[Mifos-issues] [JIRA] (MIFOSX-1368) In Loans excess repayment is not getting repaid properly if Repayment Strategy is RBI

subramanya (JIRA) Sun, 22 Jun 2014 23:26:22 -0700

Title: Message Title

subramanya created an issue

MIFOSX-1368

Issue Type:	Bug
Affects Versions:	1.23.0.RELEASE
Assignee:	Madhukar Lingala
Attachments:	Scr-222.png
Components:	Loan
Created:	22/Jun/14 11:24 PM
Fix Versions:	1.24.0.RELEASE
Priority:	Critical
Reporter:	subramanya

1. Create a backdated loan on 01 April 2014 as disbursement date for a client.
while submitting the loan application select "Repayment Strategy" as "RBI (India)" , monthly repayment so that 1st repayment falls on 01 May 2014.
2. On 02 May 2014 make repayment of 190 (due was 189.12)
> Since excess repayment is made all previous dues should get paid first.
> It is taking interest of previous repayment + Interest of immediate next repayment then the remaining amount is getting deducted in principal of previous repayment.

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[Mifos-issues] [JIRA] (MIFOSX-1368) In Loans excess repayment is not getting repaid properly if Repayment Strategy is RBI

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