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Bug #1515

open

Interest calculation formula needs to be changed.

Added by Krishna Kanth A 5 months ago. Updated 2 months ago.

Status:
In Progress
Priority:
Normal
Start date:
27/11/2024
Due date:
% Done:

0%

Estimated time:
Deployed In:
Category:

Description

Interest calculation to be made as below.

1) A Table (Name: BankIntRates) needs to be created with 2 columns, FYear int and AvgAnnIntRate float.

2) When Calculate Interest rate is clicked on Manage IPC page, find the No. of days for each Year starting from "Over Due Days" until payment Date.

3) Interest rates are to be taken from BankIntRates Table for the Respective Year.

Kindly refer to the attached Excel file for Interest Calculations.

Kindly refer to the 2 attached image files for the columns that are to be Replaced in the Manage IPC Screen in CMS Application.


Files

IntrestRatesCalclutation_New.xlsx (67.5 KB) IntrestRatesCalclutation_New.xlsx Krishna Kanth A, 16/01/2025 01:23 PM
NRFA_Int_Rates_2.jpg (276 KB) NRFA_Int_Rates_2.jpg Krishna Kanth A, 16/01/2025 01:23 PM
NRFA_Int_rates1.jpg (183 KB) NRFA_Int_rates1.jpg Krishna Kanth A, 16/01/2025 01:23 PM
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