1) Agree that incentives are not needed by Musoni. And i agree that it is not the immediate priority for Mifos X, but it is a higher priority when it comes to term deposits.
2) My specs are based on my visit to Jananidhi. Jananidhi maintains "Interest Rate Tables" separate from the products. And these Interest Rate Tabales can be attached to deposits products like Term Deposits, Recurring Deposits, Savings etc.. This could be the result of the software solution that they are using currently. Interest Rate Tables that are attached to a product can very well meet the requirement. Jananidhi does not have Savings as of today. However, one of their partner MFIs are providing an interest incentive for "staff operated" Savings accounts. And it is common for FIs to give lower interest rates for Staff loans.
3) In banking in India, it is quite common to have interest incentives based on gender/age. And the Banks revise interest rate quite frequently (based on periodic revisions in the rates set by the Reserve Bank of India) - almost 3-4 times in a year. If we maintain different products for incentives, then the interest rates need to be changed for all products. Also, if we define different products, it is possible to give the product to an ineligible customer (for example, a senior citizen product to a person who is younger). This is the reason why I prefer to have incentives on the same product. I was not "hard-coding" the gender/age parameters, but was trying to do it in a flexible way so that any client/account level parameter can be used to define "incentives".
From what I could understand, Musoni wants bands based on 'account balance' and not the 'no. of days the account is active'. Sander, could you confirm?
4) Agree. Good idea to have a base rate and allow interest rates to be a '+/-' on that.
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