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https://issues.apache.org/jira/browse/FINERACT-521?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Shaik Nazeer Hussain resolved FINERACT-521.
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Resolution: Fixed
Assignee: Santosh Math (was: Markus Geiss)
Fix Version/s: 1.1.0
> OD Limit Utilization - Insufficient funds to complete the transaction
> ---------------------------------------------------------------------
>
> Key: FINERACT-521
> URL: https://issues.apache.org/jira/browse/FINERACT-521
> Project: Apache Fineract
> Issue Type: Bug
> Components: Loan
> Affects Versions: 1.0.0
> Reporter: G S VIJAY RAAJAA
> Assignee: Santosh Math
> Fix For: 1.1.0
>
> Attachments: Screen Shot 2017-09-08 at 1.29.56 PM.png, Screen Shot
> 2017-09-08 at 1.30.11 PM.png, Screen Shot 2017-09-08 at 1.30.20 PM.png,
> Screen Shot 2017-09-08 at 1.30.43 PM.png
>
>
> The following scenario would land up to the issue;
> Prerequisite :
> 1. Saving account : Over draft availability with net interest charge .
> 2. No positive interest on the balance of savings account.
> 3. Interest compounding period - Monthly
> 4. Interest is calculated using Daily Balance.
> Scenario:
> 1. In a overdraft setup where a limit is put to place, the user withdraws the
> overdraft limit completely.
> 2. Post the overdraft interest posting, the negative balance further crosses
> him limit.
> 3. In this scenario, even when the user repays the outstanding due
> completely, he is not able to withdraw from the Overdraft limit post this.
> Example :
> From the screenshots attached;
> The user has a overdraft limit of 71000 and is charged at 24% . On 01
> September 2017 , the interest posting took place and the outstanding balance
> crossed his overdraft limit. He also repaid the complete due and currently
> has a positive balance of 1027.23. As per the setup he should be able to
> withdraw 71000 ( OD limit ) +1027.23 ( outstanding balance ). When he
> withdraws RS:10 on 08 September 2017, the system throws Insufficient funds to
> complete the transaction.
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