LATTHE EDUCATION SOCIETY’S POLYTECHNIC SANGLI

DEPARTMENT OF COMPUTER ENGINEERING

MICROPROJECT REPORT

SUB – JAVA PROGRAMMING

TITLE – BANK MANAGEMENT SYSTEM

SUBMITTED BY –

Roll No. Name ER No.

222361 Sumeet Dhumal 2200430181

222362 Varad Madake 2200430186

222361 Akshay Ghagare 2200430180
 RATIONALE

A Bank Management System is a software application that is designed to automate and

streamline the day-to-day operations of a bank. There are several reasons why implementing
a bank management system is important:
 Improved efficiency: A bank management system helps to automate many of the manual
processes that are involved in running a bank, such as account opening, transaction
processing, and reporting. This helps to improve efficiency, reduce errors, and free up
staff time to focus on more complex tasks.
 Enhanced customer service: A bank management system can provide customers with
faster, more accurate access to their accounts, and enable them to carry out transactions
more easily. This can lead to increased customer satisfaction and loyalty.
 Better risk management: A bank management system can help to manage risks
associated with lending, credit analysis, and investment management. By providing real-
time information about customer accounts and financial transactions, banks can better
identify and mitigate potential risks.
 Improved decision-making: A bank management system provides banks with access to a
wide range of data and analytics that can help them make better decisions about lending,
investment, and risk management. This can lead to improved profitability and reduced
risk.
 Compliance with regulations: Banks are subject to a range of regulations and
compliance requirements. A bank management system can help to ensure that banks
comply with these regulations by providing tools for tracking and reporting on
compliance-related activities.
In summary, implementing a bank management system can help banks to improve efficiency,
enhance customer service, manage risk, make better decisions, and comply with regulations.

AIM OF MICROPROJECT

A Bank Management System aims to automate and streamline the day-to-day operations of a
bank, improving efficiency and enhancing customer service. It enables better risk
management, decision-making, and compliance with regulations. The system provides real-
time access to account information, reduces errors, and frees up staff time to focus on more
complex tasks. Ultimately, a Bank Management System aims to optimize banking operations
and provide a more streamlined and customer-centric experience.
 COURSE OUTCOME ACHIEVED

 Understanding of banking processes.

 Familiarity with banking technology.
 Improved efficiency in operations.
 Enhanced customer service.
 Better risk management.
 Compliance with regulations.

ACTUAL METHODOLOGY FOLLOWED

The actual methodology for developing a Bank Management System in Java may vary
depending on the specific project requirements and the development team's preferences.
However, a common approach is as follows:
 Requirement Analysis: This involves understanding the business requirements and
translating them into software requirements. The development team will identify the
various features required for the system, such as account management, transaction
processing, and reporting.
 Design: The development team will create a design document outlining the
architecture, components, and modules required for the Bank Management System.
They will also decide on the programming language and development framework to
use for the project.
 Implementation: The team will start implementing the system based on the design
document, using Java programming language and the selected development
framework. They will also test each module and component as they develop them.
 Testing: After completing the implementation phase, the development team will carry
out unit testing, integration testing, and system testing to ensure the system meets the
requirements and is bug-free.
 Deployment: The team will deploy the system to the production environment after
testing is complete. They will also provide user training and support to ensure the
system is used correctly.
 Maintenance: Once the system is deployed, the development team will provide
ongoing maintenance and support, including bug fixes, upgrades, and new feature
additions.
In summary, the methodology for developing a Bank Management System in Java involves
requirement analysis, design, implementation, testing, deployment, and maintenance.
 RESOURCES USED

Resources used for developing a Bank Management System in Java :

 IDE (Integrated Development Environment) such as Eclipse, NetBeans, or IntelliJ
IDEA.
 JDK (Java Development Kit) to develop and run Java applications.
 DBMS (Database Management System) like MySQL, PostgreSQL, or Oracle
Database to store and manage data.
 Java frameworks and libraries like Spring, Hibernate, and Struts to simplify code and
speed up development.
 Code repositories such as GitHub or Bitbucket to store and collaborate on source
code.
 Online resources like Oracle's Java documentation, Stack Overflow, and GitHub
repositories for learning and collaboration.

SYSTEM REQUIRMENTS

Requirement Description

Operating System Compatible with Windows, Linux, or macOS

Java Runtime Environment Latest version of JRE required, downloadable from

Oracle website

Processor At least 2 GHz clock speed

Memory At least 4 GB RAM

Storage At least 10 GB storage capacity for code, database, and

user data

Network Stable internet connection required for online banking

transactions

Security Adequate security features such as firewalls, encryption,

and user authentication mechanisms
 ADVANTAGES

Here are some advantages of implementing a Bank Management System:

 Improved Efficiency: The automation of routine banking tasks like account creation,
transaction processing, and report generation can significantly improve the overall
efficiency of bank operations.
 Increased Accuracy: Automated systems are less prone to errors compared to manual
systems, reducing the risk of data entry errors and other mistakes.
 Enhanced Security: Bank Management Systems can have built-in security features
like user authentication and encryption, protecting sensitive user data and
transactions.
 Better Customer Service: Bank Management Systems can provide customers with
faster and more convenient access to their account information, as well as the ability
to perform transactions online.
 Real-time Monitoring: With Bank Management Systems, banks can monitor
transactions and account activities in real-time, reducing the risk of fraudulent
activities.
 Cost-effective: Automating routine tasks with a Bank Management System can reduce
the need for manual labour, leading to cost savings for the bank.
Overall, implementing a Bank Management System can improve efficiency, accuracy,
security, customer service, and cost-effectiveness for the bank.

GRAPHICAL USER INTERFACE (GUI)

CODE –

import java.util.Scanner;
public class BankManagementSystem {
private static Scanner scanner = new Scanner(System.in);
private static int balance = 0;

public static void main(String[] args) {

System.out.println("Welcome to Bank Management System!");
while (true) {
System.out.println("1. Check Balance");
System.out.println("2. Deposit");
System.out.println("3. Withdraw");
System.out.println("4. Exit");
System.out.print("Enter your choice: ");
int choice = scanner.nextInt();
switch (choice) {
case 1:
checkBalance();
break;
case 2:
deposit();
break;
case 3:
withdraw();
break;
case 4:
System.out.println("Thank you for using Bank Management System!");
System.exit(0);
default:
System.out.println("Invalid choice! Please try again.");
}
}
 }

private static void checkBalance() {

System.out.println("Your current balance is: " + balance);
}

private static void deposit() {

System.out.print("Enter amount to deposit: ");
int amount = scanner.nextInt();
balance += amount;
System.out.println("Deposit successful! Your new balance is: " + balance);
}

private static void withdraw() {

System.out.print("Enter amount to withdraw: ");
int amount = scanner.nextInt();
if (amount > balance) {
System.out.println("Insufficient balance!");
} else {
balance -= amount;
System.out.println("Withdrawal successful! Your new balance is: " + balance);
}
}
}

OUTPUT –
APPLICATIONS OF BANK MANAGEMENT SYSTEM
  Account Management: Bank Management Systems can be used to create and manage
customer accounts, allowing users to view account balances, transaction histories, and
transfer funds.
 Loan Processing: Bank Management Systems can automate loan processing tasks like
application submission, eligibility checks, and disbursement.
 Online Banking: Bank Management Systems can provide customers with secure
online banking facilities, allowing them to access their accounts, transfer funds, pay
bills, and apply for loans online.
 ATM Management: Bank Management Systems can manage ATM operations,
including cash management, transaction processing, and maintenance.
 Risk Management: Bank Management Systems can assist in managing financial risk
by monitoring and analysing financial data in real-time.
 Compliance Management: Bank Management Systems can help banks comply with
regulatory requirements by maintaining records and generating reports for audits and
inspections.
 Data Analytics: Bank Management Systems can analyse financial data to identify
trends, forecast market conditions, and make informed business decisions.

FUTURE SCOPE

Bank Management Systems are expected to continue to evolve and improve in the future.
Here are some potential future advancements in the field:
 Artificial Intelligence (AI): The integration of AI technology can enable Bank
Management Systems to analyse large amounts of data in real-time, identify patterns,
and make data-driven decisions.
 Mobile Banking: With the increasing use of mobile devices, Bank Management
Systems can offer more advanced and secure mobile banking services, allowing
customers to perform transactions on-the-go.
 Blockchain Technology: The integration of blockchain technology can provide secure
and transparent transaction processing and improve the overall security of the banking
system.
 Big Data Analytics: With the increased availability of big data, Bank Management
Systems can analyse and utilize data in more advanced ways to provide personalized
financial solutions for customers.
 Chatbots: The integration of chatbots can enable Bank Management Systems to
provide instant and personalized customer support, improving overall customer
experience.

ACTION PLAN
Sr. Details of Activity Planned Planned Name of
No. Start finish responsible
date date team
members
1. Group Discussion 18-03-2023 20-03 -2023 All

2. Searching project topics in 21-03-2023 25-03-2023 All

syllabus

3. Selection of microproject 26-03-2023 10-04-2023 All

4. Gathering information 11-04-2023 15-04-2023 All

5. Distribution of work to 16-04-2023 22-04-2023 All

be done

6. Report Preparation 23-04-2023 25-04-2023 All

7. Submission 25-04-2023 30-04-2023 All

REFERENCES

JAVA Programming Textbook MSBTE Syllabus

www.geeksfoegeeks.org
https://www.tutorialspoint.com