On Fri, Dec 13, 2019 at 12:45 PM sangamesh n <sangameshc...@gmail.com> wrote:
> Dear Airsay, > > As I understand your product details here: > Rate of interest = *15% per month* => 15*12 = 180% per year (*In mifos, > we define it for per year*). > Deposit Amount = *360,000.00* > Monthly interest = > *54,000.00 (This seems to be fixed monthly interest amount, In mifos it's > on number of days). * > > I have created fixed deposit product and account for you to configure:- > https://demo.openmf.org/#/viewfixeddepositaccount/3692 > https://demo.openmf.org/#/viewfixeddepositproduct/608 > > Please let me know if you have any questions. > > Thanks, > Sangamesh.Nadagoudar > > > > On Thu, Dec 12, 2019 at 7:55 PM Ed Cable <edca...@mifos.org> wrote: > >> Hello Airsay, >> >> Welcome to the community! I'm cc'ing Sangamesh on this email. He should >> be able to give some advice on your configuration. >> >> Best wishes, >> >> Ed >> >> On Thu, Dec 12, 2019, 05:32 Airsay Longcon <airsaylong...@gmail.com> >> wrote: >> >>> Hello everyone. My name is Airsay from Nigeria. I’m the branch IT lead >>> for a financial institution. We are looking to automate our processes and >>> I’m almost certain that Mifos is a good fit. I am looking to get some help >>> and advice setting up Mifos. >>> So I am trying to create a fixed deposit savings product that reflects >>> one of three fixed deposit products we have. And I'm not getting the >>> expected results and would appreciate and advice or pointers. I describe >>> the product in the following paragraph. >>> We have a 6 months Fixed Deposit product for deposits between 360,000.00 >>> and 4,999,000.00. For this product, the interest rate is 15% monthly. So >>> for someone who deposits the minimum of 360,000.00 the monthly interest is >>> 54,000.00. Interest is paid out monthly and at the end of the tenor the >>> customer can either continue or terminate the account. How do I set up a >>> Fixed Deposit Product to reflect this? >>> >>> Warm Regards >>> Airsay >>> >>> >>> >>> _______________________________________________ >>> Mifos-users mailing list >>> Mifos-users@lists.sourceforge.net >>> https://lists.sourceforge.net/lists/listinfo/mifos-users >>> >>
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