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  1. Apache Fineract
  2. FINERACT-1536

System is calculating incorrect interest if Working days are set up at the organization level

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Details

    • Bug
    • Status: Resolved
    • Major
    • Resolution: Fixed
    • None
    • None
    • Loan
    • None

    Description

      Steps To Reproduce:

      1. Create a working day in the System -> organization.
      2. Set up the Saturday and Sunday as non-working days
      3. Create a loan with Principal = 12000, Number of repayments = 12, rate of interest = 12%
      4. Keep the disbursement date = 10th May 2021
      5. Keep the first repayment date = 14th June 2021

       

      Since the 14th August is falling on Saturday, August month repayment will be on the 16th of August 

       

      The September month repayments will display incorrect interest amount

       

       

      Attachments

        1. holiday incorrect repayment 2.jpg
          159 kB
          Vikranth Ramasami
        2. holiday incorrect repayment 1.jpg
          148 kB
          Vikranth Ramasami

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              Unassigned Unassigned
              vikranth Vikranth Ramasami
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              Dates

                Created:
                Updated:
                Resolved: