Create Fixed Deposit

This creates a fixed deposit account

Overview

To create a fixed deposit account you first need to build the complete create fixed deposit account endpoint by passing the version to the query path and authToken to the query params. Then, you make a post request by passing IsDiscountDeposit, AccountName, AccountNo, Amount, and Tenure and other required payload to the complete endpoint.

Required Payload

Name	Data Type	Description
IsDiscountDeposit	Boolean	Determines if interest should be paid upfront	Mandatory
InterestRate	Int	Deposit interest rate	Mandatory
Amount	String	Amount for fixed deposit	Mandatory
Narration	String	Narration	Optional
Tenure	Int	Fixed deposit tenure in days	Mandatory
CustomerID	String	Customer's ID from CBA	Mandatory
ProductCode	String	Product code for the fixed deposit product	Mandatory
LiquidationAccount	String	Liquidation account	Mandatory
ApplyInterestMonthly	Boolean	Applies interest monthly	Mandatory
AppyInterestRollover	Boolean	Rolls over interest	Mandatory
ShouldRollover	Boolean	Rolls over prinicipal	Mandatory
AccountOpenningTrackingRef	String	Fixed deposit reference	Mandatory
InterestAccrualCommenceDate	Date	Start date of interest accrual	Mandatory

Expected Request

{
   "IsDiscountDeposit": true,
  "InterestRate": 7,
  "Amount": "1000",
  "Narration": "fixeddep",
  "Tenure": 30,
  "CustomerID": "004053",
  "ProductCode": "301",
  "LiquidationAccount": "1100040534",
  "ApplyInterestMonthly": true,
  "ApplyInterestOnRollOver": true,
  "ShouldRollOver": true,
  "AccountOpenningTrackingRef": "fixeddeptest2",
  "InterestAccrualCommenceDate": "2023-08-20"
}

Expected Response

If the request is successful, it returns a status code of 200 with a response body.

{
 
  "IsSuccessful": true,
  "CustomerIDInString": null,
  "Message": "Fixed Deposit Account was created Successfully.",
  "TransactionTrackingRef": "fixeddeptest2",
  "Page": null

}

Note

ApplyInterestMonthly and AppyInterestRollover cannot be same value, one has to be False and the other True

You can check out API reference to Create Fixed Deposit Account

Updated 8 months ago