Sorry to deviate. But never in my wildest dream would I have imagined that FSDH was/is/could be using Fineract
> On 30 Apr 2021, at 15:17, Jose Alberto Hernandez Maldonado > <jose.hernan...@fintecheando.mx> wrote: > > > Hello! > > The account balance in savings is constituted by all transactions except > holdings. > > The way to calculate the interest in savings is simple, but after the end of > the period you can add the interest (posting interest) to the account and > rerun a new period with the new balance > > Thanks and best regards > Alberto >> El 30/04/2021 7:15 AM Oyinlola Jimoh via Mifos-users >> <mifos-users@lists.sourceforge.net> escribió: >> >> >> Hi All, >> >> >> >> Can someone please explain what “accountBalance” in savings accounts >> constitutes; Does it account for the client’s principal balance and interest >> payment or just the client’s principal balance? This can be seen in the >> api-docs under the List savings applications/accounts section here -> >> https://demo.mifos.io/api-docs/apiLive.htm#savingsaccounts_list >> >> Also, kindly clarify how Mifos calculates interest on savings. Is it simple >> or compounded? >> >> Thank you. >> >> Regards, >> >> Oyinlola >> >> >> >> DISCLAIMER/CONFIDENTIALITY NOTE: This electronic mail and its contents >> including any attachments (“Information”) transmitted with it from FSDH >> Holding Company Limited or one of its subsidiaries ("the Company") and any >> comments or statements made herein do not necessarily reflect the views and >> opinions of the Company and, unless clearly stated as being that of the >> Company, they are those of the sender. Generally, this communication is for >> informational purposes only and unless otherwise expressly stated it should >> not be construed as a solicitation or offer to buy or sell any securities or >> related financial instruments. The contents of this e-mail including any >> attachments in this correspondence is intended solely for the use of the >> recipient(s) to whom it is addressed and might contain information that is >> privileged, confidential, or otherwise exempt from disclosure under >> applicable law. Any unauthorised review, retention, duplication, disclosure, >> dissemination, distribution, or copying of the Information (including any >> reliance thereon) in any form is STRICTLY PROHIBITED. If you have received >> this Information in error, please delete it (including any attachments) from >> your system without printing, copying, forwarding it, or disclosing the >> contents to anyone and immediately notify the sender of the error by reply >> e-mail _______________________________________________ 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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