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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