Ed,
I want to include Rupal to this discussion as she is subject matter expert
for this topic (spl related to RBI rules).
@Rupal,
As per RBI which is the desired outcome for the case Ed has explained, is
only 1st / only 2nd / both are correct or NONE
*Outcome 1*
Partial Payment of 40
20 Paym
Hi,
Adhikar right now using two interest type method 1- Declining Balance
, 2- Declining Balance-Interest Recalculation . But we found almost all the
interest Rate Method having the same repayment features described by you.
On Mon, Jul 2, 2012 at 12:09 AM, Ed Cable wrote:
> In talking wit
In talking with Pradeep at Adhikar he too has a similar need for the
ability to the configure the order in which a payment is applied.
Per requirements of India's Central Bank, RBI, payments on overdue account
must first go toward outstanding interest before any principal is paid off.
So for ex
