MOBILE BANK SIMULATION

MOBILE BANK SIMULATION

ABSTRACT

            Mobile bank simulation isn’t out to change your money habits. Instead, it uses today’s computer technology to give you the option of by passing the time-consuming, paper-based aspects of traditional banking in order to manage your finances more quickly and efficiently.

            For years, financial institutions have used powerful computer networks to automate millions of daily transactions; today, often the only paper record is the customer’s respect at the point of sale. Now that its customers are connected to the Internet via personal computers, banks envision similar economic advantages by adapting those same internal electronic processes to home use.

            It provides a system for the user to access his bank account through his mobile. The system also enables the user to pay his bill through the mobile as well as pay for some other services, which he has availed. The mobile banking system is not just for payment but a user of the system can also transfer money through the system. He can receive from his bank or from his business associate or friend or other person who is also connected to the system.

MODULES

·         Account balance enquiry

·         Statement enquiry

·         Access account history

·         Transfer fund between accounts

·         Password change

·         Message alert

·         Bill payment

PROJECT DESCRIPTION

              Since the advent of banking services in the Middle Ages, bank customers have used paper-based instrument to move between accounts. In the past few years, electronic messages moving through private networks have largely replaced paper for most of the message exchanged among banks each day. MOBILE BANK SIMULATION System is the first step in among users.

 It comes as no surprise to one, that when everything is being converted to electronic then how business and banking can be left behind. Already, the business has global growth with that of internet. Now, no more the individual aims at the local markets, is also just a click of button away. Dozes of companies are in the race to convince bankers and merchants, that a pot of gold awaits those who conduct their business on the internet. in this fast race of business and moneymaking, no country and no individual  want to fall back. Everyone wants to lead the group.  Hence, everyone is trying to make the best use of internet.

      This system would provide all the information to the user by the click of his finger over the mobile keypad. The information would be handy providing additional comfort. The user need not had to take effort to collect information .he would not require any prior plan before his travel through mobile.

The proposed system contains the modules,

·      Registration process

·      Processes through mobile.

Online registration:

     

            This module gives full information about the particulars registered by user. If the user wants to register newly he should enter the personal details and the type of account information so that the WAP registration form is correspondingly generated if the account type is current account, if he is a fixed deposit account WAP registration form is not generated to that particular account holder.

                                                                                                                                                                           

            The option gives full information about the user details; it also has another 2 option to select as account type. First one is fixed deposit holder, it means that particular amount is deposited in the bank for a particular duration and the user is allowed to perform operations within the interest amount and the second one the current account type, here the user is allowed for WAP registration and allowed to access his account information through his mobile.

Process through mobile:

            This module contains many sub modules in it. They are

·         Account balance enquiry

·         Statement enquiry

·         Access account history

·         Transfer fund between accounts

·         Message alert

·         Bill payment

·         Password change

Account Balance Enquiry:

                This form is used to display the current amount details of the customer with the date of entry. When the customer enters the password and id these information are displayed.

Statement Enquiry:

           This form is used to display the transaction details and when they have occurred. The user must enter the starting date and ending date, then it will display the account details of that specific period.

Access Account History:

           The function of this form is used to access our account details and display by ourselves.

Transfer Fund Between Accounts:

            The user must enter the account number and amount to be transferred to whom he wants to transfer the amount. The user should not transfer more money than his balance amounts then it will shows the warning message like “You are not eligible to transfer money”.

Message Alert:

                          The function of this form is used to alert to user whenever transaction occurs on their account

                        . For example, if the customer wishes to pay telephone bill, then a message is received from their account in their mobile (you had to pay the telephone bill of this amount).  

Bill Payment:

                    This module is used to pay the bill amount like Electrically Bill, Telephone Bill, etc.

                        For example, if the customer wishes to pay telephone bill, then just enter telephone number and amount. The amount will be subtracted from his account.

Password Change:

         This form is used to get the password from the customer, if the previous password is known to anyone.

             He can change the password. Hence, the proposed system Mobile Bank Simulation has reduced much of the work and time of bank customers as the process is done through mobile.

SYSTEM ANALYSIS

System analysis focuses on specifying for what the system or the application is required to do. It allows the individuals to see the logical elements (what the system should do) apart from the physical components it uses (computers, terminals and storage system). It is the process of gathering and interpreting facts, diagnosing problems and using the information to recommend improvements to the system.

Existing System:

The existing system is the manual system. The manual system is prone to error. It is time consuming. It is very difficult for a person to produce the report. The large volume of data has to be handled with regard to various transactions and to view that particular information is very tedious. There are chances for changing the scheme report and do malpractice. This system involves many manual entries with the applications to perform the desired task.

Limitations:

·        It’s not possible to check his demand daft details, Cheque details if the other person passes a demand draft or Cheque.

·         The customer can’t be able to transfer the money without the banking people and impossible to pay the other payment such as Telephone, Electricity Bill.

·         If the customer wish to view his account details for the last month, last week. Its very difficult process.

Proposed System:

                   The proposed system is designed to eliminate the drawback of the existing system. It is designed by keeping to eliminate the drawbacks of the present system in order to provide a permanent solution to the problems. The primary aim of the new system is to speedup the transactions. The report is prepared for the schemes and implemented by the concerned officials.

                        Since the advent of banking services in the Middle Ages, bank customers have used paper-based instrument to move money between accounts. In the past few years, electronic messages moving through private networks have largely replaced paper for most of the messages exchanged among banks each day. Mobile Banking System is the first step in electronic replacements for traditional forms of payments in the banks and among users.

FEASIBILITY STUDY:

                        Feasibility study is an important task in system analysis. It ensures whether to precede the development of the project or stop by conducting study on four primary areas.