Are you referring to automatic penalties? On Fri, 21 Jun 2019, 14:50 Santosh Math, <[email protected]> wrote:
> Hi Saransh, > > When the account is overdue/arrears penalties are applied based on the > arrears and penalty definition. When the account is overdue/NPA , penalties > should not be applied. > > > On Fri, Jun 21, 2019 at 2:01 PM Saransh Sharma <[email protected]> > wrote: > >> Hi, I have a question >> >> 1. When the account is overdue then it should stop applying >> fees/penalties and charges >> 2. In case of NPA also when in. applying penalties (automatic) one. >> >> On Thu, Jun 13, 2019 at 12:22 AM Zayyad A. Said < >> [email protected]> wrote: >> >>> That’s great to hear that it can be fixed asap. >>> >>> >>> >>> Will appreciate if we can get a quick fix for it, our clients are really >>> frustrated on this. >>> >>> >>> >>> Regards; >>> >>> >>> >>> ********* >>> >>> *Zayyad A. Said | Chairman & C.E.O* >>> >>> >>> >>> Cell No.: +254 716 615274 | Skype: *zsaid2011* >>> >>> Email: [email protected] >>> >>> Schedule Meetings: https://calendly.com/zayyadsaid >>> >>> [image: Description: Email banner] >>> >>> >>> >>> *From:* Saransh Sharma [mailto:[email protected]] >>> *Sent:* 12 June 2019 04:25 PM >>> *To:* Dev; Mexina Daniel >>> *Cc:* Zayyad A. Said; Mifos software development >>> *Subject:* Re: [Mifos-developer] Overdues for NPA >>> >>> >>> >>> I think I can fix this issue asap. >>> >>> >>> >>> On Wed, 12 Jun 2019, 17:50 Mexina Daniel, <[email protected]> wrote: >>> >>> Hello Zayyad >>> >>> this issue has already been reported on this ticket >>> https://issues.apache.org/jira/browse/FINERACT-687 >>> >>> Best Regards >>> >>> On June 12, 2019 at 1:52 AM "Zayyad A. Said" < >>> [email protected]> wrote: >>> >>> Hello Devs, >>> >>> >>> >>> In loan products configuration there is an option to define overdue days >>> for a loan to be classified as Non-Performing Asset (NPA). >>> >>> >>> >>> >>> >>> In my understanding and from my knowledge of the industry, a loan that >>> has been classified as NPA doesn’t attract any more charges or penalties >>> and the FI normally does effort to recover what’s due so that the loan can >>> either be reclassified as Performing or Closed. I want to believe this was >>> also the main reason of having this option in Mifos X. >>> >>> >>> >>> To my surprise, the system still charges interest & penalties even when >>> a loan has been overdue for more days than what has been specified as NPA >>> at the product level. >>> >>> >>> >>> Is this a bug or there is a configuration missing which should stop >>> further accruals? >>> >>> >>> >>> I have observed this in both versions 17.07.01 and 18.03.01 and the >>> behaviour is just the same. >>> >>> >>> >>> Could anyone who has successfully manage to get this feature working for >>> them come forward and advise how they configured the product. >>> >>> >>> >>> If it’s a bug, how can we get it resolved? We have a number of our >>> clients struggling with penalty accruals and waiving the same is a very >>> tedious exercise as they have to do it one by one. >>> >>> >>> >>> Regards; >>> >>> >>> >>> ********* >>> >>> *Zayyad A. Said | Chairman & C.E.O* >>> >>> >>> >>> Cell No.: +254 716 615274 | Skype: *zsaid2011* >>> >>> Email: [email protected] >>> >>> Schedule Meetings: https://calendly.com/zayyadsaid >>> >>> [image: Description: Email banner] >>> >>> >>> >>> >>> >>> >>> Mifos-developer mailing list >>> [email protected] >>> Unsubscribe or change settings at: >>> https://lists.sourceforge.net/lists/listinfo/mifos-developer >>> >>> >> >> -- >> >> >> Saransh Sharma >> >> >> >> ---------------------------------------------------------------------------------------------- >> >> The idea of separation of me and you is amazing. >> >> ---------------------------------------------------------------------------------------------- >> >> >> > > > -- > Thanks & Regards > > Santosh Math > > *QA Engineer* > > *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* > | *Office*: +91-080-41208662 | > > *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, > Bengaluru, Karnataka, 560043 INDIA >
