Hi Joseph, Hope you are doing all good
I would like to clarify the current behavior of savings accounts in Fineract 1.x. Savings accounts have several table columns similar to those of the savings product instance. This is done so that the individual savings accounts previously created are not affected by any changes to the savings product settings. This is the current behavior of the system right? That is Right, changes made at the product level will not have any impact on already created savings accounts. Now what if I want to change a setting of a savings product (i.e. change the compounding period, the interest rate, the interest calculation basis etc.) is there currently a way that I can do this and have it affect all related savings accounts? Or do I need to update the settings of all the savings accounts individually? Currently, there is no option to change those parameters to the existing saving accounts. any changes you make at the product level will have an impact only on newly created accounts. you can try changing the parameters (i.e. change the compounding period, the interest rate, the interest calculation basis etc.) at the Account level, However, we recommend you test the scenarios on couple of accounts first to see if it meets your requirement before doing it for all loans. Regards, Bharath Lead Implementation Analyst | Mifos Initiative Skype: live:cbharath4| Mobile: +91.7019636073 http://mifos.org <http://facebook.com/mifos> <http://www.twitter.com/mifos> On Thu, May 21, 2020 at 7:51 PM Joseph Cabral <joseph.cabra...@gmail.com> wrote: > Hi again Fineract Team, > > I would like to clarify the current behavior of savings accounts in > Fineract 1.x. Savings accounts have several table columns similar to those > of the savings product instance. This is done so that the individual > savings accounts previously created are not affected by any changes to the > savings product settings. This is the current behavior of the system right? > > Now what if I want to change a setting of a savings product (i.e. change > the compounding period, the interest rate, the interest calculation basis > etc.) is there currently a way that I can do this and have it affect all > related savings accounts? Or do I need to update the settings of all the > savings accounts individually? > > Regards, > > Joseph > _______________________________________________ > Mifos-users mailing list > mifos-us...@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users >
