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Different Interest Rate _For_Joint_Holders (Doc ID 2882835.1)

Last updated on JULY 25, 2022

Applies to:

Oracle FLEXCUBE Universal Banking - Version 12.1 and later
Information in this document applies to any platform.

Symptoms

On : 12.1 version, Production Support-SET

ACTUAL BEHAVIOR
---------------
 Different Interest Rate 

Issue details: Different interest rate was given to TD accounts with the same aggregated balance and were rolled over on the same date.
Account numbers:
1. 034XXXXXXXX1 - 0.500%
2. 034XXXXXXXX5 - 0.475%

EXPECTED BEHAVIOR
-----------------------
Interest rate on TD with common joint holder should be the same - based on the aggregated amount

STEPS
-----------------------
The issue can be reproduced at will with the following steps:

1. Two Matured TD accounts (with common joint Holder), 901PHP Account Class, same maturity date , with disposition - Principal + Interest Rolled Over.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, TD joint holders are receiving different rates.

Cause

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In this Document
Symptoms
Cause
Solution
References


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