Renewal of Deposits
Renewal of deposits enables the account holders to extend the term of their deposit account that has reached its maturity date.
Deposit Renewal
POSTPerform the rollover of the deposit for the given rollover date or period
Update Term
PUTUpdate the tenure of the term deposit by providing tenure or maturity date
Charge Off
Borrowers can default on their payments due to economic or other personal crises. Under these circumstances, a bank may deem certain receivable amounts on the loan arrangement to be charged off. A charge off can be for the overdue amounts (partial) or the entire loan amount. Customers are not aware of a charge off and bills are generated as usual. However, the charged off balances are held in a separate account on the banks books (shadow balances).
Charge Off
PUTExecute loan charge-off activity to charge-off account balance only
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Retrieves the charge off balances of an arrangement account