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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] [Created] (FINERACT-678) FD - Cumulative Interest Calculation

Girish Kumar P A created FINERACT-678:
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             Summary: 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


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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