff amount can be deposited amongst multiple accounts.
  • Any amount can be withdrawn by the customer in middle of the tenure.
It is like a Rubik Cube where the Principal, Tenure, Pay-outs can be modified as and when the user chooses. It is only the Rate of Interest which the bank chooses. Tasthana computes TDS automatically and factors Form 15 H/G apart from calculating Penalties and GST. Tasthana has Reverse Annuity with single and multiple beneficiaries, each getting the same or different amount. The Reverse Annuity can be Amount Based with or without Top-up or Tenure Based. It combines all Sweep Deposits if the interest rate is the same. In short it is a one stop super market for deposits as it handles all the current features of the existing deposits and much more

The icing of the cake is our Planning Tool which gives a complete detailed snapshot of the time, costs, payments mapped with each process with graphs and flowcharts. It is a complete end-to-end solution and a must have for all the banks and finance companies who are financing the Supply Chain Industry.