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interest on OD account

Former Member
0 Kudos
116

hai,

Is it possible to calculate interest on Overdraft bank account. I know the option for Term Deposit. how to proceed for interest on OD account.

can i get any suggestion.

govind.

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Answers (1)

Answers (1)

Former Member
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Yes you can very well do that by creating a balance interest indicator with respective Interest rate and mention the Interest Indicator in the GL account of the OD bank account. You can mention the INterest Indicator in the Create/Bank/Interest Tab of FS00.

Former Member
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hai,

Interest based on number of days. The interest amount will change based on amount utilisation of every day. so interest will be accounted day wise. Is it possible.

govind.

Former Member
0 Kudos

Yes you can post the interest calculated on days basis. In F.52 you can give the date range for interest calculation.

Former Member
0 Kudos

hai,

Balance interest calculation or Item interest calculation, which one i want to use.

govind.