MINI PROJECT SYNOPSIS

On

TITLE OF PROJECT
Submitted in

Department of Information Technology IT-

Second Year (2024-2025)
Submitted by

Group No :
1) Siddhant Kumar Pathak(2300540130050)

2) Sairaj Dilip Gupta (2300540130044)

3) Aman Srivastava (2300540130009)

4) Suhel Ahmad (2300540130052)

Under the guidance of

Ms. Richa Sharma
Assistant Professor
At
 TABLE OF CONTENT

S.NO. TITLE PAGE NUMBER

1. INTRODUCTION
- General Introduction iii to iv
- General Background
- Previous work done in this area
2. PROBLEM DEFINATION
- Objective v to vi
- Proposed Methadology
3. THEORY
- Technology used
- Mathematical concept used vii to x
- Algorithm used
- Salient features
4. FEASIBILITY STUDY REPORT
- Basic Requirement and Specification xi to xiv
used
- Application / Advantages /Limitation

5.
RELATED WORK xv to xvi

6. PROJECT TEAM & MEMBER’S

ROLE xvii to xviii
7.
PROJECT DEVELOPMENT
 INTRODUCTION
General Introduction

The mini project on an online banking website aims to design and develop a web-based platform
that allows users to perform various banking operations such as managing accounts, transferring
funds, paying bills, and monitoring transaction histories securely and efficiently. This project
serves as a practical application of web development and security practices, combining front-end
and back-end technologies to create a seamless user experience.
General Background
With the rapid advancement of technology and the increasing penetration of the internet, the
banking industry has undergone a significant transformation. Traditional banking methods are
being replaced by digital banking solutions that offer greater convenience, accessibility, and
efficiency. Online banking websites have become an essential service, allowing customers to
access banking services anytime and anywhere, without the need to visit physical bank branches.
This shift has driven the need for robust and secure online banking systems that cater to the
growing demands of digital-savvy customers.
Previous Work Done in This Area
Online banking has been an area of extensive research and development. Several key milestones
have marked the evolution of online banking systems:
1. Early Development:
o The concept of online banking began in the late 20 th century with the advent of
internet technology. Early systems were basic and offered limited functionality
such as balance inquiries and account statements.
2. Evolution of Security Measures:
o As online banking grew in popularity, the need for enhanced security became
paramount. Researchers and developers introduced encryption techniques, secure
login methods, and multi-factor authentication (MFA) to protect user data and
transactions.
3. Introduction of Mobile Banking:
o With the rise of smartphones, mobile banking apps emerged, providing users with
the convenience of banking on the go. This phase saw the integration of mobile-
specific features such as fingerprint and facial recognition for authentication.
4. Advanced Features and Personalization:
o Modern online banking systems have evolved to include a wide range of features
such as automated bill payments, real-time notifications, investment management,
and personalized financial advice. Machine learning and artificial intelligence are
now being used to enhance user experience and security.
5. Research and Publications:
o Numerous studies have been conducted to explore the challenges and
advancements in online banking. Research papers have focused on topics such as
security vulnerabilities, user interface design, and the impact of online banking on
customer satisfaction.
 PROBLEM DEFINATION
Objective
The objective of online banking websites is to provide a seamless, secure, and user-
friendly platform for customers to manage their financial activities. Here are the primary
objectives:
1. Convenience: Enable customers to access banking services 24/7 from the comfort of their
home or on-the-go using any device with an internet connection.
2. Efficiency: Streamline banking processes to save customers time and effort. This includes
features like quick fund transfers, bill payments, and account management.
3. Accessibility: Make banking services accessible to a wider audience, including those in
remote or underserved areas, thus promoting financial inclusion.
4. Security: Ensure that all transactions and customer data are protected against unauthorized
access, fraud, and other cyber threats through robust security measures.
5. Cost Savings: Reduce operational costs for banks by minimizing the need for physical
branches and manual processes, which can also translate into better services and lower
fees for customers.
6. Financial Management: Provide tools and insights to help customers manage their
finances more effectively, including transaction histories, budgeting tools, and financial
planning advice.
7. Customer Engagement: Foster better relationships with customers by offering
personalized services, alerts, and updates, and enabling feedback mechanisms for
continuous improvement.
 Proposed Methadology

1.User Interface (UI)

2.Authentication Module
3.Account Management
4.Transaction Processing
5.Database Management
6Security Module
7.Communication Module

1.User Interface (UI): This is the front-end part of the system where users interact with the
banking services. It includes web pages or mobile app interfaces that allow users to log in,
view account details, transfer funds, pay bills, etc.
2.Authentication Module: This block handles user authentication, ensuring that only
authorized users can access their accounts. It includes login mechanisms, password
verification, and possibly multi-factor authentication (MFA).
3.Account Management: This module manages user accounts, including account creation,
updating personal information, and managing account settings. It ensures that all account-
related data is accurately maintained.
4.Transaction Processing: This is the core of the system where all banking transactions are
processed. It includes fund transfers, bill payments, loan applications, and other financial
transactions. This module ensures that transactions are executed correctly and efficiently.
5.Database Management: This block handles the storage and retrieval of all data related to
users, accounts, transactions, and other banking operations. It ensures data integrity,
consistency, and security.
6.Security Module: This module ensures the security of the entire system. It includes
encryption of data, secure communication protocols, and protection against cyber threats like
hacking and fraud.
7.Communication Module: This block manages the communication between the user
interface, the server, and the database. It ensures that data is transmitted securely and
efficiently between different parts of the system.
 THEORY
Technology used

Some of the modern Technology used in this website are:

1. HTML : Hyper Text Markup Language is the standard language for creating web pages. It
defines the structure and content of a web page using tags and attributes.
2. CSS: Cascading Style Sheets is a language that describes how HTML elements are styled
and arranged on a web page. It allows frontend developers to create responsive, consistent,
and attractive web pages.
3. JavaScript: JavaScript is a scripting language that enables dynamic and interactive
features on a web page. It can manipulate HTML and CSS elements, communicate with
backend servers, and handle user events and inputs
4. VS Code: VS Code is a free, open-source, and cross-platform code editor that supports
many languages, frameworks, and tools for web development. It has features like
IntelliSense, debugging, source control, and extensions that make coding faster and easier.
It also has a simple and intuitive user interface that lets you edit, build, and run your web
applications with ease and efficiency.
Tailwind: Tailwind is a utility-first CSS framework that allows you to create custom and
responsive web designs using predefined classes. Some of the advantages of Tailwind are,It is
highly customizable and flexible, as you can modify the default theme, create your own utilities,
and use plugins for extra features.It is fast and efficient, as you can apply styles directly to your
HTML elements without writing any CSS code. It also uses PurgeCSS to remove unused classes
and reduce the file size.
1. Web Development Frameworks: Technologies like HTML, CSS, JavaScript .
2. Backend Technologies: Server-side programming languages like Java, Node.js are used to
handle business logic, data processing, and server management.
3. Database Management Systems (DBMS): Relational databases like MySQL,
PostgreSQL, or NoSQL databases like MongoDB are used to store and manage user data,
transactions, and other banking information.

Mathematical concept used

1. Cryptography:
o Encryption Algorithms: Math-based algorithms like RSA, AES, and ECC ensure
secure communication by converting plain text into ciphertext.
o Hash Functions: Functions like SHA-256 create unique fixed-size outputs for
inputs, ensuring data integrity.
2. Probability and Statistics:
o Risk Assessment: Used to evaluate the risk of fraud or defaults by analyzing
transaction patterns and user behaviour.
o Predictive Analytics: Models predicting future events like customer behaviour,
using historical data.
3. Linear Algebra:
o Data Processing: Used in algorithms for image recognition, natural language
processing, and more.
4. Number Theory:
o Prime Numbers: Essential for cryptographic algorithms, as they form the basis for
key generation and encryption processes.
5. Calculus:
o Optimization: Helps in optimizing various banking operations, such as transaction
processing and network performance.
6. Matrix Theory:
o Data Encryption: Matrices are used in some encryption algorithms to encode and
decode data.
7. Algorithms:
o Sorting and Searching: Fundamental for efficient data retrieval in database
 Algorithm used

1. Encryption Algorithms:
o AES (Advanced Encryption Standard): Used to securely encrypt data
transmitted between the user's device and the banking server.
o RSA (Rivest-Shamir-Adleman): Utilized for secure data transmission, especially
in establishing secure connections (SSL/TLS).
2. Hashing Algorithms:
o SHA-256 (Secure Hash Algorithm 256-bit): Ensures data integrity by generating
a unique hash value for data, which can be used to verify its authenticity.
3. Authentication Algorithms:
o HMAC (Hash-based Message Authentication Code): Used in combination with
a secret key to authenticate messages and ensure data integrity.
4. Digital Signature Algorithms:
o DSA (Digital Signature Algorithm): Verifies the authenticity and integrity of
digital messages or documents.
5. Public Key Infrastructure (PKI):
o Key Management Algorithms: Manage the generation, distribution, and storage
of cryptographic keys.
6. Machine Learning Algorithms:
o Anomaly Detection: Identifies unusual transaction patterns that may indicate
fraud.
o Classification Algorithms: Categorizes transactions and user behaviors to improve
security and personalization.
7. Sorting and Searching Algorithms:
o Binary Search: Efficiently searches for specific data in databases.
o Merge Sort and Quick Sort: Used for organizing and managing large datasets.
8. Compression Algorithms:
o DEFLATE: Reduces the size of data to improve transmission speed and efficiency.
9. Load Balancing Algorithms:
o Round-Robin: Distributes incoming requests evenly across multiple servers to
ensure optimal performance and availability.
 Salient Features

1. Account Management: Users can view account balances, transaction history, and
download statements. They can also update personal information and manage multiple
accounts from one platform.
2. Fund Transfers: Facilitate easy and quick transfer of funds between accounts within the
same bank or to accounts in other banks. This includes domestic and international
transfers.
3. Bill Payments: Users can pay utility bills, credit card bills, and other payments directly
through the online banking portal, often with options to schedule recurring payments.
4. Loan and Credit Services: Apply for loans, credit cards, and other financial products.
Users can also manage their existing loans and view payment schedules.
5. Investment Services: Access to investment options like fixed deposits, mutual funds, and
stock trading. Users can manage their investment portfolios and track performance.
6. Customer Support: Integrated customer service options such as live chat, messaging, and
access to FAQs and help centers for quick assistance.
7. Mobile Banking: Access banking services via mobile apps, providing the convenience of
banking on the go.
8. Notifications and Alerts: Receive alerts for account activity, transaction confirmations,
low balance warnings, and promotional offers through SMS, email, or push notifications.
9. Security Features: Multi-factor authentication (MFA), encryption, secure login processes,
and regular security updates to protect user data and transactions.
10. Personal Finance Management: Tools to help users budget, track spending, and set
financial goals. This may include categorizing expenses and providing insights into
spending habits.
11. Card Management: Manage debit and credit cards, including blocking lost cards, setting
spending limits, and viewing card transactions.
12. User-Friendly Interface: Intuitive and easy-to-navigate interfaces that enhance the user
experience and make banking tasks straightforward.
These features collectively ensure that users have a comprehensive, secure, and convenient
banking experience.
 FEASIBILITY STUDY REPORT

Basic requirement and specification used

1. Server Hardware:
o Processor: Multi-core processors (e.g., Intel Xeon, AMD EPYC) for handling
multiple simultaneous requests.
o RAM: At least 16GB, preferably more for better performance.
o Storage: SSDs for faster data access and reliability.
o Network: High-speed internet connection with redundancy and failover
capabilities.
2. Client Devices:
o PCs and Laptops: Standard PCs or Macs with at least 1GHz processor and 1GB
RAM.
o Mobile Devices: Smartphones and tablets with modern browsers and OS (iOS 7+,
Android 4.0+).
3. Security Hardware:
o Firewalls: To protect against unauthorized access.
o Intrusion Detection Systems (IDS): For monitoring and detecting potential
threats.
4. Backup Systems:
o RAID Systems: For data redundancy and backup.
o Offsite Backup: To ensure data recovery in case of disasters.
These requirements ensure that the online banking website is secure, efficient, and capable of
handling a large number of users and transactions.
 Application / Advantage / Limitation
Merits
1. Convenience: Users can access banking services 24/7 from anywhere with an internet
connection, eliminating the need to visit physical branches.
2. Time-Saving: Transactions and other banking activities can be completed quickly, saving
users time.
3. Accessibility: Online banking platforms are accessible to a wide range of users, including
those in remote areas.
4. Efficiency: Automated processes streamline transactions, reducing errors and enhancing
efficiency.
5. Cost-Effective: Reduces the need for physical infrastructure, which can lower operational
costs for banks and potentially lead to reduced fees for customers.
6. Real-Time Monitoring: Users can monitor their accounts in real-time, receiving instant
notifications of transactions and balance changes.
7. Environmentally Friendly: Reduces the need for paper statements and forms,
contributing to environmental sustainability.
8. Enhanced Features: Provides access to additional services such as bill payments, fund
transfers, investment management, and financial planning tools.
Demerits
1. Security Risks: Online banking is susceptible to cyber threats such as hacking, phishing,
and malware attacks, which can compromise user data.
2. Technical Issues: Users may face technical problems like website downtime, slow load
times, or software glitches.
3. Dependency on Internet: Accessing online banking services requires a stable internet
connection, which may not be available to everyone.
4. Lack of Personal Interaction: Some users may prefer in-person interactions with bank
staff, which online banking cannot provide.
5. Complexity: Elderly users or those not tech-savvy might find it difficult to navigate online
banking platforms.
6. Potential for Fraud: There is a risk of online fraud and identity theft if security measures
are not properly implemented or if users are not cautious.
7. Limited Services: Some banking services, like notarization or large cash withdrawals,
cannot be performed online.
 Advantages
1.Convenience
Advantage: Users can perform banking transactions anytime, anywhere without the need to visit
a physical branch.
Application: Imagine you're on vacation and need to transfer money to a friend. With online
banking, you can simply log into your account using your smartphone and complete the transfer in
minutes. This saves time and effort, making banking convenient no matter where you are.
2. Accessibility
Advantage: Access to banking services is available 24/7.
Application: People in remote areas with limited access to physical banks can still manage their
finances effectively. For example, a farmer in a rural area can use online banking to receive
payments for crops, pay bills, and monitor account activity without traveling to the nearest town.
3. Cost-Effectiveness
Advantage: Reduced operational costs for banks, which can lead to lower fees for customers.
Application: Banks save on costs associated with maintaining physical branches, allowing them
to offer lower fees for services like account maintenance and transactions. Customers benefit from
these savings through reduced fees and potentially higher interest rates on savings accounts.
4. Real-Time Monitoring
Advantage: Users can monitor account activity in real-time.
Application: If you receive an alert for a transaction you didn't make, you can immediately check
your account and report fraudulent activity to your bank. This quick response helps in minimizing
potential losses and securing your funds.
5. Efficiency
Advantage: Faster processing of transactions and banking operations.
Application: Traditional banking processes like bill payments and fund transfers, which could
take days, are completed almost instantly with online banking. This efficiency is crucial for
businesses that need to make timely payments to suppliers and employees.
6. Enhanced Financial Management
Advantage: Tools and resources for better financial planning and management.
Application: Online banking platforms often include budgeting tools, expense trackers, and
personalized financial advice. For instance, a user can set up a budget, track their spending habits,
and receive insights on how to save money, all from their online banking dashboard.
7.Environmental Benefits
Advantage: Reduces the need for paper, contributing to environmental sustainability.
Application: Statements, receipts, and other documents can be viewed and downloaded online,
reducing paper waste. This is especially beneficial for users who prefer to keep digital records
rather than physical ones.
8. Customer Support
Advantage: Access to customer support services via chat, email, or phone.
Application: If you encounter an issue or have a question about your account, you can quickly
get in touch with customer support through online banking. This support is often available 24/7,
providing timely assistance without needing to visit a branch.
 RELATED WORK
Our work at Digital payment system is at a baseline , means it will be improved with time. So,
we are just a team with good ideas who are trying to fulfill the dots in online banking
systems .We have been through a lot of websites for a seamless experience to the user. Just by
comparing other banking sites we have taken development measures in our sites.

1.AXIS BANK WEBSITE:

This graph below show the site being down for a day .This problem is major in this online
banking system which can be get ridden by active engineer employment

2. UNION BANK: This bank website when it was initially launched was getting down
because when the user tried to interact with the website the screen would go blank or just got
stuck, so to overcome this we have tried some advancements in our website digital payment
system

3. SBI:

This website gave us a lot of research ideas cause all the loopholes it had were making sense
when we got to know that this site is holding most of a country’s population. So it led us some
good lesson on how a website should be developed for a vast audience.
4. BANK OF BARODA:

This complaint was filed by a person whose amount was not showing in his account. this
problem took place when the encryption of website was not rigid .This problem needs a cyber
security expert who can overcome this .If the user interface is not good people can go with it but
if their money is not safe what’s the use of website.

Which later became a serious issue in all the banks in India.

 PROJECT DEVELOPMENT SCHEDULE

1) Research and selection of digital payment: Review various online banking

websites which are doing same in this field. some of the websites in these fields are axis
bank, SBI online payment, Mobikwik and indusland bank.

2) User Interface Prototyping: Design a prototype of user interface for system

administrators. Create a user friendly tone for user and businesses using HTML.
3) Website styling: The design used in website are styled by using CSS framework –
Tailwind

4) Website Functionality: To add more functionalities in our website we used JAVA

SCRIPT. Specifically it was used in making sharing tool in our website.

5) Responsive design: The website is designed to be responsive, which means it will

adapt to different screen sizes and work well on both desktop and mobile devices
convenience and security. It also expresses optimism about the future of online payment.
 CONCLUSION
Unraveling the World of Online Payments In wrapping up our brief journey through the
world of online payments, it's clear that these systems play a big role in making our digital
lives smoother and safer. We've explored how they work, why they're secure, and what
they mean for businesses and people like us. From understanding the tech magic behind
secure transactions to the convenience of quick clicks and payments, online payment
systems have become the superheroes of our digital shopping experiences. We've also seen
how these systems are on guard, using smart tools like artificial intelligence to protect us
from online bad guys. They've got our backs, making sure our money stays where it
belongs. And as we close this chapter, we peeked into the future, where new technologies
might bring even more changes to the way we pay online. In essence, this journey has
been about shedding light on the digital heroes that handle our payments every day. We
hope this report serves as a helpful guide for businesses and curious minds alike, making
the world of online payments a bit more understandable and a lot less mysterious. Here's
to a future where paying online is not just secure but also a breeze for everyone! This
conclusion summarizes the key takeaways from the report, emphasizing the positive
impact of online payment systems on

REFERENCES
1. Banking websites like SBI, BOB, PNB, Union Bank, BHIM UPI, Razorpay,
AXIS BANK, Indusland bank, etc.
2. AI bot of Microsoft bing: https://www.bing.com/?FORM=Z9FD1
3. AI bot Perplexity: https://www.perplexity.ai/
4. Suggestions from quora about banks outages

5. Mobikwik: https://www.mobikwik.com/
 PROJECT TEAM & MEMBER’S ROLE

SUBMITTED BY -
 Sairaj Dilip Gupta :-
Project manager ,web designing ( javascript, tailwind)
 Aman Srivastava :-
front end ( HTML)
 Siddhant pathak :-
designING ,TESTING AND styling
 Suhel Ahmad :-
web designing ( html , css)