Payment Schedule
Deposits | Deposit Maintenance

A payment schedule for a deposits product is the interest payments that are made on the deposit account. The payment schedule outlines when and how interest payments will be made to the account holder.

Deposit Closure
Deposits | Deposit Maintenance

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

  • Redeem the term deposit to close the deposit by providing the settlement instructions

  • Simulate 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