Issue Type: New Feature New Feature
Assignee: Madhukar
Components: Deposit Product
Created: 05/Oct/12 1:08 AM
Description:

Please refer to Use Case XIV: Fixed deposit Lock-in Period

Financial Institutions define a lock-in period for a Fixed deposit product. If customer wish to withdraw the Fixed deposit are entitled to honor the Lock-in period function to avail interest for the Date of Deposit account to withdrawal date with the pre-maturity interest rate.

Customer will also be penalized heavily if they do not want to honor the lock-in period.

Case 1: If "Lock-in Period" selection while adding the Fixed deposit account
If customer comes to withdraw FD before the lock-in period, user should be prompted about the lock-in period.

Calculate interest with pre-closure interest rate.
Calculate penalty / pre-closure charges based on the pre-closure product definition
Post a withdraw entry with FD amount & Interest
Post a pre-closure penalty entry

Project: Mifos X
Priority: Minor Minor
Reporter: hugotechnologies
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