Great question ... from what I can tell the options for cancellation are
just for informational purposes.  If an account is cancelled, it's
essentially closed and you can't make any more deposits or withdrawals
or reopen the account.

 

From: Ryan Whitney [mailto:rwhit...@grameenfoundation.org] 
Sent: Saturday, July 03, 2010 8:48 PM
To: mifos-users@lists.sourceforge.net
Subject: [Mifos-users] Canceling Savings Accounts - Blacklisting

 

During the application process of a savings account, you can cancel the
account and for one of the reasons you can select blacklisted.

What would this mean for a savings account?  What impact would this
have?

Ryan
-- 
Ryan Whitney 
Mifos Technical Program Manager
rwhit...@grameenfoundation.org  
Mifos - Technology that Empowers Microfinance (www.mifos.org) 
Our mission is to enable the poor, especially the poorest, to create a
world without poverty.  
<http://grameenfoundation.org/take-action/ingenuity-fund-challenge/>
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