Block or Unblock Funds
Account | Account Transactions

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.

  • Perform Fund Blocking
    POST

    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 Fund Blocking
    PUT

    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.

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  • Reverse Fund Blocking
    DELETE

    Cancels 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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  • Fetch Fund Blocking Information
    GET

    Retrieves the reserved funds details such as reason, amount and period of reservation of the account

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Migration
Account | Servicing & Maintenance

Migration of accounts involves the process of updating and transitioning the account from an older or existing account. Below are the service operations and their APIs involved in the process.

  • Migrate Accounts
    POST

    Migration of a legacy system account contract to the given account product by providing the original contract date, account name, statement, payment frequency and start date, etc.

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  • Migrate Bills
    PUT

    Captures the bill information of the account such as bill id, property names, bill amount etc. This is used to migrate the bills of a legacy contract which is migrated from other system & update the bill details

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  • Migrate Balances
    PUT

    Captures the balance details of the account such as balance type, due amount etc. This is used to migrate the balances of a legacy contract which is migrated from other system & update the balance details

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