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
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Update the interest conditions of the term deposit such as interest rate, spread, margin etc
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Retrieves the interest details of an account such as interest rate , interest type and interest amount
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Retrieves the interest accrued for the current period of an account
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Retrieve the past period's interest accruals
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Retrieves the interest accruals of the previous year
Migration
Below are the service operations and their respective APIs involved in migration of deposits, bills and deposit balances.
Migrate Deposits
POSTMigration of a legacy system deposit contract to the given deposit product by providing the original contract date, account name, statement, payment frequency and start date, etc. This can be used for migrating the legacy contract to deposits account by providing required details.
Migrate Bills
PUTCaptures the bill information of the deposits account such as bill id, property names, bill amount etc. This is used to migrate the bills of a legacy contract which is migrated from other system & update the bill details.
Migrate Balances
PUTCaptures the balance details of the deposits account such as balance type, due amount etc. This is used to migrate the balances of a legacy contract which is migrated from other system & update the balance details.