Title: Message Title
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Issue Type:
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New Feature
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Assignee:
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Unassigned
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Components:
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Financial Services & Products
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Created:
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02/Jan/15 10:10 PM
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Labels:
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grameenkoota
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Priority:
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Minor
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Reporter:
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Biju Thomas
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Unable to create a saving product with penalty.(Subscription with Penalty)
An organization formed with minimum of 100 clients. We have a mandatory saving scheme called subscription which will act as our funding source. Each member(Clients) has to pay Subscription amount(500) per week which is a mandatory payment. If the member is failing to pay the subscription for a week a penalty of 100 will be charged. The subscription amount has no interest applied and will be transferred to the clients saving account every year and the saving amount of all clients forms our funding source.
Tried to create a Subscription with Recurring Deposit Product with frequency 1 Week but Unable to apply a penalty on Recurring Deposit, if it is not paid on time.
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