5 Limits Definition
This topic describes the process by which banks define transaction limits, establishing restrictions based on both amount and duration, for user-initiated transactions.
As part of limits definition maintenance, following limits can be defined:
- Transaction: It is the initiation limit with minimum and maximum amount defined
- Cumulative: It is the collective transaction amount limit for all the transactions that can be performed during a day and maximum number of transaction in a day
Limit package maintenance allows the administrator to map these definitions to every transaction.
Pre-requisites
- Transaction access is provided to Corporate Administrator.
- Approval rule set up for Corporate Administrator to perform the actions.
Features supported in application
Using this option Corporate Administrator can perform the following actions:
- From Corporate Administrator Dashboard, click
Toggle Menu, then click Menu, and
then click Onboarding.
Under Limits, click Limits Definition.
- Limits Definition - View
This topic provides the systematic instructions for corporate administrators to locate specific limits based on various search parameters. - Limits Definition - Create
This topic provides the systematic instructions for corporate administrators to create limits as needed. - Limits Definition - Delete Limit
This topic provides the systematic instructions for corporate administrators to delete created limits, with the restriction that a limit definition can only be deleted if it is not currently in use or included in any limit package.