Limits
Bank can put restrictions on the transactions initiated by customers from channel. Bank applies different type of limits on different transactions. These limits may vary depending on user / customer type.
There are different types of limits which are:
- Permitted number of transactions in a day
- Cumulative amount of transactions in a day
- Minimum amount for a transaction
- Maximum amount for a transaction
Limits function allows a retail user to view the daily limits assigned by Bank and utilized by the user for various transactions. User can edit and reduce cumulative transaction amount limit offered by the bank for individual transaction. The user can also reduce the maximum transaction count limit offered by the bank for individual transaction.
Further modification of limits will be allowed up to the limits offered by Bank for each transaction. Updated limits will be applicable from next calendar day.
Pre-requisites
User must have an active CASA
Current Account or Savings Accounts are operative accounts through which account holders perform day to day operations such as deposits and withdrawal of money. relationship with Bank
Features supported in Application
- View Transaction Limits: Daily and monthly
- Reduce cumulative daily amount limit for each transaction
- Reduce cumulative daily count limit for each transaction
How to reach here:
Dashboard > Toggle Menu > Limits
Limits –View
Logged in Retail user can view the transaction limits offered by the bank for each transaction using this option.
Daily Limits
Field Description
|
Field Name |
Description |
|---|---|
|
Transaction |
Name of the transaction for which user limits are displayed. |
|
Min Amount |
The per transaction limit - minimum amount. |
|
Max Amount |
The per transaction limit - maximum amount. |
|
Daily Count Transaction initiation limits allocated to you |
|
|
Utilized |
The daily transaction count, utilized by the user for the transaction. This is represented in a line graph - with a (colored) utilized amount (numeric figure below it) and the last point of the line denotes the limit allocated by the Bank (numeric figure below it). |
|
Remaining |
The remaining transaction count left after the user has utilized its daily count limits. |
|
Total |
The maximum transaction count limit offered by the bank for individual transaction during a day. |
|
Monthly Count Cumulative transaction initiation limits allocated to you |
|
|
Utilized |
The monthly transaction count, utilized by the user. This is represented in a line graph - with a (colored) utilized amount (numeric figure below it) and the last point of the line denotes the limit allocated by the Bank (numeric figure below it). |
|
Remaining |
The remaining transaction count left after the user has utilized its monthly count limits. |
|
Total |
The maximum transaction count limit offered by the bank for individual transaction during a month. |
|
Daily Limit |
|
|
Utilized |
The daily amount for the transaction, utilized by the user. This is represented in a line graph - with a (colored) utilized amount (numeric figure below it) and the last point of the denotes the limit allocated by the Bank (numeric figure below it). |
|
Remaining |
The remaining transaction amount left after the user has utilized its daily amount limits. |
|
Total |
The maximum transaction amount limit offered by the bank for individual transaction during a day. |
|
Monthly Limit |
|
|
Utilized |
The monthly transaction amount, utilized by the user for the transaction. This is represented in a line graph - with a (colored) utilized amount (numeric figure below it) and the last point of the line denotes the limit allocated by the Bank (numeric figure below it). |
|
Remaining |
The remaining transaction amount left after the user has utilized its monthly count limits. |
|
Total |
The maximum transaction amount limit offered by the bank for individual transaction during a month. |
- Click to edit the limits.
Daily and Monthly Limits – Edit
Logged in Retail user can edit the transaction limits offered by the bank for each transaction using this option. User can also reset to Bank limits, to restore the bank’s limits for the transaction.
To edit the daily limits:
- In the Daily Limits screen, click against the transaction for which you want to change the limits.
Daily Limits - Edit
Field Description
|
Field Name |
Description |
|---|---|
|
Transaction |
Name of the transaction for which user limits are displayed. |
|
Minimum Amount |
The per transaction limit - minimum amount. |
|
Maximum Amount |
The per transaction limit - maximum amount. |
|
Daily Count Transaction initiation limits allocated to you |
|
|
Utilized |
The daily transaction count, utilized by the user for the transaction. This is represented in a line graph - with a (colored) utilized amount (numeric figure below it) and the last point of the line denotes the limit allocated by the Bank (numeric figure below it). |
|
Remaining |
The remaining transaction count left after the user has utilized its daily count limits. |
|
Total |
The maximum transaction count limit offered by the bank for individual transaction during a day. |
|
Monthly Count Cumulative transaction initiation limits allocated to you |
|
|
Utilized |
The monthly transaction count, utilized by the user. This is represented in a line graph - with a (colored) utilized amount (numeric figure below it) and the last point of the line denotes the limit allocated by the Bank (numeric figure below it). |
|
Remaining |
The remaining transaction count left after the user has utilized its monthly count limits. |
|
Total |
The maximum transaction count limit offered by the bank for individual transaction during a month. |
|
Daily Limit |
|
|
Utilized |
The daily amount for the transaction, utilized by the user. This is represented in a line graph - with a (colored) utilized amount (numeric figure below it) and the last point of the line denotes the limit allocated by the Bank (numeric figure below it). |
|
Remaining |
The remaining transaction amount left after the user has utilized its daily amount limits. |
|
Total |
The maximum transaction amount limit offered by the bank for individual transaction during a day. |
|
Monthly Limit |
|
|
Utilized |
The monthly transaction amount, utilized by the user for the transaction. This is represented in a line graph - with a (colored) utilized amount (numeric figure below it) and the last point of the line denotes the limit allocated by the Bank (numeric figure below it). |
|
Remaining |
The remaining transaction amount left after the user has utilized its monthly count limits. |
|
Total |
The maximum transaction amount limit offered by the bank for individual transaction during a month. |
- Modify the values in Count and Amount field if required.
OR
Click, if you want to change the limits back to the limits offered by the Bank.
Bank offered limits will be auto populated for a transaction. - Click to save the changes.
OR
Click to cancel the operation and navigate back to ‘Dashboard’. - Click . A message confirming you to submit the changes with options buttons as ‘Yes’ and ‘No’ appears.
-
Click to cancel the updates.
-
Click to confirm the updates.
The success message of limit update appears.
OR
Click to cancel the operation and navigate back to ‘Dashboard’.
FAQs
Can the customer change the daily and monthly limits pre set by bank?