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.
-
Retrieves the interest details of an account such as interest rate , interest type and interest amount
-
Retrieve the past period's interest accruals
-
Retrieves the interest accrued for the current period of an account
-
Retrieves the interest accruals of the previous year
Manage Limits
Limit information highlights the specific restrictions or caps imposed on certain account activities or transactions. Common types of limits that may be placed on accounts are transaction limits, withdrawal limits, transfer limits, and spending limits.
-
Update the limit conditions of the account with the secondary limit amount and other limit details
-
Retrieves the currency, balances, limit details and arrangement details of the account