This feature allows a loan to be disbursed directly into the savings account of a client (rather than disburse it via any Payment modes like Cash, Check etc.)
User Stories:
a) As a Loan Officer or Branch Staff, I wish to disburse any loan directly to a savings or current account
b) As an administrator, I wish to allow loans to be disbursed to savings account by setting the global parameter "Allow Disbursal to Savings Account" to true (or false - to disallow the same)
Business Rules:
a) Loans will be disbursed only to the client's own savings accounts and not to any other client's savings accounts.
b) The target Savings account has to be active
c) The Savings account should have been activated before the disbursal date
d) The "Allow Disbursal to Savings Account" should be set to true
e) When disbursing to a savings account, the payment type will be set to the "Default Payment Type When Disbursing to Savings Account"
Loan Disbursal Screen to be modified to allow selection of one of the client's savings accounts during disbursal.
Global Configurations screen to be modified to have a parameter to allow for disbursal to savings account and to capture default parameters when doing such disbursal.