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https://issues.apache.org/jira/browse/FINERACT-1729?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Frank Nkuyahaga closed FINERACT-1729.
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Resolution: Duplicate
Closing this as it's been fixed in
https://issues.apache.org/jira/browse/FINERACT-1755
> Overdraft Interest Calculated Wrongly
> -------------------------------------
>
> Key: FINERACT-1729
> URL: https://issues.apache.org/jira/browse/FINERACT-1729
> Project: Apache Fineract
> Issue Type: Bug
> Reporter: Frank Nkuyahaga
> Priority: Blocker
> Attachments: Screenshot 2022-09-08 at 10.16.51.png
>
>
> *Steps to Reproduce*
> # Create a savings account with overdraft setup (say 365% per year which is
> approx. 1% per day)
> # Make a withdrawal to take the account into overdraft. Backdate this
> withdrawal a few days
> # Run the interest posting job
> # Go back to the account and observe the interest postings
> *Expected*
> Interest should be posted correctly for all the days since the withdraw date
> to the current date. That means, the interest posted on the first day should
> affect the end of day balance for the first day and this should be taken into
> account when posting interest for the second day and so on.
> *Actual*
> The overdraft interest amount is wrong and it's the same for all the days.
> See attachment.
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