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Posted to issues@fineract.apache.org by "Girish Kumar P A (JIRA)" <ji...@apache.org> on 2018/12/17 13:03:00 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 ]
Girish Kumar P A updated FINERACT-678:
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Description:
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.
was:
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.
> FD - Cumulative Interest Calculation
> ------------------------------------
>
> Key: FINERACT-678
> URL: https://issues.apache.org/jira/browse/FINERACT-678
> Project: Apache Fineract
> Issue Type: Bug
> Components: Savings
> Reporter: Girish Kumar P A
> Priority: Major
>
> 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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