Re: [Mifos-users] Nominal Interest Rate is not updating after Changes has been made in Saving Product’s “ Nominal Annual Interest Rate”
I saw you raised the ticket related to this.
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
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