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From Nayan Ambali <nayan.amb...@gmail.com>
Subject Re: [Mifos-developer] Savings No Activity Fee
Date Thu, 23 Jun 2016 03:13:02 GMT
Zayyad,

Assume there is a saving account X and has balance of 1000USD and this
account is not operated from last 40years then what bank supposed to do
with this balance?


http://www.allbankingsolutions.com/Banking-Tutor/Dormant-Inoperative-Accounts-Unclaimed-deposits.htm

Can Bank charge for account remaining as dormant?

Yes, bank can charge as per the schedule of charges declared by the bank.


Thanks

Nayan Ambali



On Mon, Jun 20, 2016, 10:02 PM Zayyad A. Said <
zayyad@intrasofttechnologies.com> wrote:

> Thanks Shreyaank.
>
>
>
> I however find it not logical, why would one want to charge an inactive
> account and may be offset it to zero or the accounts get overdrawn?
>
>
>
> Anyway if it was a feature requested by users, then it may be relevant to
> them.
>
>
>
> No harm to have it.
>
>
>
> Regards;
>
>
>
>
>
> *********
>
> *Zayyad A. Said | Chairman & C.E.O*
>
>
>
> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>
> Email: zayyad@intrasofttechnologies.com
>
>
>
> [image: Email banner]
>
>
>
> *From:* Shreyank Byadagi [mailto:shrunk7byadagi@gmail.com]
> *Sent:* 20 June 2016 15:23
> *To:* Mifos software development
> *Cc:* dev@fineract.incubator.apache.org
> *Subject:* Re: [Mifos-developer] Savings No Activity Fee
>
>
>
> Hi Zayyad,
>
>
>
> "Savings No Activity Fee" is charge applied on saving accounts that are
> inactive status. And the saving account inactive status and dormancy can be
> defined at saving product definition.
>
>
>
> Regards
>
> Shreyaank
>
>
>
> On Sun, Jun 19, 2016 at 10:52 AM, Zayyad A. Said <
> zayyad@intrasofttechnologies.com> wrote:
>
> Hello Devs,
>
>
>
> What is the relevance of this charge? Its appearing on Savings and Deposit
> charges in 16.05.1.
>
>
>
> Kindly advise.
>
>
>
> Regards;
>
>
>
>
>
> *********
>
> *Zayyad A. Said | Chairman & C.E.O*
>
>
>
> Cell No.: +254 716 615274 | Skype: *zsaid2011*
>
> Email: zayyad@intrasofttechnologies.com
>
>
>
> [image: Email banner]
>
>
>
>
>
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