This synchronous API extract in real-time relevant information from Current Account Agreement document such as Identity of Partner, Amount of Contribution, Interest Rate, Repayment Terms, Repayment Duration, Possible Guarantees, Specific Clauses, Renewal Conditions, Provisions for Bad Debts, Interest Calculation Method, Subscription Date, Due Date, Default Clauses, Resolution Clauses, and Interest Rate Revision Terms.
The API model also performs verification checks in order to control Document Validity and Data consistency.
Maximum file size: 5 MB. Maximum number of calls per minute: 10 calls.
For better results, it is highly recommended to provide documents under these properties :
- The image resolution should be greater than 200 DPI
- The document must not be blurred or rotated
- In case of a photo document, make sure that the text area does not contain any highlights or shadows
- The entire document must be in the frame
Extracting information from Current Account Agreement documents is important for various reasons. Verifying this type of document ensures the accuracy and validity of the information provided by the account holder. It helps in preventing fraud and ensuring compliance with regulatory requirements.
The key information extracted from Current Account Agreement documents includes:
- Identity of Partner: The name and identification details of the account holder or partner.
- Amount of Contribution: The monetary value contributed by the account holder or partner.
- Interest Rate: The rate at which interest is calculated on the account balance.
- Repayment Terms: The terms and conditions for repaying any borrowed funds.
- Repayment Duration: The duration or period within which the borrowed funds must be repaid.
- Possible Guarantees: Any collateral or guarantees provided by the account holder or partner.
- Specific Clauses: Any specific clauses or conditions mentioned in the agreement.
- Renewal Conditions: The conditions for renewing the account agreement.
- Provisions for Bad Debts: Any provisions made for potential bad debts or non-payment.
- Interest Calculation Method: The method used to calculate interest on the account balance.
- Subscription Date: The date on which the account agreement was subscribed or initiated.
- Due Date: The date on which any payments or obligations are due.
- Default Clauses: Clauses or conditions related to default or non-compliance.
- Resolution Clauses: Clauses or conditions related to dispute resolution.
- Interest Rate Revision Terms: The terms and conditions for revising the interest rate.
