[FINERACT-917] New Type Of Charge Time Type

• Type: New Feature
• Status: Open
• Priority: Major
• Resolution: Unresolved
• Affects Version/s: 1.4.0
• Component/s: Charges, Savings
• Labels: Roadmap2022
• Assignee: Unassigned
• Reporter: Saransh Sharma
• Created: 02/May/20 18:49
• Updated: 03/Nov/22 12:44

Description

A charge time type element has to be developed in Fineract. This event is similar to other events of a banking cycle such as Withdrawal, disbursement, account activation(for eg savings activation) The time type is association with Fund Transfer action.

The event is associated with a following specific scenario to Merchant (M) and his Merchant Account (MA). Merchants can hold multiple account by Fineract definition I.E MA1, MA2

1. Whenever a Merchant Account(MA)receives Fund via Transfer from other existing customer accounts in Fineract.
2. Not applicable if MA receives fund via Deposit.
3. Not applicable if MA receives fund via a reversal of a txn from its own MA account.
4. Not applicable if MA1 receives fund from MA2 i.e from one account of same Merchant to another. The Non-applicability is also extended if MA receives fund from other merchants for eg- Merchant 1 receives from Merchant 2 via an inter account txn such as Merchant1A/C -Merchant2A/C

This feature can be called as Fund transfer time type. When a Charge is configured with this time type, the Said charge will Calculate and post this charge to Merchant Account and will obviously show in Charges.