Siddh 1

Micro-Project Proposal
Micro Project for information about

Online banking system
Aims of the Micro-Project

a)To create various types of report and get more knowledge about how to make report.
b)We have chosen this micro project to get knowledge about Online Banking system.
c)Because of the micro project now we have get deep knowledge.
Course Outcome
a) Prepare software requirements specifications
b)
Apply project management and quality assurance.
3.0 Proposed Methodology

Collect the information of all the Online Banking system
I searched the micro project topics related to subject. Then selected micro project title. After
selection of topic searched and collected information related to selected topic. Then
completed proposal of micro project.
4.0 Action Plan
Sr.No Details of activity Planned Planned Name of

. Start Date Finish Responsible
date Team Members
Decide individual micro project Sonavane
1 Siddesh
2 Search micro project topics Sonavane
related To subject. Siddesh
3 Selection of micro project title Sonavane

Siddesh
4 Search information related to Sonavane
selected topic Siddesh
5 Sonavane
Collect information related to Siddesh
selected topic
6 Completion of micro project Sonavane
topic Proposal Siddesh
7 Sonavane
Analyze collected data For Siddesh
microProject report.
8 Finalize collected data For Sonavane
microProject report. Siddesh
Sonavane
9 Finalize Design & flow of Siddesh
Implementation
10 Sonavane
Flow of Implementation Siddesh
11
Implementation of report. Sonavane
Siddesh
12 Report preparation Sonavane

Siddesh
Sonavane
Siddesh
13 Finalization of report Sonavane Siddesh
Submission of report Sonavane Siddesh

14
Sr. no Name of Resource

/Material Qty. Remarks
Specifications
1 Processor 3.00 GHZ,RAM 4 1
Computer System GB,HDD 500 GB Used
2 Operating System Windows 7 1 Used
3 Text editor Microsoft Word 1 Used
4 Browser Mozilla Firefox, Google Chrome 1 Used
5 Printer HP Laser Jet 1 Used
6 Other resource Internet Connection 1 Used
Names of Team Members with Enrollment no
Name Enrollment no
1) Sonavane Siddesh Sandeep 2009920154
(To be Approved by the concerned teacher )
***********************
A
PROJECT REPORT
ON
“ONLINE BANKING SYSTEM”

SUBMITTED IN PARTIAL FULFILLMENT OF THE
REQUIREMENTS FOR THE AWARD OF
DIPLOMA
IN
COMPUTER ENGINEERING
SUBMITTED TO
MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION, MUMBAI
SUBMITTED BY: -
Sonavane Siddesh
GUIDED BY
( Ms.Thorat S.K )
SAMARTH POLYTECHINIC,BELHE
Online Banking System
Samarth
Polytechnic,Belhe. Page 1
SAMARTH POLYTECHINIC, BELHE
CERTIFICATE
This is to Certify that the project report entitled
“Online Banking System”

Was successfully completed by Student of Fifth semester Diploma in computer
engineering.
Name of Students Enrollment No.
Sonavane Siddesh 2009920154
In partial fulfillment of the requirements for the award of the Diploma in

Computer Engineering and submitted to the Department of Computer of Samarth
Polytechnic, Belhe work carried out during a period for the academic year 2022- 23 as
per curriculum.
Name of Guide Name of HOD Name of Principal

(Mr.Thorat S.K ) (Mr. nawale S.K) ( Mr. Kapile A.S)
Samarth
ACKNOWLEDGEMENT
This project is done as a Third semester project, as a part course titled
We are really thankful to our course the Principal Prof. Kapile A. S. and the HOD
Prof. Nawale.Sir Samarth Polytechnic, Belhe for his invaluable guidance and assistance,
without which the accomplishment of the task would have never been possible. We also
thank Prof. Thoarat S.K for giving this opportunity to explore into the real world and
realize the interrelation without which a Project can never progress. In our present project
we have chosen the topic-
We are also thankful to parents, friend and all staff of Computer engineering
department, for providing us relevant information and necessary clarifications, and great
support.
Sonavane Siddesh
Samarth
INDEX
Sr. No. Name of Chapter Page No.
Chapter 1 Synopsis 1
1.1. Project Title

1.2. Project option
1.3. Internal Guide
1.4. Problem statement
Chapter 2 Introduction 2
Chapter 3 Abstract 4
Chapter 4 Advantages And Disadvantages 6
Chapter 5 Working 9
5.1 Opening An Account
5.2 Making Deposit
5.3 Resolve Customer Issue
Chapter 6 Security 11
Chapter 7 Benefits 13
Chapter 8 Architecture 15
Chapter 9 Conclusion 16
Chapter 10 Referrence 17
Samarth
CHAPTER 1 SYNOPSIS
1.1 Project Title
1.2 Project Option None
1.3 Internal Guide Ms Thorat S.K
1.4 Problem Statement
To design the Online Banking system
Samarth
CHAPTER 2 INTRODUCTION
Online banking, also known as internet banking, web banking or home

banking, is an electronic payment system that enables customers of a bank or other
financial institution to conduct a range of financial transactions through the financial
institution's website. The online banking system will typically connect to or be part
of the core banking system operated by a bank to provide customers access to banking
services in place of traditional branch banking. Online banking significantly reduces
the banks' operating cost by reducing reliance on a branch network, and offers greater
convenience to customers in time saving in coming to a branch and the convenience
of being able to perform banking transactions even when branches are closed. Internet
banking provides personal and corporate banking services offering features such as
viewing account balances, obtaining statements, checking recent transactions,
transferring money between accounts, and making payments.
Banking transactions offered online vary by the institution. Most banks

generally offer basic services such as transfers and bill payments. Some banks also
allow customers to open up new accounts and apply for credit cards through online
banking portals. Other functions may include ordering checks, putting stop payments
on checks, or reporting a change of address.Checks can now be deposited online
through a mobile app. The customer simply enters the amount before taking a photo
of the front and back of the check to complete the deposit.Online banking does not
permit the purchase of traveler's checks, bank drafts, certain wire transfers, or the
completion of certain credit applications like mortgages. These transactions still need
to take place face-to-face with a bank representative.
Online banking requires a computer or other device, an Internet connection,

and a bank or debit card. In order to access the service, clients need to register for
their bank's online banking service. In order to register, they need to create a
password. Once that's done, they can use the service to do all their banking. Online
banking is fast and efficient. Funds can be transferred between accounts almost
instantly, especially if the two accounts are held at the same institution. Consumers
can open and close a number of different accounts online, from fixed deposits to
Samarth
recurring deposit accounts that typically offer higher rates of interest.Banking online
means accessing your bank account and carrying out financial transactions through
the internet on your smartphone, tablet or computer. It's quick, usually free and allows
you to carry out a number of tasks such as paying bills and transferring money,
without having to visit or call your bank.
Fig:- Data flow diagram of online Banking system
Samarth
CHAPTER 3 ABSTRACT
The online banking transaction system is the application system with the most
complex business, the most demanded, and frequent version updates in the software
engineering application system. The existing online banking business sub-module is
intelligent and faces major challenges in security.Online Banking is one of the most
important financial activities which will be carried out by any person who holds a
bank account. There are various activities that can be carried out once you log in to
your bank account. Once a user logs in he or she can check the bank balance, check
bank account transaction history or account summary, add beneficiary accounts,
transfer funds to another account, download account summary. Whenever we deal
with a banking system main concern should be the security related to banking
transactions and account login activity.
The Online Banking System as of now deals with a single sign-in log on and it
will not be secure as expected. If a customer logs on from an unknown system outside
the usual access device there are chances that it can be hacked easily and this might
end up with a lot of issues. There are chances that if the user forgets the password and
supposedly changes it and writes down the same somewhere and forgets to erase it or
scramble it, there are chances that anyone can misuse the login. Online banking
system can be considered as the one of the great tool supporting many customers as
well as banks and financial institutions to make may banking activities through online.
Every day banks need to perform many activities related to users which needs huge
infrastructure with more staff members etc. But the online banking system allows the
banks to perform these activities in a simpler way without involving the employees
for example consider online banking, mobile banking and ATM banking. But banking
system needs to be more secure and reliable because each and every task performed
is related to customer’s money. Especially authentication and validation of user access
is the major task in the banking systems.
3.1 Existing System:
The Online Banking System as of now deals with a single sign-in log on and it
will not be secure as expected. If a customer logs on from an unknown system outside
the usual access device there are chances that it can be hacked easily and this might
Samarth
end up with a lot of issues. There are chances that if the user forgets the password and
supposedly changes it and writes down the same somewhere and forgets to erase it or
scramble it, there are chances that anyone can misuse the login.
3.2 Proposed System:
Once a customer logs in he or she has to generate a transaction password for

online banking transactions. It will be an additional password apart from the login
username and password credentials. The third security system can be provided by
adding a graphical password generator which needs to be punched in before
confirming an online transaction. This will involve password strength meter also.
Authentication is an activity of linking an independent or an individual process

on the basis of username and password which basically consists of characters,
numbers, alphanumeric values, special characters etc. Most of the authentications are
complex, though they seem to be boring to the users and are very hard to remember.
Samarth
CHAPTER 4
ADVANTAGES AND DISADVANTAGES
 Advantages of online banking

In addition to being able to bank at any time, from anywhere, there are other
advantages to banking online. You may also be able to:
1. Pay bills online
This might be one of the top advantages of online banking because you don’t have to
take time out of your day to go to the bank. You can simply log into your account and
pay your bill online right away. For increased efficiency, you may also set up
automated bill payments, which helps you manage your cash flow when you have
monthly payments to and from vendors.
2. Transfer money
You may need to do a rapid money transfer to a client or vendor, or you may need to
transfer money from one account to another. Instead of sending a registered cheque
and waiting for it to clear, you may securely transfer the money online.
3. Deposit cheques online

Rather than driving to a bank branch and waiting in line, you may be able to deposit
cheques online in minutes. And because most financial institutions have an app that
replicates its services from your phone, you have the ability to always bank on the go.
Plus, some banks offer 24/7 customer service, so you can speak to a customer service
representative at any time.
4. Lower your overhead fees

If your business banks online, your banking fees may be lower, as online banks may
not have to pay for the cost and upkeep of branches, and those savings may be
transferred to you. Plus, they may have more no-fee options that add to your savings.
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 Disadvantages of online banking
While online banking is always improving, there are some disadvantages for
business owners reliant on immediate and constant access to their banking services.
1. Technology disruptions
Online banking relies on a strong internet connection. If your internet is disrupted
by a power outage, server issues at your bank, or if you’re in a remote location, your
ability to access your accounts might be affected. Scheduled site maintenance also
means you can’t access your accounts and may have to seek an alternative.
2. Lack of a personal relationship

A personal relationship with your bank may be able to offer an advantage over
online banking. If you need a business loan, a new line of credit, a waived fee or to
make changes to your current banking needs, having that relationship can help.In-
person banking relationships can also help you craft a business account tailored to
your specific needs. They can also make notes in your files about cheques, cash
deposits and international payments so you can avoid extended holds on your money.
An ideal relationship would be a blend of online banking for your day-to-day

transactions and a personal relationship with your banker to assist with bigger needs.
That way, you have multiple options to support your business.
3. Privacy and security concerns

Financial institutions have very good security, but no system is foolproof.
Valuable information is always prone to hacks, but you might be able to prevent this
if you: Always use the mobile app and the website directly. You should see a small
lock to the left of the search bar, which indicates the site is secure. Make sure you
have a strong password based on a combination of numbers, symbols and letters. It’s
also important to change your password regularly.
Do not click on any links in text messages if you haven’t agreed to that method of
communication. Use two-step authentication, which adds an extra layer of security.
Samarth Polytechnic,Belhe. Page 11

4. Limited services
Online banking features a lot of services, but some of them still require business
owners to go into banks to “wet sign” documents. This includes loan and credit
applications, a large cash withdrawal or large deposits. But as online banking
technology continues to evolve, you may eventually be able to electronically sign for
these in the future.

CHAPTER 5
WORKING OF ONLINE BANKING
Online banking works the same way traditional banking does, except the entire
process is handled online. That includes everything from opening your account to
managing it. If you're new to online banking, making the transition will be a bit of an
adjustment. You'll no longer be walking into a bank branch to open your account,
complete transactions, or resolve a problem. But online banking has evolved to the
point where just about anything you can do in a bank branch can now be done online.
5.1 Opening an Account

Rather than filling out a paper application in a bank branch, you'll complete an
application online instead. There's a major advantage to this process as It can be done
from the comfort of your home or office, and completed in a matter of minutes. Online
banks will even accept electronic signatures to complete the process. You'll need a
reliable Internet connection, as well as a desktop or personal computer, and/or a
mobile device. You also need to be able to link a third-party bank account to fund
your new account. And as is the case with opening any financial account, you'll need
to be prepared to verify your personal identity. That can include providing your Social
Security number, your driver's license number, or even a copy of your driver's license.
Any documentation that does need to be provided can be handled by scanning or
taking a photo, and uploading it to the online bank website. You'll need to create a
password to access your account, and you should expect the bank to perform micro
deposits to verify the connected third-party bank account. Once all that's been
completed, your account will be up and running.
5.2 Making Deposits

Not so many years ago, receiving a check meant going to a bank branch and signing
the check in the presence of a bank employee. You then needed to wait several days
for the deposited check to clear your account.All that's changed with online and
mobile banking. You can either scan the front and back side of the check
– or take a photo of it with your mobile device – then upload it to your online account.

Depending on your bank, the funds may be available as early as the next business
day.You can also transfer money from another checking account into your online
bank account. For example, if you have an account with a brick and mortar bank you
can make your deposit in person there and then transfer the money to your online
bank.
Also, online banks can not accept cash deposits so you'll need a traditional bank if
you deal with a lot of cash.
5.3 Resolving Customer Service Issues

Customer service issues are handled the same way with online banks as they are
with traditional banks. The only difference is that you'll handle them online or by
phone, instead of face-to-face. This can be done either by contacting the bank through
the online or mobile app or by calling an 800 number. Online banking has also given
rise to 24/7 customer service, so you can often resolve issues on your own schedule.

CHAPTER 6
SECURITY ISSUES OF ONLINE BANKING SYSTEM
5.1 Unencrypted Data
This is a very basic yet crucial part of good cyber security. All data stored on
computers within your financial institution and online should be encrypted. Even if
your data is stolen by hackers, it cannot be immediately used by them if it’s encrypted
– if left unencrypted, hackers can use the data right away, creating serious problems
for your financial institution.
5.1 Malware
End user devices – such as computers and cell phones – that have been compromised
by malware pose a risk to your bank’s cyber security each time they connect with
your network. Sensitive data passes through this connection and if the end user device
has malware installed on it, without proper security, that malware could attack your
bank’s networks.
5.1Third Party Services that Aren’t Secure

Many banks and financial institutions employ third party services from other vendors
in an effort to better serve their customers. However, if those third-party vendors
don’t have good cyber security measures in place, your bank could be the one that
suffers. It’s important to look into how you can protect from security threats imposed
by third parties before you deploy their solutions.
5.1Data That Has Been Manipulated
Sometimes hackers don’t go in to steal data – they simply go in to change it.

Unfortunately, this type of attack can be difficult to detect right away and can cause
financial institutions to incur millions of dollars in damages, if not more.
Because the altered data doesn’t necessarily look any different than unaltered data on
the surface, it can be challenging to identify what has and hasn’t been altered if your
bank has been attacked in this manner.

6.5Spoofing
A newer type of cyber security threat is spoofing – where hackers will find a way to
impersonate a banking website’s URL with a website that looks and functions exactly
the same. When a user enters his or her login information, that information is then
stolen by hackers to be used later. Even more concerning is that new spoofing
techniques do not use a slightly different but similar URL – they are able to target
users who visited the correct URL.
As a bank or financial institution, it is absolutely imperative that you find ways to

mitigate the threats to your cyber security while still being able to provide your
customers with convenient, technologically advanced options. At SQN, we’ve
partnered with cyber security industry leader Q6Cyber to help provide increased
security against potential data breaches.

CHAPTER 7 BENEFITS OF ONLINE BANKING

SYSTEM
The Benefits of Online Banking
Personally, I cannot remember what life was like without online banking. There are
several benefits which make it totally worth it for me, including:
1) 24-hour Access to Your Account

You can get the account information you need whenever you need it in the privacy
of your own home. Better yet, if you travel a lot like I do, you can access your account
anytime, anywhere.
2) Real-Time Information
You'll stay up-to-date on the status of your account, including your current balance,
pending items, most recent transactions, etc.
3) Help Prevent or Minimize Fraud

With online banking, you can check your account regularly and notify your bank
immediately when you see a transaction that isn't familiar to you.
4) Automatic Savings Plan

You can make account transfers any time you want. Many banks will also allow you
to set up an automatic savings plan to transfer money from your checking account to
your savings account each month.
5) Planning Tools
Many banks offer financial planning tools to help you set and meet savings goals,
pay off loans early with extra payments, and more. These tools vary, so be sure to
check your bank for availability.

5) Financial Incentives
Some banks or credit unions offer you financial incentives for using online banking.
The credit union I use offers a 3% APY on balances up to $15,000 and a $15 refund
(per month) on any ATM withdrawal surcharges. To qualify for these financial
bonuses, you need to have direct deposit, make a minimum of 10 debit card purchases
per month, make at least 4 log ins to online banking, and sign-up to receive your
monthly bank statement by email instead of the postal service.
6) Faster Account Balancing

With online banking, your account statement is typically available to view online or
download on the first day of the month, so there's no waiting around three to five
days after month-end for your statement to arrive. If you use personal finance apps
like YNAB, Mvelopes, Mint, or others, you may be able to import your bank account
information into that app, making balancing your accounts a snap.

CHAPTER 7
ARCHETURE

CHAPTER 8
CONCLUSION
Hence we study information about online banking system then the project has
the introduction about online bank and some features and advantages and
disadvantages about online bank and architecture of online banking system benefits
and working of andsome diagram related yo banking system.

CHAPTER 9
REFERENCE
1. http://www.muengineers.in/
2. https://www.tutorialspoint.com/
3. Collage Faculties
4. Friends

ANNEXUREII
Evaluation Sheet for Micro Project
Academic Year: -2022-23 Name of Faculty: - Diploma in Computer

Engineering
Course: Computer Course Code: -22519 Semester: - V
Title of Project:- “Online banking system ”

Cos addressed by the Micro Project:-
a) Incident management, as the name suggests, is the process that is used to manage the lifecycle
of all incidents.
b)
c) Improve the communication and visibility of incidents
Major Learning Outcomes achieved by students by doing the project:-
a) Practical Outcomes
b) Unit Out comes in Cognitive domain
c) Out comes in Affective Domain
Comments/suggestions about team work/leadership/inter-personalcommunication (if any)
Roll Student Name Marks out of 6 for Marks out of 4 for Total
No performance Out of 10
performance
In /presentation
in group activity
( D5 col.9)
55 Siddesh Sandeep Sonvane
Prof.Miss.Throth.F.K
(Name & Signature if Faculty)


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Micro-Project Proposal

Micro Project for information about

Aims of the Micro-Project

c)Because of the micro project now we have get deep knowledge.

a) Prepare software requirements specifications

3.0 Proposed Methodology

4.0 Action Plan

Sr.No Details of activity Planned Planned Name of

3 Selection of micro project title Sonavane

12 Report preparation Sonavane

Submission of report Sonavane Siddesh

Sr. no Name of Resource

1 Processor 3.00 GHZ,RAM 4 1

Computer System GB,HDD 500 GB Used

2 Operating System Windows 7 1 Used

3 Text editor Microsoft Word 1 Used

4 Browser Mozilla Firefox, Google Chrome 1 Used

5 Printer HP Laser Jet 1 Used

6 Other resource Internet Connection 1 Used

Names of Team Members with Enrollment no

1) Sonavane Siddesh Sandeep 2009920154

(To be Approved by the concerned teacher )

“ONLINE BANKING SYSTEM”

MAHARASHTRA STATE BOARD OF TECHNICAL EDUCATION, MUMBAI

SAMARTH POLYTECHINIC, BELHE

This is to Certify that the project report entitled

“Online Banking System”

In partial fulfillment of the requirements for the award of the Diploma in

Name of Guide Name of HOD Name of Principal

“Online Banking System”

“Online Banking System”

Sr. No. Name of Chapter Page No.

1.1. Project Title

Chapter 4 Advantages And Disadvantages 6

1.1 Project Title

Online Banking System

1.2 Project Option None

1.3 Internal Guide Ms Thorat S.K

1.4 Problem Statement

To design the Online Banking system

Online banking, also known as internet banking, web banking or home

Banking transactions offered online vary by the institution. Most banks

Online banking requires a computer or other device, an Internet connection,

Fig:- Data flow diagram of online Banking system

3.1 Existing System:

3.2 Proposed System:

Once a customer logs in he or she has to generate a transaction password for

Authentication is an activity of linking an independent or an individual process

 Advantages of online banking

1. Pay bills online

3. Deposit cheques online

4. Lower your overhead fees

2. Lack of a personal relationship

An ideal relationship would be a blend of online banking for your day-to-day

3. Privacy and security concerns

Samarth Polytechnic,Belhe. Page 11

Samarth Polytechnic,Belhe. Page 12

5.1 Opening an Account

5.2 Making Deposits

Samarth Polytechnic,Belhe. Page 13

5.3 Resolving Customer Service Issues

Samarth Polytechnic,Belhe. Page 14