Dayna Harp created FINERACT-40:
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Summary: Savings Product Configurations-Multiple
Key: FINERACT-40
URL: https://issues.apache.org/jira/browse/FINERACT-40
Project: Apache Fineract
Issue Type: Improvement
Reporter: Dayna Harp
Assignee: Markus Geiss
Priority: Minor
https://mifosforge.jira.com/browse/MIFOSX-2274
This is broken out of single document found in:
https://mifosforge.jira.com/browse/MIFOSX-2171
Active
This box should be checked if the product is available to customers (normal
situation) but is should be unchecked if a product is discontinued and no new
accounts should be opened.
Allow multiple accounts
If one customer can have multiple accounts of this product especially when
product mix is allowed, then this box should be checked. If a customer is
allowed only one account then this box should be unchecked.
CID numbering
This box is selectable only if you have UNchecked "Allow Multiple Accounts".
In that case you can choose to have account numbers use the CID number as its
serial part. Check this box only if you want to account number to be of the
form AP-CCCCC-D for this product.
Age Restrictions
Select from the lookuplist the age restriction, or none
Passbook
Check this box if the product is a with-passbook product.
No-book Transactions
Defines, what happens, if customer does not have a passbook for an accounts
that has a passbook. Select from the lookup list the applicable option:
- Deposit and withdrawals allowed
- Only Deposits
- Not permitted
Cheque deposits
Select from the list the applicable option
- accepted
- only cash cheques
- not accepted
Cheque books
Check this box if cheque books will be available for this product
Minimum Hold Balance
This is an enhancement for minimum balance amount that should be maintained in
an account of this product. This balance should not be able to be withdrawn by
customer
Force cheque
Check this box if from this product withdrawals will be allowed exclusively by
cheque.
Maximum Balance
Enter the maximum balance allowed for this product. If unlimited, enter
999,999,999,999.99 (or the highest possible amount if your currency uses no
decimals).
Charge If Balance Less Than
If this setting is set then the ledger fee at End of Month will be charged only
if the account balance is below the defined limit.
Tax on interest
If withholding tax is applied to interest payments, check this box, otherwise
uncheck. The withholding tax will be applied as per the customer tax code, so
that selected customers may still be tax exempt for this product, even when
withholding tax applies.
Interest on dormant
Check this box if interest is payable on a dormant account of this product. If
interest is not payable, the uncheck.
Pay on closing
Some banks do not pay interest for the current interest capitalization period
if an account is closed.
For example, if interest is capitalized quarterly and an account is closed on
20 November, then no interest is paid for the period from 1 October to 20
November.
Check this box, if accrued interest should be paid to the customer when closing
an account of this product. If interest is not payable, then uncheck.
Free Withdrawals Allowed
This field can be used to limit a number of penalty free withdrawals from an
account. If the number of withdrawals in any month exceeds this number then all
interest for this month is forfeited.
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