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Posted to issues@fineract.apache.org by "bharath gowda (Jira)" <ji...@apache.org> on 2022/10/29 12:51:00 UTC

[jira] [Updated] (FINERACT-848) Add ability to define custom interest rate in fixed and recurring deposit accounts

     [ https://issues.apache.org/jira/browse/FINERACT-848?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

bharath gowda updated FINERACT-848:
-----------------------------------
    Labels: Roadmap2022 features  (was: features)

> Add ability to define custom interest rate in fixed and recurring deposit accounts
> ----------------------------------------------------------------------------------
>
>                 Key: FINERACT-848
>                 URL: https://issues.apache.org/jira/browse/FINERACT-848
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Savings
>    Affects Versions: 1.1.0, 1.2.0, 1.3.0
>            Reporter: Zayyad A. Said
>            Priority: Major
>              Labels: Roadmap2022, features
>
> Many MFIs offering  Fixed Deposits and Recurring Deposits give different interest rates to their depositors based on negotiation ability of the depositor.
> Currently interest rate chart is defined at product level with no flexibility to amend the rate at account level making it difficult for such MFIs to use Mifos X for their operations.
> We need to have the interest rate defined when opening a deposit account that will override the rate defined at product level.



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