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Test data:
Create a saving product with the following data.
Savings Certificates
Currency: US Dollar
Nominal annual interest rate %: 8%
Interest compounding period: Daily
Interest posting period: Monthly
Interest calculated using: Daily Balance
No. Days in Year: 365 Days
Annual fee: $100.00 On: 01 September
Deposit 1000 as min. opening balance.
account activation on 01 September 2013.
Pre-Condition:
Create a Office, Client, Charges and a Saving Product
Description:
1. Activate the Savings product on 01 September 2013 and apply annual fee on same date.
2. Click on calculate interest and post interest.
Expected Result:
Since closing balance on 01 September 2013 is 900 (1000-100) the interest should get calculated and posted on 01 Oct 2013.
Actual Result:
No interest is getting posted on 01 Oct 2013.
Screen shot is attached for clarity.
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