Block or Unblock Funds
Banks can block funds fully or partially on an account for a specific or indefinite period of time. This topic explains the service operations and their APIs involved in initiating, updating, and reversing a fund block. It also explains the APIs to fetch fund blocking information.
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Creates a funds reservation with details such as account number, block or reserve amount, period of hold transaction, reason for holding. Funds reservations are created to block or reserve funds which restricts any debit movements affecting the account balance below the blocked amount for the specified period on an account.
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Update funds reservation with details such as account number, block or reserve amount, period of hold transaction, reason for holding. Funds reservations are created to block or reserve funds which restricts any debit movements affecting the account balance below the blocked amount for the specified period on an account.
Reverse Fund Blocking
DELETECancels the funds reservation of an account. Funds reservations are created to block or reserve funds which restricts any debit movements affecting the account balance below the blocked amount for the specified period on an account. On removal of the funds reservations, the blocked or reserved amount is now available for usage.
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Retrieves the reserved funds details such as reason, amount and period of reservation of the account
Manage Interest
Banks can pay an interest to the customers on credit balances held in their accounts. Credit interest or debit interest can be changed in the account at any time during the entire life cycle of the account.
Update Interest
PUTUpdate the interest conditions of the account such as interest rate, tier details, margin amount etc.
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Retrieves the interest details of an account such as interest rate , interest type and interest amount
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Retrieve the past period's interest accruals
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Retrieves the interest accrued for the current period of an account
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Retrieves the interest accruals of the previous year