# Update Fixed Deposit

To update an existing fixed deposit account, you need to make a POST request to the specified endpoint, including the necessary URL path parameters. Additionally, you should pass the required payload in the request body, such as the existing fixed deposit `id` , `applicableInterestRate`,  and any other relevant fields that need to be updated.

<mark style="color:orange;">`PUT`</mark>` ``/api/fixeddepositaccount/v1/update`\
\
A successful request will return a confirmation message in the response.\
\
This process allows you to modify the details of an existing fixed deposit account.

**Headers**

| Name                                            | Value                |
| ----------------------------------------------- | -------------------- |
| Content-Type<mark style="color:red;">\*</mark>  | `application/json`   |
| Authorization<mark style="color:red;">\*</mark> | `Bearer <token>`     |
| Request-Reference                               | `{unique-reference}` |

**Body**

<table><thead><tr><th width="174">Name</th><th width="174">Data Type (length)</th><th width="100" data-type="checkbox">Required</th><th>Description</th></tr></thead><tbody><tr><td><code>id</code></td><td>string</td><td>true</td><td>The unique identifier for the fixed deposit (Guid)</td></tr><tr><td><code>useProductInterestRate</code></td><td>boolean</td><td>false</td><td>Set <code>true</code> to use the default interest rate of the product and false for no</td></tr><tr><td><code>applicableInterestCode</code></td><td>string <a data-footnote-ref href="#user-content-fn-1"><em>(3)</em></a></td><td>false</td><td>The interest code should be applied if you are not using the product's default interest rate.</td></tr><tr><td><code>applicableInterestRate</code></td><td>integer</td><td>true</td><td>The interest rate to apply if not using the product's default<br><br><em><mark style="color:orange;">The percentage must be rounded to a maximum of three decimal places.</mark></em></td></tr><tr><td><code>partLiquidationCharge</code></td><td>integer</td><td>false</td><td>The charge applied if the fixed deposit is partially liquidated<br><br><em><mark style="color:orange;">The percentage must be rounded to a maximum of three decimal places.</mark></em></td></tr><tr><td><code>holdFundAtMaturity</code></td><td>boolean</td><td>false</td><td>Indicates whether to hold the funds in the account at maturity, Set true  for <code>yes</code> and <code>false</code> for no</td></tr><tr><td><code>applyRollover</code></td><td>boolean</td><td>false</td><td>Indicates whether to apply rollover at maturity</td></tr><tr><td><code>rolloverOption</code></td><td>string</td><td>false</td><td>The rollover option to apply <br><br>The enumerations are:<br><code>1</code> = RolloverPrincipalOnly<br><code>2</code> = RolloverPrincipalAndInterest</td></tr></tbody></table>

<details>

<summary>Sample Request</summary>

```json
curl --location -g --request PUT '{{baseurl}}/api/fixeddepositaccount/v1/update' \
--header 'Authorization: bearer {token}' \
--header 'request-reference: {unique_reference}' \
--header 'Content-Type: application/json' \
--data '{
  "id": "3fa85f64-5717-4562-b3fc-2c963f66afa6",
  "useProductInterestRate": true,
  "applicableInterestCode": "string",
  "applicableInterestRate": 0,
  "partLiquidationCharge": 0,
  "holdFundAtMaturity": true,
  "applyRollover": true,
  "rolloverOption": "string"
}'
```

</details>

<details>

<summary>Respose: <code>200</code></summary>

```json
{
  "status": true,
  "message": "string"
}
```

</details>

[^1]: This is the maximum number of characters allowed.


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