The value date is the date when you expect the funds to reach the Partner Bank for deposit placement and confirmation. An indicative value date can be set at the time of generating a deposit order and can only be set for within the next 30 days from the date of generating the order. The actual value date will be confirmed by the Partner Bank once the funds are received. The Depositor will need to ensure the funds are remitted in time to meet the indicated value date since any delay could result in charges by the Partner Bank. DepositBook Platform has built-in controls to send reminders to the Depositor; however, the ultimate responsibility to ensure that the funds are received by the Partner Bank on the value date is that of the Depositor.
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