Managing Profit Sharing Deposit Product
The main actions for Profit Sharing Deposit Products, such as editing, deleting or deactivating, can be performed in the same way as for standard deposits. However, certain criteria specific to profit sharing arrangements may apply, limiting some actions based on agreed terms.
Editing profit sharing accounts
Closing, deleting, withdrawing, and rejecting profit sharing accounts
Locking, unlocking, and re-opening profit sharing accounts
| Editing action | Standard deposit products | Profit sharing deposit products |
|---|---|---|
| Profit sharing attribute | No | No |
| Interest rate | Yes | No |