[FINERACT-848] Add ability to define custom interest rate in fixed and recurring deposit accounts

• Type: Improvement
• Status: Open
• Priority: Major
• Resolution: Unresolved
• Affects Version/s: 1.1.0, 1.2.0, 1.3.0
• Component/s: Savings
• Labels: Roadmap2022 features
• Flags: Patch
• Assignee: Unassigned
• Reporter: Zayyad A. Said
• Created: 22/Feb/20 06:09
• Updated: 29/Oct/22 12:50

Description

Many MFIs offering  Fixed Deposits and Recurring Deposits give different interest rates to their depositors based on negotiation ability of the depositor.

Currently interest rate chart is defined at product level with no flexibility to amend the rate at account level making it difficult for such MFIs to use Mifos X for their operations.

We need to have the interest rate defined when opening a deposit account that will override the rate defined at product level.