Currently, for a savings account, there is a possibility to apply interest only automatically. In some cases, clients follow a custom computation to credit interest to a savings account. This computation may not be directly associated to the average balance or minimum balance for a period. And may not always be credited periodically.
Hence there is a need to have a facility to manually credit interest or dividend to a savings account.
We cannot use the deposit/withdrawal functionality as this implies a cash transaction (and the corresponding accounting entries are passed by Mifos).
An MFI does not pay interest on savings account. Instead, each group or center, takes stock of their operational surplus (profit) for a period. A portion of this profit is distributed amount members based on a certain formula (for example, based average balance across the last 12 months). If a feature is available to manually apply an interest amount, then the dividend can be computed for all members using a custom report and these amounts can be applied to each member's savings accounts using this feature.
This is similar to how shares are handled by credit unions/co-operative societies.
We will not work on this ticket because Implementation priority is Won't. I am closing this issue as 'Won't fix', it will be reopened if required.