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1. Create a fixed deposit product with the rate of interest as 8% per year.
2. Create a client and submit the above mentioned Fixed Deposit with the following datasets.
Interest compounding - Daily,
Interest posting - Monthly, using daily balance method, no. of days in year - 365. Deposit period - 45 days, submitted on 31 January 2014.
> approve and activate on same date.
3. Post the interest for the above mentioned account.
4. Click on the transaction page in which interest is posted for 01 February 2014 and 01 March 2014.
Expexted result:
Since the maturity date is 17 March 2014 the interest should get calculated upto 17 March 2014 and should get posted on same date of maturity or end of month.
Actual Result:
Interest is not getting calculated after 01 March 2014.
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