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http://mifosforge.jira.com/browse/MIFOS-2195?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]
Udai Gupta resolved MIFOS-2195.
-------------------------------
Resolution: Invalid
Fix Version/s: (was: Unscheduled)
Release 1.6.1
Scheduled For: Release
Assignee: Udai Gupta (was: mifosdeveloperqueue)
Team: Core
See
http://mifos.org/functional-specifications/system-processing/interest-calculations-savings-accounts
{quote}
"Minimum balance is calculated in this product by taking the balance at the
*beginning of every day* from 8/14 to 8/31 and whichever is lowest and not 0.
8/13 is not counted since money was deposited ON 8/13 and was technically not
counted as in the account until 8/14."
{quote}
So last day of interest calculation period counts only for beginning next day
which is not included in current interest calculation period but not next one
it does.
> Savings withdrawal on last day of posting period should be included in
> minimum balance calculation
> --------------------------------------------------------------------------------------------------
>
> Key: MIFOS-2195
> URL: http://mifosforge.jira.com/browse/MIFOS-2195
> Project: mifos
> Issue Type: Bug
> Components: Savings Account
> Affects Versions: Release 1.1
> Environment: Platform: All, OS: All
> Reporter: Kay Chau
> Assignee: Udai Gupta
> Priority: Major
> Fix For: Release 1.6.1
>
>
> Currently if you withdraw x amt of money from a savings account on the last
> day
> of a posting period, the interest calculation for that period will not take
> the
> withdrawal into account when taking minimum balance for that period.
> For example, if you had a balance of $500 up until the last day, and you
> withdraw $200, interest for that posting period will be calculated using the
> $500 balance instead of $300.
> Fix so that it does take the amt into account.
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