Vikranth Ramasami created FINERACT-1542: -------------------------------------------
Summary: System is calculating incorrect interest when late payment is made after rescheduling Key: FINERACT-1542 URL: https://issues.apache.org/jira/browse/FINERACT-1542 Project: Apache Fineract Issue Type: Bug Reporter: Vikranth Ramasami Attachments: Incorrect interest calculation late payment after rescheduling.docx # Create a working day in the System -> organization. # Set up the Saturday and Sunday as non-working days # Create a loan with Principal = 12000, Number of repayments = 12, rate of interest = 12% # Keep the disbursement date = 10th May 2021 # Keep the first repayment date = 14th June 2021 # Perform a date payment on 14th June # Make the repayment of 14th July on 15th July # Perform a rescheduling and move the repayment of 16th August to 31st August # Perform a repayment of 31st August on 31st August # Perform a late payment of 30th September on 1st October The system is settling the 30th September and also it is creating a new installment on 1st October with incorrect interest -- This message was sent by Atlassian Jira (v8.20.1#820001)