Posting Restriction
Banks employ posting restrictions to regulate transactions in deposits. Posting restrictions are transaction-based controls, that prevent transactions from being posted for the purpose of operational control. A typical business case in which a bank applies a posting restriction to control credits is for non-resident accounts, where there could be restrictions against the deposit of local currency amounts into the deposit.
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Update the account conditions of the term deposit such as alternate references, posting restrictions, etc
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Update the account conditions of the term deposit such as alternate references, posting restrictions, etc
Change Product
Changing product is the process of switching from one type of deposits product to another within same product group offered by the bank or financial institution that may involve additional fees and charges.
Change Product
PUTUpdate the contract from one deposit product to another