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SRS Online Banking System

The Software Requirement Specification (SRS) document outlines the requirements for an Online Banking System that allows users to manage their accounts securely online. Key functionalities include user authentication, fund transfers, bill payments, and customer support, with a focus on security and compliance. The system will be developed using a client-server architecture and will undergo various testing phases before deployment.

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60 views3 pages

SRS Online Banking System

The Software Requirement Specification (SRS) document outlines the requirements for an Online Banking System that allows users to manage their accounts securely online. Key functionalities include user authentication, fund transfers, bill payments, and customer support, with a focus on security and compliance. The system will be developed using a client-server architecture and will undergo various testing phases before deployment.

Uploaded by

himalniroula87
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Software Requirement Specification (SRS) Document

Project: Online Banking System


Version: 1.0
Date: March 2025

1. Introduction

1.1 Purpose
The purpose of this document is to define the requirements for an Online Banking System
that enables users to manage their bank accounts securely over the internet.

1.2 Scope
The system will allow users to log in, check account balances, transfer money, pay bills, and
view transaction history. It will also provide customer support functionality.

1.3 Definitions, Acronyms, and Abbreviations


API - Application Programming Interface
UAT - User Acceptance Testing
UI/UX - User Interface/User Experience

1.4 References
1. IEEE 830-1998 - Recommended Practice for Software Requirements Specifications
2. Bank security guidelines and compliance laws

2. General Description

2.1 Product Perspective


The Online Banking System will be an extension of the bank’s existing infrastructure and
will integrate with its core banking database.

2.2 Product Functions


1. User Authentication with OTP
2. Fund Transfers
3. Bill Payments
4. Transaction History
5. Customer Support

2.3 User Characteristics


Users include customers, bank staff, and system administrators with different levels of
access.
2.4 Constraints
1. Web browser compatibility (Chrome, Firefox)
2. Compliance with banking security standards

3. Specific Requirements

3.1 Functional Requirements


1. Users must log in securely using two-factor authentication.
2. Users should be able to transfer funds between accounts.
3. Users can view transaction history and download statements.

3.2 Non-Functional Requirements


1. Transactions must process in less than 2 seconds.
2. Data should be encrypted using secure algorithms.
3. System should be available 99.9% of the time.

4. System Design & Implementation

4.1 System Architecture


The system follows a client-server architecture, with a React.js frontend, Node.js backend,
and MongoDB for database storage.

4.2 Implementation Strategy


1. Develop frontend and backend separately.
2. Secure API endpoints with authentication.
3. Integrate with bank databases.

5. Testing & Deployment

5.1 Testing
Unit Testing, Integration Testing, Performance Testing, and Security Testing will be
conducted.

5.2 Deployment
The system will be deployed in phases: beta testing for bank employees, followed by full
deployment for customers.
6. Maintenance & Review

6.1 Maintenance Strategy


Regular updates will be provided for security patches and performance improvements. User
feedback will be collected for future enhancements.

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