Banking Management System

Analysis

Banking Management System Version <1.0>

Prepared By: Akash Sharma Ankit Dubey Priyanka Bansal Rishav Agarwal

1. Outline
1.1 Introduction to the banking system 1.2 Objective 1.3 Problem with Existing system

2. System Features 3. Data Flow Diagram 4. Process Specification 5. Data Dictionary 6. Design

Outline
1.1 Introduction to the banking system
Bank is the place where customers feel the sense of safety for their property. In the bank, customers deposit and withdraw their money. Transaction of money also is a part where customer takes shelter of the bank. Now to keep the belief and trust of customers, there is the positive need for management of the bank, which can handle all this with comfort and ease. Smooth and efficient management affects the satisfaction of the customers and staff members, indirectly. And of course, it encourages management committee in taking some needed decision for future enhancement of the bank. Now a day, managing a bank is tedious job up to certain limit. So software that reduces the work is essential. Also todays world is a genuine computer world and is getting faster and faster day-by-day. Thus, considering above necessities, the software for bank management has became necessary which would be useful in managing the bank more efficiently.

1.2 Objective
Our software will perform and fulfill all the tasks that any customer would desire.

Our motto is to develop a software program for managing the entire bank process related to customer accounts, employee accounts and to keep each every track about their property and their various transaction processes efficiently.

Hereby, our main objective is the customers satisfaction considering todays faster world.

1.2

1.3 Problem with the Existing System

Lack of security of data. More man power. Time consuming. Consumes large volume of pare work. Needs manual calculations. No direct role for the higher officials. Damage of machines due to lack of attention.

To avoid all these limitations and make the working more accurately the system needs to be computerized.

System Features
A bank is a financial institution and a financial intermediary that accepts deposits and channels those deposits into lending activities, either directly or through capital markets. A bank connects customers that have capital deficits to customers with capital surpluses. Banks act as payment agents by conducting checking or current accounts for customers, paying checks drawn by customers on the bank, and collecting checks deposited to customers' current accounts. Products: Retail banking Checking account Savings account Certificate of deposit (CD) Credit card Debit card Personal loan

The law implies rights and obligations into this bank-customer relationship as follows: The bank account balance is the financial position between the bank and the customer: when the account is in credit, the bank owes the balance to the customer; when the account is overdrawn, the customer owes the balance to the bank. The bank agrees to pay the customer's checks up to the amount standing to the credit of the customer's account, plus any agreed overdraft limit. The bank may not pay from the customer's account without a mandate from the customer, e.g. a check drawn by the customer. The bank agrees to promptly collect the checks deposited to the customer's account as the customer's agent, and to credit the proceeds to the customer's account. The bank has a right to combine the customer's accounts, since each account is just an aspect of the same credit relationship. The bank has a lien on checks deposited to the customer's account, to the extent that the customer is indebted to the bank. The bank must not disclose details of transactions through the customer's accountunless the customer consents, there is a public duty to disclose, the bank's interests require it, or the law demands it. The bank must not close a customer's account without reasonable notice, since checks are outstanding in the ordinary course of business for several days.

Banking system:
The Domain "Banking System" keeps the day by day tally record as a complete bank. It can keep the information of Account type, account opening form, Deposit form, Withdrawals, Searching the transaction, Transaction report, Individual account opening form and Group Account.

AIM:
In the existing system the transactions are done only manually but in proposed system we have to computerize all the banking transaction using the software Banking System. They are: ADMINISTRATIVE MODULE This module is the main module which performs all the main operations in the system. The major operations in the system are: Account Opening Form Deposit Withdrawal Account type Searching Transaction Transaction report