Airsay created FINERACT-1185:
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Summary: Interest Posting on Anniversary Dates
Key: FINERACT-1185
URL: https://issues.apache.org/jira/browse/FINERACT-1185
Project: Apache Fineract
Issue Type: New Feature
Affects Versions: 1.4.0
Reporter: Airsay
Fix For: 1.5.0
"Anniversary" Interest posting period. Some clients don't necessarily post
interest on the last day of the week, or month or quarter. What they do is post
interest on the "anniversary" date. So for a fixed deposit or recurring deposit
account opened on the 1st of the month, interest is posted on the first of the
month for monthly interests. Those opened say on the 29th are posted on the
29th (or the last day of the month if that month doesn't have 29 days like
February). A similar thing is done for quarterly or bi-annual postings.
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