[FINERACT-200] Separate Current Accounts from Savings Accounts

• Type: Improvement
• Status: Open
• Priority: Minor
• Resolution: Unresolved
• Component/s: Savings
• Labels: Roadmap2022 gsoc p3
• Assignee: Unassigned
• Reporter: Dayna Harp
• Created: 05/Jul/16 22:07
• Updated: 30/Oct/22 17:43

Description

https://mifosforge.jira.com/browse/MIFOSX-1361

Current Accounts and Savings accounts are two different category of deposit products. At least at the User Interface, these should be treated as two different products. At the platform level, we should have a field that differentiate these (perhaps m_savings.product.deposit_type_enum and m_savings_account.account_type_enum)
Savings accounts should not allow overdraft and hence the parameters associated to overdraft can be defaulted to null.
Current accounts allow overdraft and overdraft limits and charges/interest for overdrafts. Also they usually have zero interest rate, but we should retain the interest rate fields for current account.
Fees - should be separated out for current accounts and savings accounts.
Also, need to be evaluated how this will impact savings reports.