Internet Banking System

Abstract

Online banking also known as internet banking, E-banking or virtual banking is an electronic payment system that enables customer of a bank or other functional institute to conduct the range of financial transaction through the financial institutions website. The online banking system will typically connect to or be part of the core banking system operated by a bank. To access a financial institutions online banking facilities, a customer with the internet access would need to register with institution for service and set up a password and other credentials for verification. The user login into the website using their username and password. The user can link the Aadhar card to the account by updating the Aadhar card number. Then the estimated balance amount in the user account will be displayed. If the amount is deposited in the account, the account balance will be displayed to the user. The money transaction can be performed from one user account to the other user account. All the transaction details can be viewed by the user. It provide the easiest way to perform the transactions.

Existing System

In the existing system, the banking process are performed manually. The user need to go the specific bank to create the account. Then the user debit or credit the amount as a manual process. In the manual process the user cannot credit or debit the account for 24 hours because the bank get closed after the specified time. It makes the more transportation cost for the user.

Proposed System

In the proposed system, the online banking process is activated for 24 hours. The user register into the website by providing the personnel details such as username, password, mail Id, account information such as account name, account number etc. After registered into the website the user login into the website by using the username and the password. The user can link the aadhar card to their bank account. The estimated bank balance details are checked by the user. The user can deposit and credit the amount from the bank. Transactions are performed from one account to the account. All the transaction history are stored. The user can view the transaction history as the table format and also as graph format.

Architecture

Architecture Diagram