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https://issues.apache.org/jira/browse/FINERACT-893?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Manoj resolved FINERACT-893.
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Resolution: Fixed
Feature added
> Fixed Deposit - Maturity instructions for rollover
> --------------------------------------------------
>
> Key: FINERACT-893
> URL: https://issues.apache.org/jira/browse/FINERACT-893
> Project: Apache Fineract
> Issue Type: Improvement
> Reporter: Manoj
> Assignee: Manoj
> Priority: Minor
> Fix For: 1.4.0
>
> Time Spent: 1h 10m
> Remaining Estimate: 0h
>
> Fixed deposits required to have maturity instructions including rollover:
> Explanation of Business Use Case per [~ippezrobert]
> # MFI has a max of 1 yr Deposit Term but a client would wish to fix for 2
> yrs, so the MFI accepts this offer and manages the 2 yrs period in shifts
> internally. So after the 1 yr is done, the MFI would like the rollover to be
> managed automatically by the system since chances that a new FD will be
> created exactly on the same date of maturity is small since an officer can
> forget to check if this FD is matured or not yet a client would be counting
> when the two years would end. So there needs to be a job scheduler to check
> maturity date for FD and also rollover options so that it (system can take
> appropriate decisions (to reinvest of just close and transfer interest and
> principal to linked savings).
> To be discussed: Will the system use the same account number or new one will
> be created????
> # A client would like to reinvest FD voluntarily since he sees no use for his
> money for some time. He then has to decides what amount or portion to
> reinvest after the first maturity is expired. Option can include rollover of
> principal only, rollover of principal and interest, transfer of balance to
> another account (make linked account dynamic .ie ability to select loan,
> shares or savings account and also a GL Account), etc
> NB:
> * If the selected option involves rollover, a Rollover End Date should be
> entered i.e the date when you want the rollover transaction to stop.
> * If the option selected in After Maturity does not involve the roll over of
> interest with the principal, the option of linked account is mandatory .ie
> account to which the transfer will be made at maturity. Like i said this can
> be a loan, share or savings account but should belong to this client or it
> can be GL Account.
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