Hi Devs,

 

A JIRA ticket has been created for this request 
https://issues.apache.org/jira/browse/FINERACT-848 .

 

Will appreciate if one can quickly pick this up and code the solution.

 

Regards;

 

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Cell No.: +254 716 615274 | Skype: zsaid2011

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From: [email protected] <[email protected]> 
Sent: Monday, February 17, 2020 7:48 PM
To: [email protected]; [email protected]
Cc: 'Mifos software development' <[email protected]>
Subject: RE: [Mifos-developer] Interest Rate Chart - Deposit Product

 

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:  <mailto:[email protected]> 
[email protected] 

Schedule Meetings:  <https://calendly.com/zayyadsaid> 
https://calendly.com/zayyadsaid 



 

From: [email protected] 
<mailto:[email protected]>  <[email protected] 
<mailto:[email protected]> > 
Sent: Monday, February 17, 2020 12:29 PM
To: [email protected] <mailto:[email protected]> ; 
[email protected] <mailto:[email protected]> 
Cc: 'Mifos software development' <[email protected] 
<mailto:[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:  <mailto:[email protected]> 
[email protected] 

Schedule Meetings:  <https://calendly.com/zayyadsaid> 
https://calendly.com/zayyadsaid 



 

From: Santosh Math <[email protected] 
<mailto:[email protected]> > 
Sent: Monday, February 17, 2020 7:36 AM
To: Dev <[email protected] <mailto:[email protected]> >
Cc: Mifos software development <[email protected] 
<mailto:[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] 
<mailto:[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:

 



 

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] 
<mailto:[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:

 



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. Said | Chairman & C.E.O

Cell No.: +254 716 615274 | Skype: zsaid2011

Email:  <mailto:[email protected]> 
[email protected] 

Schedule Meetings:  <https://calendly.com/zayyadsaid> 
https://calendly.com/zayyadsaid 



 

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