Interest calculation process in SSWL:

Here two Types of interest is calculated:

1. Item interest calculation
2. Balance Interest calculation.
1. Item interest calculation: Here we calculate interest on Debit and credit items
automatically.
It can be open and cleared debit items. In SSWL usin t!is we calculate interest on
"endor and customer line items.
2. Balance Interest #alculation: T!is met!od is used in SSWL to calculate interest on
balances of Ban$ %L accounts. Here system calculates interest on t!e complete
balance. Ban$ ac is debited and Ban$ loan account is credited.