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
Deposit Closure
Closure of a deposit account refers to terminating a term deposit account before its maturity date. You can use this query to fetch the details related to closure of deposits.
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Redeem the term deposit to close the deposit by providing the settlement instructions
Deposit Closure
PUTRedeem the term deposit to close the deposit by providing the settlement instructions
Simulate Redemption
POSTSimulate a deposit redemption and the payload should include the settlement instructions to which the deposit amount is to be credited. Common usage of this is for simulating withdrawals when customers want to withdraw their deposits before the actual fixed maturity date of the deposits.
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Retrieves the redeem bill for the given deposit by providing the deposit reference and simulation reference for simulated deposits