Banking Management System

Yasser Shah, Abhishek Wadekar, Chirag Mhatre, Shravan Pal.

(S.E. 7, B)
(19 October 2024)

Abstract- The project aims to automate the II. Problem Statement

processes of a banking system, enhancing efficiency
in managing customer accounts, transactions, loans, Manual banking processes often lead to
and other banking services. This system will replace inefficiencies such as delayed transactions, incorrect
traditional manual processes, which are error-prone data entries, and the inability to keep track of
and time-consuming, by providing a fast and various financial records. These inefficiencies result
accurate way to handle financial data. By in poor customer service, financial inaccuracies, and
implementing this banking system, both customers a lack of timely reports. This project aims to
and bank staff can perform transactions in a resolve these challenges by developing an
seamless and secure manner, reducing human errors automated banking system that integrates customer
and improving customer satisfaction. management, transaction processing, and
reporting functions.
Acknowledgement
iii. Methodology
The authors would like to express their sincere
gratitude to Shah & Anchor Kutchhi College of
Engineering for providing the facilities and The "Bank Account Management System" is a
environment necessary for the successful Java-based application designed to simulate
completion of this project. We extend our Real-world bank operations such as account
appreciation to Skills Lab Faculty for their creation, balance inquiry, deposits, and
invaluable guidance, constructive feedback, and withdrawals. The project integrates a Graphical
encouragement throughout the development of the User Interface (GUI) using [Link] and stores
"Bank Account Management System." account data persistently using an SQLite database.

The system follows a layered architecture:

I. Introduction
• GUI Layer: The graphical user interface
The banking system project is a comprehensive allows users to interact with the system
solution for automating and managing customer through buttons, text fields, and dialog
accounts, money transfers, loan management, and boxes.
reporting within a banking organization. It integrates
multiple banking services, enabling the bank to track • Business Logic Layer: This layer handles
customers' financial information and transactions core banking operations such as creating
efficiently. The primary objective is to provide accounts, updating balances, and processing
customers with a faster, more reliable, and secure deposits/withdrawals.
banking experience. This project is developed using
Java and supports real-time data processing to ensure
seamless transactions. • Persistence Layer: The SQLite database is
used for persistent storage, ensuring that
account data is retained even after the
application is closed.
The following steps describe the methodology used [Link]
to build the system:
• This class handles the user interface for
1. Requirements Gathering: Identified the application.
necessary banking operations: account • It contains buttons to create accounts and
creation, deposit, withdrawal, balance display all accounts using JButton.
inquiry, and persistence across sessions.
• Action listeners trigger actions when
2. GUI Design: Developed a simple GUI using buttons are clicked, such as creating an
JFrame, JButton, JLabel, and JTextField account or showing all accounts in a dialog
components to allow user interaction. box using JOptionPane.

[Link]
3. Database Integration: Integrated SQLite as
the database for storing and retrieving
• This class handles the core business logic of
account details using JDBC (Java Database
the application and database interaction.
Connectivity).
• It uses JDBC to connect to an SQLite
database and provides methods for creating
4. Event Handling: Implemented event listeners
accounts and fetching account data.
to respond to user actions, such as button
clicks, to trigger corresponding banking • The createAccount method inserts a new
operations. account into the database and stores it in a
local accounts list.
• The displayAllAccounts method retrieves all
5. Data Persistence: Ensured that all account • accounts from the list and returns the details
details are stored in the database and reloaded as a formatted string.
when the application starts.
[Link]
6. Testing and Validation: Performed unit
testing for each banking operation and This is a simple data model class that represents a
validated database functionality across bank account. It contains fields for the account
multiple sessions. number, account holder name, and balance, along
with methods to deposit and withdraw money.
IV. Code
v. Code
The project consists of two main components:
1. GUI Layer ([Link]): Creating an Account:
Responsible for user interaction.
• When the user enters the account number,
2. Business Logic and Database Layer holder's name, and initial balance, and clicks
([Link] and [Link]): Handles the "Create Account" button, a message box
core banking operations and database appears stating "Account created
interactions. successfully!".

• The account data is saved in the SQLite

database.
Displaying All Accounts:

• Upon clicking the "Display All Accounts" ViiI. Conclusion

button, the application retrieves the account
data from the database and displays it in a The Java-based banking system offers a reliable,
message box. secure, and efficient way of managing banking
operations. With its extendable architecture, it
For example: can be easily adapted for larger-scale
implementations, including the integration of
All Accounts: more advanced features such as mobile banking,
Account Number: 12345, Holder Name: John Doe, enhanced customer relationship management
Balance: 500.0 (CRM), and real-time financial analytics.
Account Number: 67890, Holder Name: Jane
Smith, Balance: 1000.0
IX. Future Scope
Data Persistence:
[Link] Banking Integration: Allow customers to
manage their accounts, view balances, and
• After restarting the application, the
transfer money through a mobile app.
previously created accounts are loaded from
the SQLite database, ensuring that the
[Link] Security Features: Introduce two-
account data persists across sessions.
factor authentication for added security. ATM
Integration: Implement features to track ATM
transactions and integrate with the banking
system.
VI. Result &. Analysis
[Link] Scoring System: Automate credit
This banking system improves accuracy, speed, assessments for loans based on customer
and security in managing banking operations. transaction history and loan repayments.
The system automates key banking functions such
as transaction processing and account
X. References
management, which reduces errors and enhances
customer satisfaction. The use of Java and
1.⁠ ⁠"Design and Implementation of Banking
JavaFX ensures that the system is modular,
Management System" (IJCSI, 2018)
extendable, and easy to use in real-world
2.⁠ ⁠"Banking Management System: A Review"
banking environments.
(IJRTE, 2020)
3.⁠ ⁠"Development of Banking Management System
using Object-Oriented Approach" (IJCA, 2019)
ViI. Advantages
Books:
Reduces human errors in account and transaction
processing. Saves time by automating financial 1.⁠ ⁠"Banking Management System" by R. K. Singh
reports and loan management. (2019)
Improves customer experience through faster 2.⁠ ⁠"Banking and Financial Management" by P. K.
transactions and service. Jain (2020)
Provides enhanced security and data integrity 3.⁠ ⁠"Management Information Systems for the
through role-based access controls. Banking Industry" by J. F. Nash (2018)
Online Resources:

1.⁠ ⁠"Banking Management System" (Tutorialspoint)

2.⁠ ⁠"Banking Software Solutions" (Financesonline)
3.⁠ ⁠"Core Banking System" (Wikipedia)