Funding of Deposits
Deposits | Deposit Transactions

Funding of deposits involves depositing funds into deposit account to increase the balance and to potentially earn interest on the deposited amount over time.

Block or Unblock Funds
Deposits | Deposit Transactions

Banks can block funds on a deposits account, in full or partially, for a specific or indefinite period of time.

  • 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.

  • 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.

  • 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.

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

Partial Withdrawal
Deposits | Deposit Transactions

Partial withdrawal refers to withdrawing a portion of the funds deposited in the account before the maturity date, while leaving the remaining balance intact. This may involve change in interest earned and can also be subject to penalties or fees.

Subscription
Asset Finance

Manage subscription for asset finance contracts & assets

  • Allows to add base payments (such as rentals) or other add-on payments (such as insurance, or maintencance) for hire purchase , lease , chattel mortgage, and asset finance agreements.

  • Allows to amend base payments (such as rentals) or other add-on payments (such as insurance, or maintencance) for hire purchase , lease , chattel mortgage asset finance agreements.

  • Allows to cancel base payments (such as rentals) or other add-on payments (such as insurance, or maintencance) for hire purchase , lease , chattel mortgage asset finance agreements.

  • Retrieves the list of subscriptions based on the product line id and optional query parameters such as customerId or agreement id