[FINERACT-1536] System is calculating incorrect interest if Working days are set up at the organization level

• Type: Bug
• Status: Resolved
• Priority: Major
• Resolution: Fixed
• Component/s: Loan
• Assignee: Unassigned
• Reporter: Vikranth Ramasami
• Created: 21/Mar/22 16:00
• Updated: 06/May/22 06:22
• Resolved: 06/May/22 06:22

Description

Steps To Reproduce:

1. Create a working day in the System -> organization.
2. Set up the Saturday and Sunday as non-working days
3. Create a loan with Principal = 12000, Number of repayments = 12, rate of interest = 12%
4. Keep the disbursement date = 10th May 2021
5. Keep the first repayment date = 14th June 2021

 

Since the 14th August is falling on Saturday, August month repayment will be on the 16th of August 

 

The September month repayments will display incorrect interest amount

 

 

Issue Links

• blocks: FINERACT-1450 Reschedule date not rescheduling to the defined date