Thank you the response. So I have tried reaching you on Skype without success. What time of the day is best to catch? I'm in Nigeria with timezone of GMT+1.
Regarding Custom work like this, can you give me a rough estimate of the time it will take and cost involved. Warm Regards Airsay > On 16 Dec 2019, at 14:27, sangamesh n <sangameshc...@gmail.com> wrote: > > > Hello Airsay, > > So I am unable to login to the demo server using the widely known login > credentials. I am getting incorrect password error message. > - Yes that's right demo server is down for long or it couldn't getting logged > in with mifos credentials. I had already mailed to the community about that. > > If an account is opened on the 12th of July with a deposit of 360,000 we will > pay an interest of 54,000 on 12th Aug, 12th September, 12 October, 12th > November, 12th December and 12th January. > - As i have mentioned earlier, interest amount is not fixed. But it depends > on the number of days in a month and interest is calculated for those many > days. But this can be developed for your organization. > > Can we have a call over the skype - nksangamesh > > Thanks, > Sangamesh.N > > > > > > > > > > >> On Sun, Dec 15, 2019 at 4:17 PM Airsay Longcon <airsaylong...@gmail.com> >> wrote: >> Hello once again Sangamesh >> So I am unable to login to the demo server using the widely known login >> credentials. I am getting incorrect password error message. >> >> However I have looked at the screenshots you shared and I have some >> clarifications to make regarding our products and some questions to ask >> regarding the FD product you set up and the interest posted in the accounts >> >> So we have a single product with three different amount categories all of >> them with the same 6 month duration. >> 360,000 to 4,999,999.99 at 180% per annum >> 5,000,000 to 49,999,999.99 at 120% per annum >> 50,000,000.00 and above at 60% per annum. >> >> For all the above interests are paid monthly. And yes we pay less interest >> for higher deposits. Our monthly interest don't vary. It the same exact >> amount we pay for each month until the end of the FD. If an account is >> opened on the 12th of July with a deposit of 360,000 we will pay an interest >> of 54,000 on 12th Aug, 12th September, 12 October, 12th November, 12th >> December and 12th January. >> Because we have customers opening FD accounts in different days of the month >> we pay interest into different accounts daily all through the month. >> >> So my questions are >> 1) Looking at the screenshots you shared, I see that the interest varied >> from month to month. Why is this? A major selling point for us is that our >> customers know apriori how much interest they'd be earning from us monthly >> and that Interest is fixed and doesn't vary from month to month >> >> 2) Out of the box, Is mifos able to post FD interest daily as they become >> die for different accounts? >> >> 3) How can a properly set up an FD product to cover the three Amount >> Grouping which we offer? >> >> Thank you for your time. >> >> >> Warm Regards >> Airsay >> >> Sent from my iPhone >> >>>> On 13 Dec 2019, at 08:16, 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 >>> >>> <6.png> >>> <5.png> >>> _______________________________________________ >>> 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
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