SaFi Bank Space : Auto deduct IR after 2nd due date

SM-1268 - Auto deduct IR after 2nd due date Cancelled

Epic: SM-961 - Repay an overdraft after 60 days Done

Priority: as per Jira

Effort estimate: as per Jira

Review status: ready to review

Role: system

Objective: if money comes to the main account, SaFi should deduct this IR according to the sequence described here: Product: Overdraft

Reason: to align with the conditions of the loan

Functional requirements: pls see the technical documentation here Loans Technical documentation

UI requirements: any special demand for UI

Process flow:

• #4 workflow here: Overdraft Technical documentation, unhappy path of trying to autodeduct the loan but not successful

Execution steps: pls see the technical documentation here Loans Technical documentation

Internal dependencies:

• SM-1267 - Calculate OD IR after 2nd due date Cancelled

• Posting of the delayed payments against the main account: Post IR against the main account on a daily basis

External dependencies:

• n/a

Alternative scenarios:

• n/a

Acceptance criteria:

• The IR is successfully deducted if main account has incoming transaction.

Links to wireframes/UI:

• n/a