Interest Calculation Module:

Term Deposit Module interest is calculated as per the formulation given in the s
ystem parameters. I.e.
Term deposit interest is calculated on Monthly, quarterly, Half yearly, Yearly o
r on maturity basis with simple or
cumulative compounding pattern. Interest for simple interest is calculated on th
e deposit amount and paid or
provisioned for final payment at the time of maturity. Compound interest is paid
into the same account and
cumulated on the quarterly or half yearly basis. It can be provisioned or credit
ed into the same account. The list of
different payable/paid interest can be generated by the system account wise.

Loan Interest Calculation: Loan interest is calculated by the system on the basi
s of term loan and cash credit
type accounts. Interest calculation can be done simple or compound interest patt
ern. generaly compunding is
performed by every banks. also the late repayment is charged with overdue intere
st rate and can be kept separetely
or debited into the same account as interest is debited. also for the overdue /
npa accounts interest can
be provisioned and kept separetely but interest is cumulated.
Reports Module
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This module allows to generate the reports required by the branches like day boo
k, cash book, trial balance,
profit and loss statement, balancesheets or account opening register, modificati
on register, cheque book
register, stop payment register, account balancing reports etc. these reports ca
n be generated by the branches
or generated by the head office for selected branches or all the branches as and
when required by the head office.
because of the central banking database it is possible to get any report which p
rovides the complete information
about the bank financial stregnth or weakness. also use for for decision making
to run the bank.

Internet banking module.

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This module allows customer to perform the different kind of banking with help o
f interest option provided.
Customer can check the balance at any time, can transfer funds into his differen
t accounts, generate statements
time to time and as and when required. Only limited scope of transactions are pr
ovided through this system.
also customer can float different requisitions for checks, balance certificates,
no dues certificates etc.

Deposit and loan Maturity Module

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Deposit module allows to premature/ mature accounts as per the maturity period.
Automatically transactions
are posted to specified accounts. When the account is not matured and asked by c
ustomer to close the same
system checks the period elapsed and apply the interest rate applicable for the
period elapsed and subtract the
less percent for premature and recalculate the interest and check whether the in
terest paid is exceeding the
calculated or lesser as per the term interest reversed by the system. For loan a
ccounts interest is calculated
for the remaining period after the monthly calculation and posted to account hol
der account and if any receivable
in form of interest or miscellaneous is on account the it is also reversed and p
osted to customer's account
which has to be paid by the customer to close his loan account. system automatic
ally post all the entries
after showing the abstract.

Daily Deposit Module

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This module is also called pigmy module. several agents are appointed by the ban
k to collect the money from the
customer and deposit it with the list of collections to the concerned branch. th
e branch official post all the
entries into the individual accounts and passbook is given an entry effect by th
e agent. interest is calculated
on the simple maturity basis and posted to daily deposit account.

Standing Order Module

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This module allows customer to specify standing orders request where funds are i
n a specific frequency of month,day,
year is required and customer need not want to come to branch for the same purpo
se, he can give the request to
transfer a certain amount from his saving/cash credit account to daily deposit/r
ecurring deposit account where
system automatically as per frequency transfers the fund by debiting saving/cash
credit account and crediting
daily deposit/rd account. the track is maintained by the system of automatic ent
ries.

Background
------------
banking industry is the biggest industry in the indian business. it produces lot
of funds, jobs into the market.
so there are lot of private, commercial and urban, district level banks given li
censes to start financial business.
our product specifically targets the all kind of co-opeartive sector banks to au
tomize their processes.

Object
--------
Our objective through this application is to standerdise the banking practises a
nd smothen the operations so that,
bank can spend more time to serve the customer and minimize the time service to
be given for business growth.
Problem Definition
-----------------
Currently lot of banks have problems in tallying their accounts and identify the
non performing assets because of
incorrect accounting practises and manual work. lot of efforts are taken by the
banks to calculate the actual
flows of the funds, assets, liabilities because of manual accounting practises o
r human errors. also the reporting
time is very time consumuing because of the manual work used by lot of banks fro
m so many times. it takes so much
efforts to consolidate the data and produce reporting to high level managements.

Purpose and scope

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Purpose : our purpose is to minimize the percentage of the problems listed into
the point problem defition so that,
the banks can achieve their targets grow their business and provide more employm
ents to the industry.
Scope: Our scope is to computerize the banking industry and litereate the employ
ees, so that, they can spend more time
in giving service to their customers and spend maximum recoveries and quality se
rvice.
Proposed System
---------------
Proposed system is completely analyzed with the requirements of the banking indu
stry and catching up their processes
and make a user friendly low requirement application which can be centrally loca
ted and available 24*7 to their customers
and efficient providing reporting MIS to higher management. It is a webbased sol
utions developed in the latest technology
called Microsoft.Net and Database MSSqlServer. The system is capable to mirror i
ts data to avoid distaster and fullproof
solutions.
Requirements and Analysis
-------------------------
The proposed system requires only high configured Application and Database Serve
rs with Sanbox and atleast 2MBPS
Network facility by way of RF or Lease Lines to perform satisfactorily. Also sys
tem requires windows 2003 or 2008 Servers
with IIS and SQL2005 or SQL2008 Database. As this is the web application it requ
ires clients with any operating system
and InternetExplorer to run the same. It is observered that, the .Net is wastly
used for development of applcations so
it is used for the development.

Planning and Scheduling