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.
-
Update the account conditions of the term deposit such as alternate references, posting restrictions, etc
-
Update the account conditions of the term deposit such as alternate references, posting restrictions, etc
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.
-
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.
-
Retrieves the redeem bill for the given deposit by providing the deposit reference and simulation reference for simulated deposits