Flow in use

How we recreated the flow of deposits

semicircle
the Challenge

The absence of choice & convienence for investing in legacy banks

Opening an FD account meant lengthy paperwork and many other protocols that the millennials of today find totally cumbersome. They are on the constant lookout for simplified banking that is available at their fingertips.

the solution

Neo-banks offer ease along with diverse choices of banking products

Neo-Banks of today offer saving avenues like RD, FD, Term-deposits, NRI & NRO deposits, and so many options. These convenience and choices have made the Neo-banking platform like Finin a preferred choice of banking for the millennials.

end point overview

The process of opening new age deposits

overlay

API Response

Run
                            
                                {
                                    "mti": "0200",
                                    "pan": "5088830000000037",
                                    "processingCode": "311000",
                                    "transactionAmount": "0000000000000",
                                    "settlementAmount": null,
                                    "cardHolderBillingAmount": null,
                                    "dateTimeTransaction": "0412183004",
                                    "settlementConversionRate": null,
                                    "cardholderBillingConversionRate": null,
                                    "stan": "247972",
                                    "rrn": "242772502272",
                                    "timeLocalTransaction": null,
                                    "dateLocalTransaction": "183008",
                                    "expiryDate": null,
                                    "settlementDate": null,
                                    "conversionDate":null,
                                    "mcc": "6011",
                                    "channel": null,
                                    "acquiringCountryCode": "356",
                                    "posEntryMode": "901",
                                    "cardSeqNumber": null,
                                    "pointOfServiceConditionCode": "00",
                                    "feesAmount": null,
                                    "acquiringInstitutionCode": "720397",
                                    "forwardingInstitutionCode": null,
                                    "track2Data": "5088830000000037=2100520768000000000",
                                    "authorizationIdResponse": null,
                                    "responseCode": null,
                                    "serviceConditionCode": "520",
                                    "cardAcceptorTerminalId": "TEST1234",
                                    "cardAcceptorId": "TEST12345678901",
                                    "cardAcceptorNameLocation": "M2PBANK KARTHICK TNIN",
                                    "additionalResponseData": null,
                                    "track1Data": null,
                                    "additionalData48": "051005POS010520032940560023105800500999061030000000000000000012000000000000071042103.014.161.0050000000000000000000000003560770401000000000000000000000000000000000105200",
                                    "transactionCurrencyCode": "356",
                                    "settlementCurrencyCode": null,
                                    "cardholderBillingCurrencyCode": null,
                                    "pinData": "419E0B8AAD1D2B2F0000000000000000",
                                    "additionalAmount": "9090356D000000001000",
                                    "chipData": null,
                                    "adviceReasonCode": null,
                                    "posDataCode": "5116615GA000000400051AddressAddressAddres",
                                    "privateData1BiometricData": null,
                                    "privateData2EncryptedBiometricData": null,
                                    "networkManagementCode": null,
                                    "originalDataElement": null,
                                    "fileUpdateCode": null,
                                    "replacementAmount": null,
                                    "fileName101": null,
                                    "accountIdentification1": null,
                                    "accountIdentification2": null,
                                    "reservedForPrivateUse": nullrn
                                }
                                
                            
Explore other flows

In Banking

Accounts

Accounts

Open, control and manage Savings and Current accounts in seconds with our open API Banking platform.

Investments

Investments

Purchase Gold, invest in Mutual Funds and market linked products

Yap_Team
Payments | Fleet

Powering
your fleet's capabilities

Discover our flows
SwipeUp