Recurring deposit charges

The recurring deposit workspace has a Charges section. Open it from an account — there is no institution-wide deposit charge list. The ? button on that section opens this page.

A charge on an account is money: an amount due, paid, or waived. The template it comes from lives under Products → Charges. Collection time and calculation are on that template, not here. A recurring deposit product can attach templates so they start on every new account; you can still add more from this section.

Charges use the same Fineract savings-charge resource as savings charges (/recurringdepositaccounts/{id}/charges). You need the savings-account-charge permissions to add, pay, waive, stop, or remove them.

The table

Each row is a charge on this account: name, fee or penalty, when it is collected, due date, amount, paid, outstanding, and status.

Add a charge

Add charge opens a docked sidebar. You need permission to create a savings account charge, and the account must not be closed or rejected.

Pick a savings charge in this account’s currency. Amount defaults from the template and can be changed. Extra fields depend on collection time:

• Specified due date — a due date.
• Annual fee and monthly fee — a due day (day and month).
• Monthly fee and weekly fee — how often the fee repeats (months or weeks).

If the picker is empty, create an active savings charge first under Charges, in the same currency as this account.

Pay

On an active account, Pay collects the outstanding amount from this deposit account. The sidebar asks for a payment date, the amount, and an optional payment type if your institution uses them. Cash types are institution payment types only — not system-generated ones. Add those types under Organization → Payment types.

You cannot pay a charge that is already paid, waived, or stopped.

Waive

Waive writes off the outstanding amount so it is no longer due. The account must be active and the charge still outstanding — the same rule as pay.

Stop recurring

Stop recurring is only for an annual, monthly, or weekly fee that has no amount still due. It stops collecting that fee on this account. It does not appear on a specified due-date charge, or while an amount is still outstanding — pay or waive first.

Remove

Remove is only for a charge on a pending application that has not been paid or waived. Confirm in the dialog. After the account is approved or activated, you pay, waive, or stop instead of deleting.

Troubleshooting

See Recurring deposits for the rest of the workspace. Fixed deposits use the same charge actions on Fixed deposit charges.