MINIPROJECT
EX. NO: 11 ONLINE BANKING SYSTEM
ABSTRACT
The Online Banking System is a robust, user-friendly application designed to
facilitate secure financial transactions and account management for users. Developed
in Java, this system provides a comprehensive platform for customers to perform a
variety of banking operations, including account creation, fund transfers, bill
payments, and transaction history inquiries, all within a secure environment.
The application employs Java’s advanced features and frameworks, such as Spring
Boot for backend services and JavaFX for a responsive user interface, ensuring a
seamless experience across different devices. Security is a paramount concern; thus,
the system implements strong authentication mechanisms, data encryption, and
regular security audits to safeguard sensitive user information.
Additionally, the system is designed with scalability in mind, allowing for the
integration of future features such as mobile banking support and advanced analytics.
By leveraging a relational database for data storage, the application ensures efficient
management of user accounts and transaction records.
This online banking solution aims to enhance customer satisfaction through its
intuitive design and reliable performance, ultimately streamlining banking operations
and empowering users with greater control over their finances.
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APPENDIX
LIST OF CONTENT
CHAPTER NO. TITLE PAGE NO.
ABSTRACT
1 INTRODUCTION
1.1 OBJECTIVE
2 SYSTEM ANALYSIS
2.1 EXISTING SYSTEM
2.2 PROPOSED SYSTEM
3 SYSTEM REQUIREMENT
3.1 HARDWARE REQUIREMENT
3.2 SOFTWARE REQUIREMENT
4 SYSTEM IMPLEMENTATION
4.1 MODULE LIST
4.2 MODULE DESCRIPTION
5 TESTING
5.1 TESTING OBJECTIVE
5.2 TEST CASE
6 CONCLUSION
APPENDIX (SAMPLE CODING)
APPENDIX (SNAPSHOT)
REFERENCES
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CHAPTER – 1
INTRODUCTION
1.1OBJECTIVE
An objective for an online banking system could focus on providing secure, efficient, and user-
friendly access to banking services. Here's an example of a high-level objective:
Objective for an Online Banking System: To develop a secure, reliable, and user-friendly online
banking platform that allows customers to perform financial transactions, manage accounts, and
access banking services 24/7 with robust security features, ensuring data protection, privacy, and
regulatory compliance while delivering a seamless user experience across devices.
Key components:
1. Security: Ensure end-to-end encryption, multi-factor authentication, and compliance
with financial regulations to protect sensitive customer data.
2. User Experience: Design an intuitive interface that works seamlessly on mobile and
web platforms, ensuring ease of access and navigation for all customers.
3. Reliability: Provide high system availability with minimal downtime, ensuring users can
access their accounts and services at any time.
4. Performance: Optimize transaction processing speeds and system responsiveness for a
smooth customer experience.
5. Compliance: Adhere to relevant financial, legal, and regulatory standards, including
data protection laws and anti-fraud measures.
6. Scalability: Support growing user numbers and transaction volumes without
compromising performance or security.
7. Integration: Allow seamless integration with third-party financial tools and services,
such as payment gateways, personal finance management tools, and investment platforms.
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CHAPTER – 2
SYSTEM ANALYSIS
2.1 EXISTING SYSTEM
A basic existing system in online banking typically provides fundamental features that allow users
to perform essential banking operations. Here's an overview of the key components and
functionalities in a basic online banking system:
1. Authentication and Security
• Login Mechanism: Users access their accounts through a secure login system that usually
requires a username and password.
• Basic Security Measures:
o SSL encryption to protect data in transit.
o CAPTCHA for bot protection.
o Single-factor authentication (SFA): Password-based authentication.
• Account Recovery: Forgot password and account recovery options through email or SMS.
2. Account Overview and Balance Inquiry
• Dashboard: Provides a basic account overview showing account balances and recent
transactions.
• Account Types: Includes checking, savings, and sometimes credit card accounts.
• Transaction History: Displays a history of recent transactions, with basic details like
transaction amount, date, and type.
3. Funds Transfer (Basic)
• Internal Transfers: Allows users to transfer money between their own accounts within the
same bank.
• External Transfers: In some cases, supports basic transfers to accounts at other banks
within the same country (using domestic transfer systems such as ACH or NEFT).
• Scheduled Transfers: Ability to set up future or recurring transfers within the same bank.
4. Bill Payments
• Utility Bill Payments: Basic functionality for paying bills such as electricity, water, and
phone services.
• Manual Entry: Users may need to manually enter billing information.
• Scheduled Payments: Allows setting up scheduled bill payments.
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2.2 PROPOSED SYSTEM
A proposed system for an online banking platform would enhance the current infrastructure by
focusing on the following key areas:
1. Smart Bill Payments: Auto-pay, bill aggregation, and payment tracking.
2. Mobile Banking: Mobile check deposit, QR payments, push notifications, voice banking.
3. Loan and Investment Tools: Online loan applications, repayment management,
investment services
4. Personalization: AI-driven financial insights, chatbots, and personalized offers.
5. Compliance and Scalability: Automated AML/KYC, GDPR compliance, cloud
infrastructure
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CHAPTER – 3
SYSTEM REQUIREMENT
3.1 HARDWARE REQUIREMENT
Hard Disk : 10GB and Above
RAM : 512MB and Above
Processor : Core i5
Speed : 2.2GHz
3.2 SOFTWARE REQUIREMENT
Platform : JAVA
Front End Tools : Visual Studio 2010
Back End Database : SQL Server 2008
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CHAPTER – 4
SYSTEM IMPLEMENTATION
4.1 MODULE LIST
Authentication Module:
• User login, password management, multi-factor authentication, and account recovery.
Account Management Module:
• View account balances, transaction history, and manage multiple account types (checking,
savings, credit).
Funds Transfer Module:
• Internal (between own accounts) and external transfers, scheduled/recurring transfers, and
peer-to-peer payments.
4.2 MODULE DESCRIPTION
The Authentication Module: is responsible for ensuring secure access to the
system through user credentials like passwords and multi-factor authentication (MFA). It protects
against unauthorized access by implementing advanced security protocols such as biometrics and
session management, offering features like account recovery in case of forgotten passwords or
lockouts.
The Account Management Module: provides users with a comprehensive overview of
their financial activities. It allows users to view balances, transaction histories, and manage
various accounts, including checking, savings, and credit cards. This module is central to user
engagement, offering seamless navigation between accounts and up-to-date financial information.
The Funds Transfer Module: allows users to transfer money within their own accounts, to
other bank accounts, or peer-to-peer. It supports both domestic and international transfers,
including real-time and scheduled transfers. The module simplifies the movement of funds with
recurring payment options and integration with digital wallets, ensuring fast and secure
transactions.
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CHAPTER – 5
TESTING
5.1 TESTING OBJECTIVE
1. Check Balance
2. Deposit Money
3. Withdraw Money
4. Transfer Money
5. Logout
5.2 TEST CASES
TEST CASE TEST CASE EXPECTED ACTUAL
NAME DESCRIPTION OUTCOME OUTCOME
Check Balance The Check Balance Check Balance feature view the current and
feature allows users to is that the user available balances correctly
view their account successfully logs in, displayed for the selected
balances (current and navigates to the account, matching the
available) after logging account summary, and expected values without
into the online banking sees their accurate any errors.
system. current balance and
available balance
Deposit Money The Deposit Money The system should the deposit was processed
feature allows users to confirm the successfully, the account
add funds to their transaction, update the balance was updated, and a
accounts via online current and available confirmation message was
banking. Users can balance immediately provided without any errors
deposit money by (or after processing,
selecting a linked funding depending on the
source deposit method)
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Withdraw Money The Withdraw Money The transaction should the specified amount was
feature allows users to be reflected deducted from the available
transfer funds from their immediately in the balance, and a confirmation
account to an external account history, message was displayed
account or withdraw cash
at ATMs
Transfer Money The system processes the the specified amount the specified amount was
transfer, updates the deducted from the deducted from the sender's
account balance, and sending account and account, credited to the
provides a confirmation credited to the recipient's account, and
of the transaction. recipient's account both accounts
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CHAPTER – 6
CONCLUSION
The online banking system significantly enhances the convenience and accessibility of banking
services for users. By providing features such as account management, fund transfers, bill
payments, and real-time balance checks, it empowers customers to manage their finances
efficiently from anywhere at any time. The implementation of advanced security measures ensures
the protection of sensitive financial information, while user-friendly interfaces and mobile
applications promote a seamless banking experience. Overall, the online banking system
streamlines financial transactions, improves customer satisfaction, and supports modern banking
needs, making it an essential tool in today’s digital landscape.
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APPENDIX 1
CODING
import java.util.HashMap;
import java.util.Map;
import java.util.Scanner;
public class OnlineBankingSystem {
private Map<String, User> users = new HashMap<>();
private Scanner scanner = new Scanner(System.in);
private User loggedInUser;
public void register(String username, String password, double initialBalance) {
if (!users.containsKey(username)) {
users.put(username, new User(username, password, initialBalance));
System.out.println("User registered successfully!");
} else {
System.out.println("Username already exists!");
}
}
public boolean login(String username, String password) {
User user = users.get(username);
if (user != null && user.getPassword().equals(password)) {
loggedInUser = user;
System.out.println("Login successful!");
return true;
} else {
System.out.println("Invalid credentials!");
return false;
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}
}
public void displayMenu() {
while (true) {
System.out.println("\n1. Check Balance");
System.out.println("2. Deposit Money");
System.out.println("3. Withdraw Money");
System.out.println("4. Transfer Money");
System.out.println("5. Logout");
System.out.print("Choose an option: ");
int choice = scanner.nextInt();
switch (choice) {
case 1:
System.out.println("Current Balance: " + loggedInUser.getBalance());
break;
case 2:
System.out.print("Enter amount to deposit: ");
double depositAmount = scanner.nextDouble();
loggedInUser.deposit(depositAmount);
break;
case 3:
System.out.print("Enter amount to withdraw: ");
double withdrawAmount = scanner.nextDouble();
loggedInUser.withdraw(withdrawAmount);
break;
case 4:
System.out.print("Enter recipient username: ");
String recipientUsername = scanner.next();
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User recipient = users.get(recipientUsername);
if (recipient != null) {
System.out.print("Enter amount to transfer: ");
double transferAmount = scanner.nextDouble();
loggedInUser.transfer(recipient, transferAmount);
} else {
System.out.println("Recipient not found!");
}
break;
case 5:
loggedInUser = null;
System.out.println("Logged out successfully!");
return;
default:
System.out.println("Invalid option!");
}
}
}
public static void main(String[] args) {
OnlineBankingSystem bankingSystem = new OnlineBankingSystem();
bankingSystem.register("elanchezhian", "976", 100000.00);
bankingSystem.register("tharuneesh", "576", 500000.00);
Scanner scanner = new Scanner(System.in);
System.out.print("Enter username: ");
String username = scanner.next();
System.out.print("Enter password: ");
String password = scanner.next();
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if (bankingSystem.login(username, password)) {
bankingSystem.displayMenu();
}
}
}
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APPENDIX 2
SCREENSHOT
A2.1 CHECK BALANCE
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A2.2 DEPOSITE MONEY
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A2.3 WITHDRAW MONEY
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A2.4 TRANSFER MONEY
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A2.5 LOGOUT
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REFERENCES
[1] https://en.wikipedia.org/wiki/Online_banking
[2] https://journals.pen2print.org/index.php/ijr/article/view/73
[3] https://www.investopedia.com/terms/o/onlinebanking.asp
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