There are certain operational processes which mitigate the publishing of incorrect rates.
1. DepositBook Operations team reviews all rates to ensure that they appear consistent with previously published rates as well as in comparison to rates published by other Banks. We will highlight any obvious inconsistencies on a best efforts basis to the Partner Bank.
2. There is a 30 minute "hold" period before the rates are published on our Platform. During this time, an email with the proposed rates are sent to all authorizers within the Partner Bank wherein any of the authorizers can revert within the said time of 30 minutes with any amendments. In spite of these controls, in case the rates published need to be amended, the Partner Bank can revise these rates at any time.
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