[Chandravadan]

Hi,

How is interest calculated in curtains on weekends & public holidays. normally interest is calculated daily after close of business on a daily basis.

So, on weekends is it calculated on a daily basis ? or in one go for 3 days (Friday, Saturday & Sunday) and when.

For example if the month end is Friday or Saturday, what is the best way to extract the correct interest accrued amounts for the month end.

We would extract all the reports on the next working day (say Monday).

Chandra Shah – Credit Union Solutions

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