Interest Calculation Abstract
Uploaded by
Telika RamuInterest Calculation Abstract
Uploaded by
Telika RamuInterest Calculation
Abstract
The system developed should calculate interest daily for each account having
balance more than zero at the correct interest rate. This interest calculated will be
cumulatively stored in a table which will be updated every day. Remember that the
balance on which interest is calculated daily will change because the customer may
deposit or withdraw money.
In this system admin can create new loans with a specific interest, those can be
viewed by the customers and they can apply for loan. That request can be granted
by admin.
Existing System
The existing interest calculating system for retail banks provides limited options
for employees of the bank department but there is a limit to calculate complete
interest calculation for number of accounts. In this system all the data is
maintained mostly manual and in Excel sheets. The data security and data
accessing is very slow.
Limitations in Existing System
Maintaining the data in excel sheets and files is very hard to remember the file
names in which the required data is feed. No easy access to the required queries.
CreativeSoft (Corporate Office)
# 412, Annpurna Block,Aditya Enclave,Ameerpet,Hyderabad
500016 Tel : +91-40-40159158Mobile : 91-9247249455
Data redundancy, inconsistency, lot of human work need to be done in order
analyze the details present in the excel sheets. It leads to wastage of time.
Proposed System
The system developed should calculate interest daily for each account having
balance more than zero at the correct interest rate. This interest calculated will be
cumulatively stored in a table which will be updated every day. Remember that the
balance on which interest is calculated daily will change because the customer may
deposit or withdraw money.
Software Requirements
Operating System : Windows XP/2003 or Linux/Solaris
User Interface : HTML, CSS
Client-side Scripting : JavaScript
Programming Language : Java
Web Applications : JDBC, Servlets, JSP
IDE/Workbench : Eclipse with MyEclipse Plug-in
Database : MS Access
Server Deployment : Tomcat 5.0
Hardware Requirements
Processor : Pentium IV
CreativeSoft (Corporate Office)
# 412, Annpurna Block,Aditya Enclave,Ameerpet,Hyderabad
500016 Tel : +91-40-40159158Mobile : 91-9247249455
Hard Disk : 40GB
RAM : 256MB
Modules:
Admin user - Has full access to all the modules of this system. Responsible for the
accounting of all cash collections and remittances. Prepares and submits also Daily
Deposit Reports, petty cash replenishment, and Cashiers Accountability Report.
Reports:
All frequently used reports at the click of a button
All reports can be previewed, printed, exported to Excel/Word etc., or can be faxed
or emailed
Normal users Has restricted access. i.e., Normal users have access to some of
the modules only i.e. user can see the price list of all products and can purchase
online.
User Interface:
Soothing Graphical User Interface with Context Sensitive Help
Totally Menu Driven, with Keyboard Shortcuts for frequently used forms
All reports for specified period selected using calendar
CreativeSoft (Corporate Office)
# 412, Annpurna Block,Aditya Enclave,Ameerpet,Hyderabad
500016 Tel : +91-40-40159158Mobile : 91-9247249455
Functions
User Interface
Admin Users
Normal Users
Reports
CreativeSoft (Corporate Office)
# 412, Annpurna Block,Aditya Enclave,Ameerpet,Hyderabad
500016 Tel : +91-40-40159158Mobile : 91-9247249455
CreativeSoft (Corporate Office)
# 412, Annpurna Block,Aditya Enclave,Ameerpet,Hyderabad
500016 Tel : +91-40-40159158Mobile : 91-9247249455