I have created an Time deposit contract with fixed amount of 5000 for 6 months. Calculation and settlement frequency is monthly and i.e on last day of the month.
Now, after 2 month of settlement ( for example from 1st Jan to 28th of Feb ), I terminated the account on 15th march. After termination order, I expected account should calculate interest from 28th Feb to 15th march and then close the account, but there is no settlement posting on account on termination date.
I am not sure but it could be due to the conditions set up in the account.
Could anyone help me to find out how can we calculate interest till termination date.