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## 5 Limits Definition

This topic describes the information about Limits Definition option.

Limits are defined by the bank to set up amount and duration based restrictions on the transactions that can be carried out by the user.

As part of limits definition maintenance, following types of limits can be defined:

- Transaction: It is the initiation limit with minimum and maximum amount defined typically for a user with role ‘Maker’
- Cumulative: It is the collective transaction amount limit for all the transactions that can be performed during a day/month and maximum number of transaction in a day/month
- Cooling Period: 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.
- Limit package maintenance allows the administrator to map these definitions to every transaction.

Pre-Requisites

- Transaction access is provided to System Administrator.
- Approval rule set up for System Administrator to perform the actions.

Figure 5-1 Workflow

Description of "Figure 5-1 Workflow"

Features Supported In Application

Using this option system administrator can perform the following actions:

- Search/ View Limits
- Create Limit
- Delete Limits

Navigation Path: Perform any one of the following navigation to access Limits Definition.

- From System Administrator Dashboard, under Limits widget, click Limits Definition.
- From Bank Administrator Dashboard, click Toggle Menu, then click Menu and then click Limits, Under Limits , click Limits Definition.

- Limits Definition - View
  This topic describes the systematic instruction to Limits Definition - View option. Using this option, administrator can search for particular limit based on different search parameters.
- Limits Definition - Create
  This topic describes the information about Limits Definition - Create option. Using this option, System Administrator can create a limit as required.
- Limits Definition - Delete Limit
  This topic describes the systematic instruction to Limits Definition - Delete Limit option. Using this option, System Administrator can delete a limit definition created earlier.
- FAQ