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
Notice Withdrawal Conditions
Notice withdrawal is a feature that may be offered on certain types of accounts, such as savings accounts. With notice withdrawal, the account holder must provide advance notice to the financial institution before withdrawing funds from the account. The notice period may vary depending on the account terms and the financial institution's policies
Create a Notice
PUTNotifies the withdrawal of amount from account by providing the withdrawal date and amount etc. This is applicable only for notice type of accounts.
Update Notice
PUTUpdates the notice of withdrawal of amount from account by providing the withdrawal date, bill reference and amount etc. This is applicable only for notice type of accounts.
Cancel Notice
PUTCancels the notification of withdrawal of amount from account.
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Retrieves the details of notice bills