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## 1.3.2 View Interest Rule

This topic describes the systematic instructions to view the list of configured interest rule details.

1. On Home screen, click Interest and Charges. Under Interest and Charges, click Interest Rule Maintenance.
2. Under Interest Rule Maintenance, click View Interest Rule .
   The Interest Rule Summary screen displays.

   Figure 1-8 Interest Rule Summary

   Description of "Figure 1-8 Interest Rule Summary"

   For more information on fields, refer to the field description table.

   Table 1-7 Interest Rule Summary - Field Description

   Field | Description
   --- | ---
   Rule ID | Displays the rule ID.
   Rule Description | Displays the rule description.
   Authorization Status | Displays the authorization status of the record. The available options are: Authorized Rejected Unauthorized
   Record Status | Displays the status of the record. The available options are: Open Closed
   Modification Number | Displays the number of modification performed on the record.

View Interest Rule

This screen is used to view Formula details.

3. On View Interest Rule, specify the fields.

   Figure 1-9 View Interest Rule

   Description of "Figure 1-9 View Interest Rule"
   For more information on fields, refer to the field description table.

   Table 1-8 View Interest Rule - Field Description

   Field | Description
   --- | ---
   Rule code | Click Search icon and select the rule created in the Interest Rule screen.

4. Click View Formula Details.
   The View Interest Rule - View Formula Details screen displays.

   Figure 1-10 View Interest Rule - View Formula Details

   Description of "Figure 1-10 View Interest Rule - View Formula Details"
   For more information on fields, refer to the field description table.

   Table 1-9 View Interest Rule - View Formula Details - Field Description

   Field | Description
   --- | ---
   Rule code | Click Search icon and select the rule created in the Interest Rule screen.
   Description | Displays the description of the rule.
   Formula Type | Displays the formula type.
   Book Flag | Displays the Booking Flag of a formula denotes whether the result of a formula should be: Booked Non-booked Tax
   Days In A Month | Displays the method in which the N of the formula for interest calculation, PNR/100, has to be picked up is specified for a formula.
   Days In A Year | Displays the interest rate is always taken to be quoted per annum. You must therefore indicate the denominator value (the total number of days in the year) based on which interest has to be applied.
   Periodicity | Displays the Periodicity of a rule application denotes whether the formula you are defining has to be: applied for each change during the interest period (or daily). only for the last day of interest period (periodic).
   Tax Pay Currency Flag | Displays the currency in which tax is paid. It can be Account currency or Local currency.
   Currency Interest Method | Currency method is defaulted from currency definition screen.
   Accruals | Displays whether the interest accruals are enabled or not.
   Rounding | Displays whether the interest rounding are enabled or not.
   Compounding | Displays whether compounding are enabled.
   Expression | Displays the expression.
   Condition | Displays the condition.
   Result | Displays the result.

Parent topic: Interest Rule