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Synopsis: "Online Banking System "
Synopsis: "Online Banking System "
Indroduction:
Online banking also known as internet banking or who banking, is an
electronic payment system. Online banking means accessing your bank account
and carrying out financial transactions through the internet on your Smartphone,
tablet or computer. Online banking allows a users to conduct financial
transactions internet. Online banking is also known is also known as Internet
banking or Web banking.
The online banking system will typically connect to or be part of the core
banking system operated by a bank and is in contrast to branch banking which was
the traditional way customers accessed banking services. Online banking offers
customers almost every service traditionally available through a local branch
including deposit.
Modules:
Online banking system
Disadvantages:
1. Technology issues.
2. Security issues.
Objective:
The main objective of the project on online banking system is to
manage the details of bank, account, customer, transaction. The bank has been
working for accounts information, withdrawal, deposit amount. In this software
you can keep record for daily banking transactions.
Proposed system:
The proposed system is highly computerized in which the
data related to user accounts will be secured high with high accuracy that even
reduces the machine damage and human mode errors & this existing system is
highly efficient to offer best services to the customers as well as banks. Because it
has user friendly access that consumes less time when compared with normal
banking system.
I. Balance Enquiry: Customer can view his updated balance from online
service anytime.
II. Funds Transfer: Customer can transfer funds from his account to any other
account in the same bank.
III. Request for cheque book: Customer can submitte request for cheque book.
At a time only one cheque book request can be submitted.
IV. Stop payment of cheques: Customer can stop the payment of any cheque or a
range of cheques issued to him anytime.
Existing system:
The existing system is having many problems such as
security problems, more human involvement which is a time consuming process
with many manual calculations. It even includes the machine damage and signature
verification process for secured transactions which allows the customers and banks
to waste their valuable time and resources. The major problem in online banking
system is unauthorized user access with fake passwords. The hackers are trying to
hack the user accounts and are performing different unauthorized transaction.
Scope:
1. Easy to handle.
2. All transaction between customer and bank are stored in database that is the
center of all information.
3. this c # project not only support current process but also centralizes all data
of the bank which is use full for producing different MIS based reports.
4. The main goal of online banking system project is to automate the general
process carried out in any bank with improved performance.