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Precondition:
Create the savings product, Client & Office.
Test data:
Nominal annual interest rate %: 10
Interest compounding period: Daily
Interest posting period: Monthly
Interest calculated using: Daily Balance
No. Days in Year: 365 Days
Submitted on: 11 October 2013
Deposited on: 11 October 2013
Amount: 1000.
Description:
Click on the clients>>Select the created client>>Submit new savings application for that client>>Approve & Activate on the same date.
Deposit Amount: 1000 on the same date.
Expected Result:
Interest earned: 0
Actual Result:
Interest earned: 0.27 (As on same date)
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