Use cases
1. Close a Flexible Savings Account
API: /closeSavingService/v1/closeFlexSaving
Allows customers to request the closure of a flexible savings account. The system checks eligibility and transfers the remaining balance to the main or designated account.
2. Approve Flexible Savings Account Closure
API: /closeSavingService/v1/approveCloseFlex
Enables bank staff to approve a request to close a flexible savings account before the system proceeds with the closure.
3. Auto-Close Fixed Deposit After Maturity
API: /closeSavingService/v1/closeCDPassDay
Automatically closes a fixed deposit (CD) account after it reaches its maturity date and transfers both principal and interest to the customer's account.
4. Early Closure of Fixed Deposit
API: /closeSavingService/v1/settleSavingBeforeDate
Allows customers to request early settlement of a fixed deposit. The system recalculates the interest or applies penalties, then transfers the funds to the main account.
5. Close Fixed Deposit on a Specific Date
API: /closeSavingService/v1/closeCDOnDay
Allows customers to specify a date for closing their fixed deposit account. The system processes the closure and transfers the funds on the requested date.
6. Close Fixed Deposit Linked to Auto-Pay
API: /closeSavingService/v1/closeFDAPSaving
Handles the closure of a fixed deposit linked to an Auto-Pay account, cancels recurring transactions, and transfers the funds to the main account.
