Posting Restriction
Banks employ posting restrictions to regulate transactions in accounts. Posting restrictions are transaction-based rules that prevent transactions from being posted to an account for the purpose of operational control. A typical business case in which a bank uses a posting restrictions to regulate credits into an account is for non-resident accounts, where there may be restrictions on depositing local currency amounts into the account.
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Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account
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Update the account details to block or unblock the account by setting the posting restriction and to change the nick name of the account
Account Dormancy
Account dormancy is a period of inactivity on a financial account, such as a bank account or credit card account, during which no transactions or other account activity occurs. The length of time that an account can remain dormant before it is considered inactive or dormant varies depending on the financial institution and the type of account. Typically, an account is considered dormant if no customer-initiated transactions, such as deposits or withdrawals have occurred for a specified length of time, which can range from six months to two years.
Reset Dormancy
PUTReset the dormant account to active status manually
Update Dormancy
PUTDeactivates the savings account and moves it to given dormancy status.
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Retrieves the dormancy setup details for the account such as dormancy period, status etc