Net Banking

INTRODUCTION & OBJECTIVES

 The main objective of the proposed solution is to be automated the various functions and activities of the bank through Internet. The solution will facilitate to the bank employees and the account holders with the different modules. This solution is very much necessary for the private sector banks and the corporate sector. The banking industry will take a new shape and explore like never before. Using the solution the bankers and account holders can generate various kinds of reports.

IDENTIFICATION OF NEED

          The Net Banking is a web-based application some of its features are pointed out here:

          The proposed system can be accessed from any part of the world, as opposed to stand alone or manual system, and provides information at any time, anywhere round the clock to the customers.

          Even though it is a web-based application it will keep the details of its clients private and no body is allowed to tinker with the details.

The customer needs to register, by which he is given user name and password through which he can login and do the transactions whatever he wants to do. It provides easy to use and user friendly interface for the user.

          The system provides freedom to the user to move freely around various screens and status of the system returned, as it was when he left the screen.

by expert personalities maintaining the web site.

          The user can access the system at any time, because it’s 24-hour online from any where in the world.

The customer can do all the work online without persisting him to go to the bank like he can deposit the money, transfer amount from account to another account, can get this available balance, able to see the transaction reports that has done etc to mention a few.

The customer can save his money and time that is a valuable one in today’s day- to – day life.

 BUSINESS REQUIREMENTS:

Searching Capabilities:

For the account holder’s convenience and on hand information, this solution provides certain searching and checking features for his account. The account holder can any time and any number of times can log on and search for various details as the account’s balance, details of transactions, interest amounts, debits / credits, etc. The account holder will have his unique id and password for logging on to the account’s information.

User friendly:

The solution provides very simple and modified features, which are very easy to view and operate various features. The said project is designed and organized in very simplified manner to suit the current requirements of the account holders of various models such as Saving Bank Account, Current Account, and Recurring Deposit Account.

 

Transaction Management

The transaction made through either net or manually in bank need to have a consistency with respect to the account details and other related information like transaction details across various databases.

Value Added Service

The solution provides good number of value added services in comparison to the normal banking services. Account holder can view his accounts and give the instructions of making payment to various government organizations for various services. An account holder can issue the instructions to transfer certain amount to any particular account number of the same / different bank. Individual can log on to the site and open new bank account in his name online by following the simplified registration form instructions

Security

The Online banking deals with a lot of proprietary information for its users, which are confidential. It is therefore imperative to provide a means though which information can be kept confidential. This is also ensures that the data that is put into the system maintains its integrity because malicious or unauthorized individual will not have access to alter them. The security is at two different levels, one at account holder and other at administrative level at the bank’s office.

                          INRODUCTION TO NETBANKING

1)New Account

Opening an account is possible through Internet. Customer needs to open a   savings/current account bank account before opening the credit card account. Credit card account will be linked with their savings/current account. Customer needs to give their account detail when applying for the credit card.

2)Teller Services

             Customer can use the facility of Teller to receive the details of their account. Teller services component provides the following services, Account Summary, Transaction Details, Card Transaction, Interest Statement,Un Cleared Cheque,Account Summary.

3)Transaction Details

  User can use the transaction details option to obtain the details of their

particular transactions. Card Transaction, The card transaction option will be provided for displaying the card transaction details.

4)Interest Statement

In this option, a customer receives statement on interest earned/debited in their account for a particular period

5)Un Cleared Cheque

Here, a customer gets report about the Un Cleared Cheque. A separate table is being maintained for tracking cheque clearance.

6)Transaction Services

This module offers two types of services:

 FundsTransfer,TaxPayment.

Customers can use this service for regular payment from one account to     another. Alert message. In case if there is no sufficient fund in the origin account, the same must be alerted to the customer. The Tax Payment component facilitates the customer to calculate tax payment amount and remit the same to the tax collecting authority

7)Bill Payment Services

Bill Payment Service components facilitate customers to instruct the banks to issue payment to their bills regularly against utilities such as electricity, gas, water etc. Customer nominates the service provider to the bank, provided the bank has a tie up with the provider. Service providers publish the bills to the bank and the customers will be alerted subsequently. Bank will make payment to these service providers as they get on line instructions from the customer. Bank debits service charge from customer’s account for providing the service.

                     Customer has to select bills to be paid from the check box option. The customer also gives the account number in which the amount has to be debited.

Alert message will be displayed to the user showing the service charge amount that will be debited from his account.

8)Other Payments

      A customer can move the regular payment facility from one account to another. Bank determines the service charge for providing the service to the user. It will be displayed to the user for information to decide for utilizing the services provided by the bank.

  9)Requests

   Under this module, the customer can request for the following services:Cheque   Reorder, New Card Request, Draft / Cashier’s Cheque, Stop Payment,Cheque Reorder In this case, the customer requests bank to issue a new chequebook and the bank may charge the customer for it. The customer requests bank to issue draft/cashier’s cheque. Bank may deliver the DD/cashier’s cheque at users’ doorstep or payee’s doorstep. Bank will charge customer accordingly.

10)Maintenance Services

Maintenance Services module comprises the following components:

Open another account, Close account, Modify account info, Modify customer Info, Open Another Account

HARDWARE AND SOFTWARE REQUIREMENTS

HARDWARE REQUIREMENTS                               

PROCESSOR       :   Intel 2.0 GHz or above

HARD DISK        :   80 GB

RAM                : 512 MB RAM.

   SOFTWARE REQUIREMENTS

OPERATING SYSTEM             : WINDOWS XP with SP2. 

LANGUAGE (FRONT END)   : JAVA (JDK1.5/1.6)

SERVER                                     : APACHE TOMCAT 5.5/6.0

WEB TECHNOLOGY              : HTML, JAVASCRIPT, CSS.

DATABASE (BACK END)        : ORACLE 10G.

ARCHITECTURE                      : 3-TIER ARCHITECTUR