Create Transaction Limits

Introduction

This option will allow the administrator to create transaction limits for users.  Administrator can define the value of the limits applicable either on a daily, weekly, monthly or yearly basis and the number of transactions that will be allowed for the frequencies.  Also limits could be specific to the channel through which the transactions are being initiated.

Navigation

The following is the navigation for this option:

• Click Create New in the Transaction Limits screen.

or

• Click Create New in the Transaction Limits List screen.

• The Create Transaction Limits screen is displayed.

What you can do

The table below provides a brief description of the data that should be entered on the screen and the functions you can perform:

Field

Description

Bank ID

The ID of the bank for which specific limit records are retrieved.

Limit Scheme

The limit scheme to be linked can be selected from the drop down menu. The limit schemes are attached at the user level.

Note:

This is common code of code type LSH.

Effective Transaction Type

The effective transaction type drop-down. The type is set by the administrator using the Common Codes option.

Significance:

The effective transaction type can be mapped to multiple transaction types. One transaction type can also be mapped to multiple effective transaction types.

Currency

The limits will be created in the home currency.  The home currency will be displayed. This is a non editable field.

Limit with 2 factor Security

Specify whether the limits being maintained are with 2 factor security or not.

Valid Values:

Yes

No

Transaction Limits allowed can be different with 2 factor security and without 2 factor security. The same can be accordingly defined.

Channel Type

The limits can also be channel specific.  The channel can be selected from the drop down menu.  Depending on the channel being selected, the limits will be applicable to the transactions being done through that channel.

Note:

The screen is divided into four columns - Daily Limit, Weekly Limit, Monthly Limit and Yearly Limit. Each of these columns have the following fields.

Enabled Flag

Indicates if the limit is enabled for the specified period.

Valid Values:

Yes

No

 Limit Amount

The amount set as the limit amount.

No of Txns

The limit set for the number of transactions that can be done for each period.

Start Day

The day or date from when the limit is effective.

Note:

This field is not available in the Daily Limit column.

Note:

The following fields are not part of the frequency columns.

Limit Start Date

The date from which the limits come into effect.

Limit End Date

The date on which the limits stop being effective.