Title of the project Development of an Interest Calculation system for a retail bank.

Abstract of the project Consider a retail bank which collects money from customers and in return gives them an interest at pre determined rate. Our objective is to automate this process of interest calculation. The system developed should calculate interest daily for each account having balance more than zero at the correct interest rate. This interest calculated will be cumulatively stored in a table which will be updated every day. Remember that the balance on which interest is calculated daily will change because the customer may deposit or withdraw money. Every month the cumulative interest calculated will be credited to the customer. After this point of time the cumulative interest stored should be set to zero because the customer has benefited for the period specified. Before interest is credited to the customers account tax should be debited from the interest according to prevalent government laws. Keywords Interest Calculation system. Generic Technology keywords Client Server and Batch Processing Technology Specific Technology keywords VB, Java, Unix, Oracle, Crystal Reports. Project type keywords Analysis, Design, Implementation, Testing (Software Engineering) Functional components of the project 1) Data Entry screens to capture interest rates for different categories of accounts. If interest rate is annual then daily interest calculated should be divided by 365. 2) Calculate daily interest and store cumulative interest in a table. 3) Add the cumulative interest at the end of the month to the customers account balance. 4) Deduct tax when interest is paid out to the customer. 5) Generate reports indicating interest earned on a periodic basis.

6) Data entry screens to maintain interest rate structure. Steps to start-off the project Client Server and Batch Processing Technology Requirements Hardware requirements Number Description 1 Windows Desktop PCs 2. Windows Server Software requirements Number Description 1 VB 2 MS Access 3 Batch Scripts 4 Crystal Reports Manpower requirements 2 students for 6 months working part time. Milestones and Timelines Number Milestone Name Milestone Description Information relating to the deliverable at this milestone Complete understanding of system. Identify the different software components to be developed. Make the decision based on different parameters Timeline week number from the start of the project 8th week Remarks Comments such as the weightage of this milestone in percentage of the total project, etc 30% Alternatives (If available)

Alternatives (If available) Java Oracle Unix Windows Excel

Completion of High Level Design and Effort Estimation

Determine Hardware and Software to be used.

10th week

10%

Build and Test all the components identified. Implement the software developed

like economics, technology competence, risks involved etc. Document all test cases used and capture effort spent. Software should be installed at end user location and User Acceptance document should be obtained

20th week

30%

24th week

30%

Guidelines and References General Accounting Practices.