Funding of Deposits
Funding of deposits involves depositing funds into deposit account to increase the balance and to potentially earn interest on the deposited amount over time.
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Fund the term deposit manually by providing the deposit amount
Block or Unblock Funds
Banks can block funds on a deposits account, in full or partially, for a specific or indefinite period of time.
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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.
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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.
Reverse Fund Blocking
DELETECancels 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.
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Retrieves the reserved funds details such as reason, amount and period of reservation of the account
Partial Withdrawal
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.
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Withdraw from the deposit account
Evidence
Manage subscription for asset finance contracts & assets
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Captures and accepts details based on the the outcome of an inspection, including data such as the inspector, inspection date, status, and any comments about the assets condition.
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Captures and accepts details when a vehicle has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
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Captures and accepts details when an asset has been inspected and officially accepted by the organization, documenting the data such as acceptance date, accepting party, and status.
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Captures and accepts new insurance for an asset, specifying details such as the insurer, coverage amount, policy number, and coverage period.
Update Evidence
PUTUpdate the evidences to specify its approval or rejection status.
Fetch Evidences
GETRetrieves evidence information such as evidence id, description, activity, and effective date.
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Retrieves the list of newly acquired evidences which require an acceptance action to advance the status to accepted status.
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Retrieves evidence details for a lease agreement as per the covenants and condition