Hi Dev, I agree with Zayyad, there needs to be flexibility in defining interest rate for Fixed Deposit at account level (During FD Account opening). Yes some clients can bargain for an interest rate and management of the MFI can accept it .
I think if we can create interest rate chart when opening a deposit account > then this would solve their pain point. There should just be an interest rate field instead of creating interest rate chart here for manually inputting the bargained rate which must override the Interest rate in the interest rate chart at product level. Thanks Regards On Mon, Feb 17, 2020 at 7:48 PM <[email protected]> wrote: > Hello Devs, > > > > I am back again on this issue. > > > > Is there a possibility of defining interest rate for deposit products at > client account level? > > > > We have a client who informs me that they give different rates based on > bargaining power of their investor and this means the rate set at product > level would not always be the rate given. > > > > I think if we can create interest rate chart when opening a deposit > account then this would solve their pain point. > > > > Kindly advise if this is possible. > > > > 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:* [email protected] <[email protected]> > > *Sent:* Monday, February 17, 2020 12:29 PM > *To:* [email protected]; [email protected] > *Cc:* 'Mifos software development' <[email protected]> > *Subject:* RE: [Mifos-developer] Interest Rate Chart - Deposit Product > > > > Thanks Jun and Santosh, > > > > Was able to save after defining 0% rate for amount range 1 – 4,999/=. > > > > 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:* Santosh Math <[email protected]> > *Sent:* Monday, February 17, 2020 7:36 AM > *To:* Dev <[email protected]> > *Cc:* Mifos software development <[email protected]> > *Subject:* Re: [Mifos-developer] Interest Rate Chart - Deposit Product > > > > Hi Zayyad, > > I agree with Jun. You need to define interest rate for the amounts less > than 5000. If minimum amount requirement of FD is 5000 and FD application > has the amount less than 5000, it can be rejected. > > > > On Mon, Feb 17, 2020 at 5:48 AM Jun King Miñon <[email protected]> wrote: > > Hi Zayyad, > > > > The Interest Rate needs the user to explicitly define all the conditions > needed within it. Looking into your interest chart - the product does not > know what interest rate will be used in case the amount is less than 5000. > > Hence, you can try to add the following: > > > > [image: image.png] > > > > You should now be able to save the product. Cheers! > > > > Regards, > > > > Jun King P. Miñon > > Consultant Software Engineer > > Core Banking Solutions > > > > > > On Sun, Feb 16, 2020 at 10:00 PM <[email protected]> wrote: > > Hello Devs, > > > > I am trying to configure a deposit product with a monthly interest of 5% > but I keep getting an error when submitting: *Period/Amount range start > is incorrect for interest rate chart* > > > > The interest rate chart defined is as shown below: > > > > [image: A screenshot of a social media post Description automatically > generated] > > I have tried both Fixed Deposit and Recurring Deposit on Version 17.07.01 > and all gives same error. > > Kindly advise what could have been the issue or this could be a system bug > that requires fixing. > > Regards; > > ********* > > *Zayyad A. 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