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From "Ippez Roberts (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-526) Add Job Scheduler for Time Deposit Maturity Check/Closure
Date Mon, 18 Sep 2017 10:25:00 GMT
Ippez Roberts created FINERACT-526:
--------------------------------------

             Summary: Add Job Scheduler for Time Deposit Maturity Check/Closure
                 Key: FINERACT-526
                 URL: https://issues.apache.org/jira/browse/FINERACT-526
             Project: Apache Fineract
          Issue Type: Improvement
            Reporter: Ippez Roberts
            Assignee: Markus Geiss


Currently when fixed deposit matures, you have to check it manually and close or reinvest
which most times can be forgotten and we are most times reminded when a client comes for his
interest. 
We need to automatic this process:-
*Changes*
*If it's normal TD closure without reinvesting then;*
* Post Interest to TD
* Transfer the Fixed Amount to linked Saving Account
* Transfer Interest to linked Saving Account
* Post Withholding Tax or other taxes associated with this TD
* Close the account - Note can be predefined as 'Auto Close & Transfer'

*If Reinvest *
* Post Interest to TD
* Transfer the Fixed Amount to linked Saving Account
* Transfer Interest to linked Saving Account
* Post Withholding Tax or other taxes associated with this TD
*  Close this account - Note can be predefined as 'Auto Close & Reinvest'
* Create new TD Account and auto-link the above savings account {previous linked savings account}
to this TD . Deposit amount should be same as in the previous TD account just closed.
* Auto Activate the account - Fixed Amount should be auto transferred from the linked savings
account to this newly created and activated TD Account.
All in all, account settings for the previous TD should be copied over and applied to this
new TD i.e same amount, duration, interest rate etc



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