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From "G S VIJAY RAAJAA (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-521) OD Limit Utilization - Insufficient funds to complete the transaction
Date Fri, 08 Sep 2017 08:27:02 GMT
G S VIJAY RAAJAA created FINERACT-521:
-----------------------------------------

             Summary: OD Limit Utilization - Insufficient funds to complete the transaction
                 Key: FINERACT-521
                 URL: https://issues.apache.org/jira/browse/FINERACT-521
             Project: Apache Fineract
          Issue Type: Bug
          Components: Loan
    Affects Versions: 1.0.0
            Reporter: G S VIJAY RAAJAA
            Assignee: Markus Geiss
         Attachments: Screen Shot 2017-09-08 at 1.29.56 PM.png, Screen Shot 2017-09-08 at
1.30.11 PM.png, Screen Shot 2017-09-08 at 1.30.20 PM.png, Screen Shot 2017-09-08 at 1.30.43
PM.png

The following scenario would land up to the issue;

Prerequisite :

1. Saving account : Over draft availability with net interest charge .
2. No positive interest on the balance of savings account.
3. Interest compounding period - Monthly
4. Interest is calculated using Daily Balance.

Scenario:

1. In a overdraft setup where a limit is put to place, the user withdraws the overdraft limit
completely.

2. Post the overdraft interest posting, the negative balance further crosses him limit. 

3. In this scenario, even when the user repays the outstanding due completely, he is not able
to withdraw from the Overdraft limit post this.

Example :

>From the screenshots attached;

The user has a overdraft limit of 71000 and is charged at 24% . On 01 September 2017 , the
interest posting took place and the outstanding balance crossed his overdraft limit. He also
repaid the complete due and currently has a positive balance of 1027.23. As per the setup
he should be able to withdraw 71000 ( OD limit ) +1027.23 ( outstanding balance ). When he
withdraws RS:10 on 08 September 2017, the system throws Insufficient funds to complete the
transaction.






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