The rollover feature allows you to reinvest a matured (or eligible) investment into a new investment cycle without liquidating the funds to the customer first. This is useful when a customer chooses to continue earning returns under new terms.
Steps to Roll Over an Investment
- Navigate to the Investments section.
- Locate and click on the specific investment you want to roll over.
- A rollover modal will appear prompting you to configure the new investment details.
You will be required to select and enter the following:
- Rollover Investment Type – Choose the new investment category the funds will move into.
- Investment Rate – Specify the applicable interest rate for the new cycle.
- Investment Tenor – Select the duration of the new investment period.
- Investment Start Date – Define when the new investment cycle begins.
- Transaction PIN – Enter your PIN to authorize the action (if you have the required permissions).
Submission Process
The user can either “Post” or “Send for Approval”
PS: For every investment that is liquidated and rolled over, the liquidation request must first be approved before the rolled-over funds can appear under Investments. his