INTRODUCTION

1.1Banks have traditionally been in the forefront of new technology to improve their Products,

services and efficiency.

They have, over a long time, been using electronic and telecommunication networks for

delivering a wide range of value added products and services.

The delivery channels include direct dial-up connections, private networks; public networks etc

and the devices include telephone, personal computers including the “Automated Teller

Machines” etc.

With the popularity of PCs, easy access to Internet and WWW, Internet is increasingly used by

banks as a channel for receiving instructions and delivering their products and services to their

customers.

This from of banking is generally referred to as Internet Banking, although the range of products

and services offered by different banks vary widely both in their content.

1.2 The levels of banking services offered through INTERNET can be categorized into three

types:

(I) The Basic Level Services is the banks which disseminate

1. Information on different products and services offered to customers and members of public in

general.

It may receive and reply to customers queries through e-mail.

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(ii) In the next level are Simple Transactional Websites which allow customers to submit their

instructions, applications for different services ,queries on their account balances, etc , but do not

permits any fund-based transaction on their accounts,

(iii) The third levels of internet banking services are offered by Fully Transactional Websites

which allow the customers to operate on their accounts for transfer of funds, payment of different

bills, subscribing to other products of the bank and to transact purchase and sale of securities,

etc.

1.3 The banking products and services being offered through internet ,Internet Banking is

nothing more than traditional banking services delivered through an electronic communication

backbone, internet.

Some of the features of Banking are:-

1. It has added a new dimension to different kinds of risk traditionally associated with banking

and throwing new control challenges.

2. Security of banking transactions, customers’ privacy, etc.

3. Easy way of saving cash/money etc.

1.4 The “STATE BANK OF INDIA” may have its concerns about the impact of Internet

banking on its monetary and credit policies. As long as internet is used only as a medium for

delivery of banking services and facilitator of normal payment transactions, it may not impact

monetary policy .However ,when it assumes a stage where private sector initiative produces

electronic substitution of monetary like cheque ,account based cards and digital coins, its likely

impact on monetary system can not be overlooked. Even countries where banking has been

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developed, its impact on monetary policy has not been significant. In, India such concern, for the

present is not addressed as the Internet banking is still in its formative stage, etc.

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 EXISTING SYSTEM:-

Existing system works manually .It is depends upon paper work. Existing system take

long time if problem is complex or lengthy. It also requires additional paper work.

We get main draw backs of existing system from the initial investigation.

1. Require additional staff.

2. Consume lot of time.

3. Some-times gives wrong answer.

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 OBJECTIVE OF THE PROJECT

Based on the functional requirements study conducted as yet, following

actors for the BMS have been identified.

 Employees of the Bank

 Administrator

 Manager

 Accountant

 Guest

 Cashier

From the user’s perspective, the project will serve following goals:

 The Employee will be given a better user interface in terms of

providing online information on the BMS application forms, and a

chance to correct the wrong info if entered without going for new

stationary.

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  The different employees will be allowed to select only those forms that

are relevant to them and whose reports will require to be generated.

 The Employees will be reported the errors and cause of errors which

causes the Application to tail the transaction. The errors messages will

point line which causes the possible error as well as if possible the hints

to correct errors will also be provided.

The Primary Goal of this Application will be to reduce the manual work

and effective reductions in expenses incurred in the manual system.

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 SYSTEM DEVELOPMENT LIFE CYCLE

The Systems Development Life Cycle (SDLC) is a conceptual model used in project

management that describes the stages involved in an information system development project

from an initial feasibility study through maintenance of the completed application. Various

SDLC methodologies have been developed to guide the processes involved including the

waterfall model (the original SDLC method), rapid application development (RAD), joint

application development (JAD), the fountain model and the spiral model. Mostly, several models

are combined into some sort of hybrid methodology. Documentation is crucial regardless of the

type of model chosen or devised for any application, and is usually done in parallel with the

development process. Some methods work better for specific types of projects, but in the final

analysis, the most important factor for the success of a project may be how closely particular

plan was followed.

The image below is the classic Waterfall model methodology, which is the first SDLC method

and it describes the various phases involved in development.

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 BRIEFLY ON DIFFERENT PHASES:

FEASIBILITY

Feasibility studies aim to objectively and rationally uncover the strengths and
weaknesses of an existing business or proposed venture, opportunities and threats as presented
by the environment, the resources required to carry through, and ultimately the prospects
for success.[1][2] In its simplest terms, the two criteria to judge feasibility are cost required
and value to be attained.[3] As such, a well-designed feasibility study should provide a historical
background of the business or project, description of the product or service, accounting
statements, details of the operations andmanagement, marketing research and policies, financial
data, legal requirements and tax obligations. Generally, feasibility studies precede technical
development and project implementation.

FIVE COMMON FACTORS

Technology and system feasibility

The assessment is based on an outline design of system requirements in terms of Input,

 A brief description of the business to assess more possible factor/s which could affect the
study
 The part of the business being examined
 The human and economic factor
 The possible solutions to the problems

At this level, the concern is whether the proposal is both technically and legally feasible
(assuming moderate cost).

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ECONOMIC FEASIBILITY

Economic analysis is the most frequently used method for evaluating the effectiveness of a new
system. More commonly known as cost/benefit analysis, the procedure is to determine the
benefits and savings that are expected from a candidate system and compare them with costs. If
benefits outweigh costs, then the decision is made to design and implement the system. An
entrepreneur must accurately weigh the cost versus benefits before taking an action.

Cost-based study: It is important to identify cost and benefit factors, which can be categorized as
follows: 1. Development costs; and 2. Operating costs. This is an analysis of the costs to be
incurred in the system and the benefits derivable out of the system.

Time-based study: This is an analysis of the time required to achieve a return on investments.
The future value of a project is also a factor.

LEGAL FEASIBILITY

Determines whether the proposed system conflicts with legal requirements, e.g. a data processing
system must comply with the local Data Protection Acts.

OPERATIONAL FEASIBILITY

Operational feasibility is a measure of how well a proposed system solves the problems, and
takes advantage of the opportunities identified during scope definition and how it satisfies the
requirements identified in the requirements analysis phase of system development.[4]

SCHEDULE FEASIBILITY

A project will fail if it takes too long to be completed before it is useful. Typically this means
estimating how long the system will take to develop, and if it can be completed in a given time
period using some methods like payback period. Schedule feasibility is a measure of how
reasonable the project timetable is. Given our technical expertise, are the project deadlines
reasonable? Some projects are initiated with specific deadlines. You need to determine whether
the deadlines are mandatory or desirable.

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 DATA FLOW DIAGRAMS FOR “BANKING SYSTEM”
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HARDWARE AND SOFTWARE REQUIREMENTS:-

 HARWDARE:

 One PC-P-3 with

 128 MB RAM

 10 GB HARD DISK

 1.4 MB FLOPPY DISK

 SOFTWARE

 OPERATING SYSTEM WINDOW 2000,XP,7

 FONT END :VISUAL BASIC 6.0

 BACKEND:SQL

 RECOMMENDED FOR ENHANCED

 PERFORMANCE

 ONE PENTIUM 3 MHZ WITH

 128 MB RAM

 512 GB HARD DISK

 INK-JET PRINTER

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