Manage Interest
Banks can pay interest to the customers on credit balances held in their deposit accounts. The interest can be changed in the following ways
-
Update the interest conditions of the term deposit such as interest rate, spread, margin etc
-
Retrieves the interest details of an account such as interest rate , interest type and interest amount
-
Retrieves the interest accrued for the current period of an account
-
Retrieve the past period's interest accruals
-
Retrieves the interest accruals of the previous year
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