Account Information
Account | Enquiries

Account information refers to the details and data associated with a financial account, such as a bank account, credit card account, or loan account. It includes information such as account holders details, account information, transaction activity, balances and so on.

Account Statement
Account | Enquiries

Account statements are issued on a periodic basis and include all debits and credits to a customer account that occurred during the statement period.

  • Retrieves the statement details of the transactions for the given account such as booking date, value date, transaction reference, transaction code, debit or credit amount, closing balance based on the given dates(from date and to date).If dates are not given, retrieves the last 1M transactions.If from date alone is given, retrieves the transactions from given date to today.If end date alone is given, retrieves the last 1M transactions prior to the given end date.If period is given, retrieves the transactions for the period.If account id and transaction id are given, retrieves that particular transaction details

  • Retrieves the details of future transaction entries such as statement reference, value date, booking date, transaction reference, transaction code and amount

Fees and Charges
Account | Enquiries

Fees and charges are the costs associated with maintaining an account and using its various services and features. These costs can vary depending on the type of account and the specific services used by the account holder. This service helps you to fetch the details of charges associated to an account.

Outstanding Bills
Account | Enquiries

An account may have outstanding bills in the form of penalties, account opening fees, and maintenance fees. This service helps you to fetch the outstanding amount to be paid for the deposit account as on the query date.

Product Details
Account | Enquiries

You can use this query to fetch product features and conditions.

Repay Facility
Lending | Billateral Loan | Manage Transactions

You can create a payment order for transferring the funds from an account to a facility arrangement account to repay the facility amount.

Disburse Loan
Lending | Billateral Loan | Manage Transactions

Loan disbursements refer to the drawdown of the loan principal, which can be in a single disbursement or tranches. The proceeds of the disbursal can be channelized into a customer or customer-authorised account available within the bank or externally. In the former case, loan disbursements can be automatic (using a settlement account) or manual. In the latter case, funds can be transferred to another bank using clearing and other payment mechanisms.

  • Create the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment

Repay Loan
Lending | Billateral Loan | Manage Transactions

You can create a payment order to move funds from a loan account to a funding account by specifying the details such as currency, debit amount, initiation type, credit account, and so on.

Direct Debit
Lending | Billateral Loan | Manage Transactions

You can link between a financial institution, or payee, and a drawdown account to facilitate the automatic collection of funds through direct debit.

Payoff Loan
Lending | Billateral Loan | Manage Transactions

Loan payoff is the pre-closure of a loan in a single payment before the actual maturity of the loan tenure. Payoff can also be called foreclosure, early closure, or early settlement of a loan account. Loan payoff involves functions like a simulation of the outstanding amount payable and a distinct function for payoff loans based on the simulation.