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From "Santosh Math (JIRA)" <>
Subject [jira] [Updated] (FINERACT-251) Ability to set Maximum withdrawal amount per day
Date Wed, 24 May 2017 13:38:04 GMT


Santosh Math updated FINERACT-251:
    Labels: p2  (was: )

> Ability to set Maximum withdrawal amount per day
> ------------------------------------------------
>                 Key: FINERACT-251
>                 URL:
>             Project: Apache Fineract
>          Issue Type: Improvement
>          Components: Savings
>            Reporter: Dayna Harp
>            Assignee: Markus Geiss
>              Labels: p2
> There should be a limit for Client withdrawal from a savings amount. Say the MFI can
Set 700,000 as withdrawal limit on any savings product. A client can withdrawal several times
in a day as long as the limit is not exceeded. But when that limit is reached, the system
should reject account withdrawal till the following day which normally starts at Mid-Night.
This is also importance in the future where ATM functionality is introduced in Mifos.
> This should be set during Savings Product creation only.
> Also on the view savings page there should be two type of balances:
> 1. Current or Actual Balance, this show the balance in the savings account.
> 2. Available balance (= Current or Actual Balance minus Minimum Balance Required) i.e
the amount that can not be withdrawn from the account is enforce Min. balance is set to true.
This is good for quick reference to tell a client what amount he/she can withdraw from the
savings account, saves time of manual calculation.
> See Screen mockup
> Options

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