Business & Corporate Enterprise Service

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.

You can opt to be a single account holder or multiple holders (joint names) while borrowing a loan from a bank. The latter option usually opts when you pool your income, making your loan eligibility higher, or for claiming tax benefits.