@Santosh, Noted, and Thanks.
Abiy A. On Tue, Dec 18, 2018 at 2:08 PM Santosh Math < sant...@confluxtechnologies.com> wrote: > Hi Abiy, > > As discussed in the following thread, > > https://github.com/openMF/community-app/issues/3017 > > Modifying interest rate in product level and the updating the same on all > existing accounts is totally impossible in Mifos. > > However, we have one more feature 'Floating Interest Rate' which may help > you to modify interest level later. > Here We define base interest rate (Ex: 9%) and floating interest rate (Ex: > 0.5%) which shows interest may vary by 0.5% throughout the term. > > You can read more here to understand how to configure it. > https://mifosforge.jira.com/wiki/spaces/docs/pages/111673386/Floating+Rate > > > https://mifosforge.jira.com/wiki/spaces/docs/pages/111673399/How+to+provide+floating+rates > > On Fri, Nov 2, 2018 at 10:30 AM Abiy Atsbha <abiy...@gmail.com> wrote: > >> Hello Santosh, >> >> Yeah you are right brother. I opened a new ticket , incase the developer >> team considers this. >> >> I understand that the current capabilitiy of MifosX is the one you >> explained, But what if the MFI’ operation department or national bank of >> the country forced them to increase the interest rate? >> This was the issue I wanted to check. >> >> Can I simply change this with the MySQL SELECT & UPDATE syntax? >> >> Like : selecting all saving accounts created before the ammendment day >> and updating with the new interest rate? >> >> Or anymeans we can update those accounts created before the amendment >> date! >> >> >> BTW, I can’t tell you how happy I am to have such a responsive and >> awesome community in MifosX. Looking forward to fully working with you. >> >> >> Thanks and Regards, >> Abiy A. >> >> >> On Fri, Nov 2, 2018 at 6:34 AM Santosh Math < >> sant...@confluxtechnologies.com> wrote: >> >>> Hi Abiy, >>> I saw you raised the ticket related to this. >>> >>> https://github.com/openMF/community-app/issues/3017 >>> >>> However, the current behaviour is right one. Any product changes (loan, >>> savings, etc) must be affected to the accounts which are created after the >>> modification of product , not the one which are already existing one. >>> >>> On Wed, Oct 31, 2018 at 7:35 PM Abiy Atsbha <abiy...@gmail.com> wrote: >>> >>>> Dear Community, >>>> >>>> I have this issue in MifosX Release 18.03.xx. I need to post it here >>>> before I open a new ticket in GitHub. >>>> This is the senario I need to report. >>>> >>>> Lets say I have created a Saving Account 000001 with Saving Product >>>> “Mandatory Saving”. Initially, The Nominal Anual Interest Rate for >>>> Mandatory Saving was 5%. >>>> >>>> After chnage of management of other reasons by the operation, one may >>>> need to increase the Interest Rate to 7%. >>>> >>>> The error is : >>>> >>>> The saving accounts created before the ammendment of new interest rate >>>> are not updating their Nominal Interest Rate. It is 5% when checked in >>>> viewsavingaccout page. >>>> >>>> But those saving accounts created after the ammendment are created with >>>> 7%. >>>> >>>> N.B. I have checked the math with calculator. >>>> >>>> I believe at least from the ammendment date forwards all saving >>>> accounts under that specific Saving Product should update their Nominal >>>> Anual Interest Rate. >>>> >>>> >>>> Thanks & Regards, >>>> >>>> Abiy A. >>>> >>> _______________________________________________ >>>> Mifos-users mailing list >>>> Mifos-users@lists.sourceforge.net >>>> https://lists.sourceforge.net/lists/listinfo/mifos-users >>>> >>> >>> >>> -- >>> Thanks & Regards >>> >>> Santosh Math >>> >>> *QA Engineer* >>> >>> *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* >>> | *Office*: +91-080-41208662 | >>> >>> *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, >>> Bengaluru, Karnataka, 560043 INDIA >>> _______________________________________________ >>> Mifos-users mailing list >>> Mifos-users@lists.sourceforge.net >>> https://lists.sourceforge.net/lists/listinfo/mifos-users >>> >> _______________________________________________ >> Mifos-users mailing list >> Mifos-users@lists.sourceforge.net >> https://lists.sourceforge.net/lists/listinfo/mifos-users >> > > > -- > Thanks & Regards > > Santosh Math > > *QA Engineer* > > *Conflux Technologies Pvt Ltd <http://www.confluxtechnologies.com/>* > | *Office*: +91-080-41208662 | > > *Address*: #304, 2nd Floor, 7th Main Road, HRBR Layout 1st Block, > Bengaluru, Karnataka, 560043 INDIA > Mifos-developer mailing list > mifos-develo...@lists.sourceforge.net > Unsubscribe or change settings at: > https://lists.sourceforge.net/lists/listinfo/mifos-developer
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