Background - Swabalamban Bikas Bank is planning on deploying Mifos. There is one other functionality they would like to have. I need input from others as to how this functionality should be applied.
Functionality - Saving Product Interest Capitalization SBB capitalize their interest (post) on a specific date which conincides with their bi-annual closing based on the Nepali calendar. This date can fall on different Gregorian Calendar Dates. For e.g. This fiscal Nepali year they are on Jan 17th 2007 and Jul 16th 2008. They need functionality to calculate the interest till this date and then post it to the accounts. The interest is actually calculated monthly (based on the Nepali month) on the min balance ( since mifos does not support nepali calendar they are planning to use 28 day for interest calculation on the min amount).
So for the Posting functionality here are some options