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Incorrect Interest Calculation In RD Account Due to Incorrect Credit During Interest Rate Change (Doc ID 2505108.1)

Last updated on JUNE 16, 2021

Applies to:

Oracle FLEXCUBE Universal Banking - Version 10.2 and later
Information in this document applies to any platform.


Example :-
RD account Open date  :- 25-JAN-2019
RD amount                 :- 1000
RD CCY                      :- USD
Next RD due date        :- 25-FEB-2019
Date of rate change on RD account :- 18-FEB-2019

System triggered new credit on RD of 1000 USD with value date of 25-JAN-2019. Hence RD total value dated balance gets updated as 2000 USD as of 25-JAN-2019.




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