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
Repay Loan
You can create a payment order to move funds from a loan account to a funding account by specifying the details such as currency, debit amount, initiation type, credit account, and so on.
Repay Loan
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
-
Create a simulation for loan product with details like customer identifier, currency, etc.