Bank Management System

 

Introdcution

One example of an online banking site is the "Bank Management System" project. Customers can use a PC or laptop to do basic banking operations from the comfort of their homes or offices thanks to this website. Customers can create accounts, deposit and withdraw funds, and check reports of all accounts that are currently open using the system. Customers can examine their account details and conduct account transactions as needed by visiting the bank's website. Internet banking gives the idea of virtual banking a tangible form by transforming the old banking system's brick and mortar into a click and portal model.

Anyone with an account with this bank is eligible to join the Bank Account Management System. He must provide his account number and personal information on a form. Customers can feel secure knowing that their stuff is safe at the bank. Customers deposit and withdraw money at the bank. Money transactions are another area where customers turn to the bank for protection. The bank's management must be able to handle all of this with comfort and ease in order to maintain the confidence and trust of its clients.

Today, operating a bank is a tiresome job up to a certain point. So software that reduces work is critical. In addition, today's world is a genuine computer world that is becoming increasingly faster by the day. Thus, in light of the aforementioned requirements, bank management software has emerged as a crucial tool for more efficient bank management.

All transactions are completed online by transferring funds from accounts at the same bank or an overseas bank. The software is meant to overcome the drawbacks of the manual system

Objectives

• The following are typical goals for the Bank Management System:
• satisfying the needs of the client.
• preserving the assets of the bank.
• safeguarding deposits in banks.
• lowering the dangers.
• manipulating banking transactions, such as withdrawals, deposits, loans, etc., with immediate confirmation.
• improving the accounting system and saving time.
• boosting worker productivity.
• quicker access to information and data.
• efficient and equitable operation of the company.
• expanding the organization's dispersed region.
• constructing a system of natural and ideal interactions between the components of banking mechanisms in order to make money.
• creating an application that could store bank information and offer a user interface for 100% accurate customer data retrieval.
• enabling users to edit existing user account information, add new customer accounts, and delete existing accounts.

Goal and Range

Goal:

The goal of a bank management system is to create an organic and optimal interaction system among the components of banking mechanisms in order to profit. The system is intended to store bank data and provide an interface for getting customer-related information with 100% correctness.

The components of the bank management system vary based on the bank, but in general, the system contains core banking to manage basic transactions, loans, mortgages, and payments, which are available via ATM, mobile banking, and branches. The government's supervision over the banking system is critical, and bank management ensures that clients receive quality service and that the customer, banks, and government all benefit.

The Online Banking System project records the tasks carried out by various positions in actual banking, offering improved methods for keeping the necessary data current, which leads to efficiency. The project provides a practical grasp of online banking systems and the tasks carried out by different supply chain roles.

Range:

Creating New Accounts- Customers can use the application to create two types of accounts: savings accounts and current accounts. It saves the customer the time and effort of physically visiting the bank to create/use these accounts.

Depositing Money- As the world's use of paper currency decreases, depositing or transferring money from one bank to another will be as simple as clicking a few buttons with this application.

Withdrawing Money- You can also send requests for money transfers through the application.

Account Holder List - This is a function for administrators. The administrator can access a list of all account holders.

Balance Enquiry: This application allows the user to check their balance.

Changing Passwords/PIN: The program makes it simple for customers to modify their passwords and PINs.

Closing: With this application, customers can now terminate their accounts.

Analysis of the System

Current Framework

There are numerous platforms and techniques used in the current Bank Management System:

• Mobile Apps
• Systems of Authentication
• Interface for ATMs
• System for Processing Transactions
• Benefits of the existing setup:
• The bank management system provides customers with a number of benefits.
• Key Bank offers free, quick, safe, and simple online banking.
• Access to accounts using the web application is quick, easy, and authenticated.
• Easily expandable to meet evolving system needs.
• Worldwide enterprise-wide information access.
• Enhanced data security that prevents unwanted access.
• Reduce the amount of storage space.

Current system limitations:

The client is required to keep the username and password they have on file with the bank private. The bank assumes that logging in with a legitimate username and password is a legitimate session that was started by the customer alone.

DESIGN OF THE SYSTEM

System for Bank Management

Module Division

There are two different kinds of modules in my project. All of the system's primary functions are carried out by this module, which is the core module. The system's primary functions are:

Module of Administration

There is an authorisation step before the administrator can access this project. You will be taken to the Admin Home Page if you are logged in as an administrator, and to your Account Home Page if you are a regular user. This carries out the following tasks: Create new accounts, manage ones that already exist, view all transactions, check balances, delete or close accounts, and more.

1. Login to the admin

2. Update, add, or remove an account

3. Transactions including withdrawals, deposits, and statements

4. Account Details

5. List of user details

6. Account status: active or inactive

7. Examine past transactions

Module for Users

A basic user can access their account and make deposits and withdrawals. Additionally, users can move funds between their accounts and any other bank account. The user can view both their balance inquiry and transaction report.

1. Log in using your PIN.

2. Establishing or opening a new account 3. Transfer of funds (domestic, international, and local)

4. Examine the transaction statements

5. User account information

6. Modify your pin and password