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https://issues.apache.org/jira/browse/FINERACT-1185?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=18075414#comment-18075414
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Vladyslav Samchenko commented on FINERACT-1185:
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[https://github.com/apache/fineract/pull/5761]
I've added 4 new SavingsPostingInterestPeriodType enum values:
- ANNIVERSARY_MONTHLY (code 8)
- ANNIVERSARY_QUARTERLY (code 9)
- ANNIVERSARY_BIANNUAL (code 10)
- ANNIVERSARY_ANNUAL (code 11)
Unlike standard period types (which use calendar boundaries), anniversary
types anchor posting to the day-of-month of the account activation date.
Short-month and leap-year edge cases are handled by clamping to the last day of
the month.
> Interest Posting on Anniversary Dates
> -------------------------------------
>
> Key: FINERACT-1185
> URL: https://issues.apache.org/jira/browse/FINERACT-1185
> Project: Apache Fineract
> Issue Type: New Feature
> Affects Versions: 1.8.0
> Reporter: Airsay
> Priority: Critical
>
> "Anniversary" Interest posting period. Some clients don't necessarily post
> interest on the last day of the week, or month or quarter. What they do is
> post interest on the "anniversary" date. So for a fixed deposit or recurring
> deposit account opened on the 1st of the month, interest is posted on the
> first of the month for monthly interests. Those opened say on the 29th are
> posted on the 29th (or the last day of the month if that month doesn't have
> 29 days like February). A similar thing is done for quarterly or bi-annual
> postings.
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