Bank Interest Calculation in Oracle Apps

In your bank details in this form you will go and update your day wise closing balance,.
After completion of your balance update, you can give the "Apply" button and leave from the page.

B) -> Create Interest Rate schedules

C ) -> Update Schedule Rates

 After creating Interest schedule you will assign the same in "Update schedule Rates" page.

You will fill the from and to date and click go, system will generate the interest.

You can cross match with your working interest and bankers debiting the interest in bank account. 

The report output you can easily export and take the output.