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Issue Type:
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![Improvement]() Improvement
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Assignee:
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Madhukar
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Components:
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Deposit Product |
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Created:
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05/Oct/12 12:52 AM
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Description:
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Please refer to Use Case VII from wiki
Withdrawal and closure on Maturity of Deposit Account
A typical scenario is that the deposit account reaches the maturity date and the customer withdraws their deposit amount and accrued interest which effectively closes the deposit account.
Case I: Is Compounding Interest if selected
Fixed Deposit Amount + Interest Accrued for the Fixed term period gets computed and the amount is available to withdraw.
Case II: Simple Interest without "Is Interest Withdrawal" option
Fixed Deposit Amount + Interest Accrued for the Fixed term period gets computed and the amount is available to withdraw.
Case III: Simple Interest with "Is Interest Withdrawal" option
Fixed Deposit Amount + (Interest Accrued - Interest Withdraw) gets computed and the amount is available to withdraw. There wont be any Interest balance during withdraw if customer withdraws interest on regular intervals or withdraws complete interest.
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Project:
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Mifos X
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Priority:
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![Minor]() Minor
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Reporter:
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hugotechnologies
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