DESIGN AND IMPLEMENTATION OF ACCOUNT HOLDERS INFORMATION SYSTEM FOR A MICROFINANCE BANK

ABSTRACT

The Bank Holders Account Information System is an application for maintaining a person’s account in a bank. In this project I tried to show the working of a banking account system and cover the basic functionality of a Bank Account Management System. Creating and managing user account is a challenge of any IT firm. Currently banks use the manual method of documenting and managing user accounts. This system has proven to yields many faults as there are always mismanagement if records. Some software already in place is not functional enough and does not have the required functionalities. To develop a system for managing user accounts is necessary. This project has been developed to carry out the processes easily and quickly, which is not possible with the manuals systems. The project analyzes the system requirements and then comes up with the requirements specifications. It studies other related systems and then come up with system specifications. The system is then designed in accordance with specifications to satisfy the requirements. The system design is then implemented with MYSQL, PHP and HTML. The system is designed as an interactive and content management system. The content management system deals with data entry, validation confirm and updating whiles the interactive system deals with system interaction with the administration and users. Thus, above features of this project will save transaction time and therefore increase the efficiency of the system.

CHAPTER ONE

Introduction

1.1 Background Of The Study

The “Account Holders Information System” project is a model Internet Banking Site. This site enables the bank workers to effectively manage users accounts in the bank. The system provides the access to the customer to create an account, deposit/withdraw the cash from his account, also to view reports of all accounts present. The customers can access the banks website for viewing their Account details and perform the transactions on account as per their requirements. With Internet Banking, the brick and mortar structure of the traditional banking gets converted into a click and portal model, thereby giving a concept of virtual banking a real shape. Thus today’s banking is no longer confined to branches. E-banking facilitates banking transactions by customers round the clock globally. [Arestis, P., P, 2007]

Currently users accounts in Microfinance banks are managed manually. The aim of this “Account Holders Management System” is to provide an improved design methodology, which envisages the future expansion, and modification, which is necessary for a core banking sector. This necessitates the design to be expandable and modifiable and so a modular approach is used in developing the application software. Anybody who is an Account holder in this bank can become a member of Bank Account Management System. He has to fill a form with his personal details and Account Number. [Aziz, J. and C. Duenwald.(2002)]. 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’s, managing a bank is tedious job up to certain limit. So software that reduces the work is essential. Also today’s 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.All transactions are carried out online by transferring from accounts in the same Bank or international bank. The software is meant to overcome the drawbacks of the manual system.

1.2 Statement Of The Problem

The Traditional way of maintaining details of a user in a Microfinance bank was to enter the details and record them. Every time the user needs to perform some transactions he has to go to bank and perform the necessary actions, which may not be so feasible all the time. It may be a hard- hitting task for the users and the bankers too. The project gives real life understanding of Online Banking System and activities performed by various roles in the supply chain. Here, we provide automation for banking system through Internet. Online Banking System project captures activities performed by different roles in real life banking which provides enhanced techniques for maintaining the required information up-to-date, which results in efficiency. The project gives real life understanding of Online Banking System and activities performed by various roles in the supply chain.

1.3 Objectives Of The Study

The main objective of this study is to design an account holder’s information system for Micro finance banks. The aim is to ensure efficient user account management in banks. To achieve the stated objective, the following specific objectives were laid out:

Develop a banking system where users can login through the secured web page by their account login id and password.
Users will have all options and features in that application like get money from western union, money transfer to others, and send cash or money to inter banking as well as other banking customers by simply adding them as payees.
To design a software capable of preparing monthly statement of account from various revenue sources.
Design a secured database capable of storing large data with limited access functionality.
The system will be capable of preparing monthly and yearly statement of account of users

1.4 Scope Of The Study

The software has been developed using the most powerful and secure backend MYSQL database and the most widely accepted web oriented as well as application oriented. This system keeps the day by day tally record as a complete banking system. It can keep the information of Account type, account opening form, Deposit fund, Withdrawal, and Searching the transaction, Transaction reports, Individual account opening form, Group Account. The existing part of this project is; it displays Transaction reports, Statistical Summary of Account type and Interest Information. To getting started, if you want to try out online banking without committing, select our Online Banking. You don’t have to register in any way, so it’s a good way to check it out first before register. Once you register, you’ll have the choice of doing just basic banking and viewing your balance or doing more involved transactions like bill payments and transfers. The choice is yours. It really depends on how you like to bank. You will get a confirmation number after each transaction and you can always check the session summary to see what you’ve done. If you make a mistake, customer service is always available for your good kindness help.

Here are some of the features available through bank holders information:

1. View balances:

Firstly login your account with your account number and password. Then checking your balance doesn’t require much work. You simply select Account balances and take a look at your balance and past transactions. If you have more than one account, you can also do transfers between accounts.

2. Transfer funds:

When you select Transfer Funds, you’ll be asked where to transfer the money to and from, when, and the amount.

3. Set up recurring bill payments or transfers:

If you make a regular payment every month, it might be convenient to set up an automatic withdrawal from your account.

4. Monitor CIBC investments:

If you have any CIBC investments, you can keep an eye on those stocks or mutual funds here.

5. Pay bills:

To pay your bills online, you just need to add to your account the names of the companies you wish to pay bills to.

View our VISA* accounts: Always a good place to monitor your spend

…

CHAPTER TWO

2.0 Literature Review

2.1 Introduction

The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …

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Preliminary Pages,
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References and Appendix.

TABLE OF CONTENTS
PRELIMINARY PAGES

Title page
Approval page
Dedication
Acknowledgement
Table of Contents
Abstract
CHAPTER ONE
INTRODUCTION
1.1 Background …
⋮
CHAPTER TWO

LITERATURE REVIEW

2.1 Introduction

⋮

CHAPTER THREE

SYSTEM ANALYSIS AND DESIGN

3.1 Methodology Adopted

3.1.1 Problem Identification Using SSADM

3.2 Analysis of the Existing System

3.2.1 Dataflow of the Existing System

3.2.2 Disadvantages Of The Existing System

3.2.3 Weakness of the existing System

3.3 Feasibility Study

3.3.1 Economic Feasibility

3.3.2 Technical Feasibility

3.3.3 Operational Feasibility

3.4 Analysis of the Proposed System

3.4.1 Data Flow Diagram of the Proposed System

3.4.2 Advantages of the Proposed System

3.4.3 Justification of the Proposed System

3.5 Functional Requirements

3.5.1 Use Case Diagram Of The Admin / User Privileges

3.6 Data Requirements

3.7 High Level Model of the Proposed System

CHAPTER FOUR

SYSTEM DESIGN AND IMPLEMENTATION

4.1 Objectives of the Design

4.2 Cohesion and Decomposition High level Model

4.3 Control Center / Overall Dataflow Diagram

4.3.1 Proposed System Operation Flowchart

4.4 System Specification and Design

4.4.1 Input and Output Specification

4.4.2 Database Specification and Design

4.4.3 Data Dictionary

4.5 Choice and Justification of Programming Language

4.6 Program Documentation

4.7 Implementation Techniques

4.7.1 System Testing

4.8 Programming Module Specification

4.8.1 Installation

4.9 Computer Hardware Minimum Requirement

4.10 Software Requirement

4.11 Personnel / User Training

4.12 File Maintenance Module

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

5.1 Introduction

5.2 Summary

5.3 Conclusion

5.4 Recommendation

REFERENCES

APPENDIX A - “SOURCE CODE”

APPENDIX B - “OBJECT PROGRAM”

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