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https://issues.apache.org/jira/browse/FINERACT-1567?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=17532478#comment-17532478
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Francis Guchie edited comment on FINERACT-1567 at 5/5/22 6:38 PM:
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[~rrpawar]  & [~ikimbrah] 
There are situations in west Africa (where recurring deposits are being used a 
lot for target savings). Customers are not being given interest, however, when 
the customer wants to prematurely close the account, they are penalized. 

i think we now have to look into making this an option to charge the penalty on 
amount on the given options below

!image-2022-05-05-21-37-31-959.png|width=603,height=323!


was (Author: francisguchie):
[~rrpawar]  & [~ikimbrah] 
There are situations in west Africa (where recurring deposits are being used a 
lot for target savings). Customers are not being given interest, however, when 
the customer wants to prematurely close the account, they are penalized. 

i think we now have to look into making this an option to charge the penalty on 
amount on the given options below

!image-2022-05-05-21-37-31-601.png!!image-2022-05-05-21-37-31-959.png!

> Apply penal interest For Pre-mature Closure
> -------------------------------------------
>
>                 Key: FINERACT-1567
>                 URL: https://issues.apache.org/jira/browse/FINERACT-1567
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Savings
>            Reporter: Francis Guchie
>            Assignee: Rahul Pawar
>            Priority: Major
>         Attachments: For Pre-mature Closure Apply Penal Interest.jpeg, 
> image-2022-04-06-10-23-58-789.png, image-2022-05-05-21-37-31-601.png, 
> image-2022-05-05-21-37-31-959.png
>
>
> !For Pre-mature Closure Apply Penal Interest.jpeg!



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