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Applicable for (mandatory) :- This defines whether the product can be attached tosavingsaccounts forClients,GroupsORCentersto savings accounts for Clients,Groups OR Centers.
Type of Deposits (mandatory) :- This defines whether deposits are Mandatory or Voluntary.
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Schedules (a set of installments)
When a non- ‘Per Individual’savings Individual’ savings account is activated, a set of 10 unpaid installment date entries is created for it.
When a ‘Per Individual’ savings account is activated, a set of 10 uppaid up paid installment date entries is created for each client (but not for the group or center itself).
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A mandatory savings account keeps track of what should be deposited. It doesn’t prevent a user from under or overpaying but will add the unpaid amount to the amount expected to be deposited at the next installment (meeting). Overpayments Over payments are treated as unscheduled deposits.
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