PROJECT REPORT ON

E-BANKING

Submitted by:-
Rupesh Patnaik (82409UT02051)
Somanand Das (82409UT02063)
Subrat kumar Dora (82409UT02069)
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Introduction
 The new information technology is becoming an important factor in the future
development of financial services industry, and especially banking industry. The financial
services industry has recently been open to historic transformation.

 So-called e-developments are emerging and advancing rapidly in all areas of financial
intermediation and financial markets: e-finance, e-money, e-banking, e-brokering, e-
insurance, e-exchanges, and even e-supervision.

 The new information technology (IT) is turning into the most important factor in the
future development of banking, influencing banks’ marketing and business strategies.

 The driving forces behind the rapid transformation of banks are influential changes in
the economic environment: innovations in information technology, innovations in
financial products, liberalization and consolidation of financial markets, deregulation of
financial inter-mediation etc.

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OBJECTIVES
The main objectives of e-banking for customers are as follows :-

 Reduced costs This is in terms of the cost of availing and using the various
banking products and services.

 Convenience All the banking transactions can be performed from the

comfort of the home or office or from the place a customer wants to.

 Speed The response of the medium is very fast; therefore customers can
actually wait till the last minute before concluding a fund transfer.

 Funds Management Customers can download their history of different

accounts and do a “what-if” analysis on their own PC before affecting any
transaction on the web. This will lead to better funds management.
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FORMS

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DATABASE

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Conclusion & Future Scope

 The entire project has been developed and deployed as per the
requirements stated by the user, it is found to be bug free as per the testing
standards that are implemented. Any specification untraced errors will be
concentrated in the coming versions, which are planned to be developed in
near future.

 The system at present does not take care off the money payment methods,
as the consolidated constructs need SSL standards and are critically to be
initiated in the first face, the application of the credit card transactions is
applied as a developmental phase in the coming days. The system needs
more elaborative technicality for its inception and evolution.

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