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Re: [Mifos-users] Nominal Interest Rate is not updating after Changes has been made in Saving Product’s “ Nominal Annual Interest Rate”


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 <abiyats@xxxxxxxxx> 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@xxxxxxxxxxxxxxxxxxxxx
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>


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Thanks & Regards

Santosh Math

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