7.4 FAQ

1. Can I delete transaction and/ or cumulative/ cooling period limit definitions against a transaction in limit package?

   No, existing limits against a transaction cannot be deleted; it can only be edited if effective date is starting from a future date..

2. Can I maintain multiple definitions for each limit type?

   Yes, you can maintain multiple limit definitions under each limit type.

3. What is a significance of defining different slab limits in case of cooling period limit type?
   Payee cooling period limit is a time and the amount limit set by the bank during which fund transfer is not allowed or allowed till the specified limit, to a newly added payee. Administrator can set up 2 or more time slabs to define the payee limits. E.g.

   • 0 mins to 30 Mins – Amount limit – $ 0
   • 31Min to 60 Mins – Amount limit is $ 5000.

   Customer cannot transfer any amount till first 30 mins from the time payee is added. From 31 to 60 mins, customer can maximum transfer upto $ 5000 subject to sufficient transaction and cumulative limits available.