Fin Corp -Cash Controller

To develop an efficient and secure interface between bank and customers.

1. Title of the project:  Fin Corp –Cash Controller

 2. Abstract:

This project is mainly developed for the Account Division of a Banking sector to provide better interface of the entire banking transactions. This system is aimed to give a better out look to the user interfaces and to implement all the banking transactions like:

• Supply of Account Information
• New Account Creations
• Deposits
• Withdraws
• Check book issues
• Stop payments
• Transfer of accounts
• Report Generations.

This service is open only to savings bank customers and not for current account holders. The customer is privileged to use most of the system only as a viewing phase, the only online transactions the customer can do are Check book requisition and fund transfer among his personal accounts. The project has been planned to be having the view of distributed architecture, with centralized storage of the database.

3. Existing System:

• It is having lots of manual work, which may be error prone some times.
• The present system is very less secure.
• Customers need to wait for more time as the manual mode of system is a time consuming process.
• Customer authentication is a time consuming process as the signatures need to be verified against existing documents (which will be generally maintained in files).

4. Proposed System:

The proposed system automates all the following activities to implement error free, time and cost saving process.

·         Supply of Account Information

·         New Account Creations

·         Deposits

·         Withdraws

·         Check book issues

·         Stop payments

·         Transfer of accounts

·         Report Generations.

5. Modules:

The application comprises the following major modules.

·         Account Information

·         New Account Creations

·         Deposits

·         Withdraws

·         Check book issues

·         Stop payments

·         Transfer of accounts

·         Report Generations.

             Account Information

The account information service will provide customers a summary of their accounts. These accounts could be saving of current Deposit account. The customers can get details of each account, a snapshot of the balances, a record of payment and transfers made, whenever they require.

In addition to displaying the account balance information, the clients would get a warning when the account Balance falls below the minimum limit. This limit is decided by the bank.

The customers will also be provided account statements and transaction reports based on any user-defined criteria. Moreover, this system will make tracking of transactions easy, the User would be able to get details of the various transactions based on the Account number, the transaction date, the period of the transaction, and so on.

New Account Creation

Whenever a new customer comes, this system facilitates to create an account in his name. The customer must provide information regarding the type of account he wants to open, amount of deposit, his address and optionally his photo copy and digital signature.

Deposits

All sort of banking deposits need to be implemented in the system. The user needs to enter the information like account number, the mode of deposit and the amount.

Withdrawals

All sort of banking withdrawals need to be implemented in the system. The user needs to enter the information like account number and the amount. The system must maintain the minimum amount for each account.

Cheque - Book Issues

Cheque books should be issued to an account holder whenever he requests and it should be on the basis of the minimum balance. The Cheque book number generated by the system must be unique.

Stop Payments

Withdraws on a particular Cheque must be stopped upon the request made by the customer.

Transfer of Amount from one Account to Other

The system should transfer the amount transfers from one account to another. Here the user need to enter both the from account number and to account number. Both accounts should get updated during the transaction.

Report Generation

Reports are very essential for the banking organization. It needs to generate different reports of banking information from the stored information. These reports can be printed and also can be stored as soft copies in the system for future use.

6. Requirements:

·         Hardware requirements:

Content	Description
HDD	20 GB Min 40 GB Recommended
RAM	1 GB Min 2 GB Recommended

·         Software requirements:

Content	Description
OS	Windows XP with SP2 or Windows Vista
Database	MS-SQL server 2005
Technologies	ASP.NET with C#.NET
IDE	Ms-Visual Studio .Net 2008
Browser	IE