Add an account type called Deposit

Registered by Rajesh Narayanan on 2011-04-26

In the add account screen why not add an account type called fixed/ recurring deposit. I've seen these two deposit types in all the banks I have used. Additionally you can add input fields like interest that lets you calculate the end return. I understand that for most of the account's lifetime it may be static (the fixed deposit for example) but it will give a better picture of my actual assets.

Blueprint information

Status:
Not started
Approver:
Denis Solonenko
Priority:
Undefined
Drafter:
Rajesh Narayanan
Direction:
Needs approval
Assignee:
None
Definition:
New
Series goal:
None
Implementation:
Not started
Milestone target:
None

Sprints

Whiteboard

This seems to me more like a recurring transaction than an account type per se, if I understood it correctly. This would be some kind of transaction that would happen at some period, like salary, right?

RESPONSE: The recurring deposit is similar to the presently available recurring transaction but there will be an interest accrued every time you deposit. The fixed deposit on the other hand is a one time deposit and interest will be accrued for the entire tenure (usually an year). Reason why I wanted these as separate types is because most banks provide separate account numbers for RD or FD

(?)

Work Items

This blueprint contains Public information 
Everyone can see this information.