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Posted to issues@fineract.apache.org by "Robert Jakech (Jira)" <ji...@apache.org> on 2022/11/03 13:01:00 UTC

[jira] [Updated] (FINERACT-678) FD - Cumulative Interest Calculation

     [ https://issues.apache.org/jira/browse/FINERACT-678?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Robert Jakech updated FINERACT-678:
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    Labels: Roadmap2022  (was: )

> FD - Cumulative Interest Calculation
> ------------------------------------
>
>                 Key: FINERACT-678
>                 URL: https://issues.apache.org/jira/browse/FINERACT-678
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Savings
>            Reporter: Girish Kumar P A
>            Priority: Major
>              Labels: Roadmap2022
>
> As per the Banks, They won't calculate the Fixed Deposit Interest on a Daily or Daily Average balance (Went to the bank for clarification) all the banks either do a simple interest calculation or on a Monthly, Quarterly, Halfyearly and Annually (cumulative) basis. 
> I think Mifos needs to deploy this addition to the current version.
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