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CASE STUDY

[TPS] TRANSACTION PROCESSING SYSTEM ARTICLE: BANKING SYSTEM

 INTRODUCTION Definitely, first Question arises what is Transaction? And answer is …..”It is a real activity in time bound manner 1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

So, that for informational to run an entity, an organization with proper management and control, in an efficient way.” In other words it is just like a part of Human Body. For example, Hands. Thus we can easily say that “TRANSACTION IS NOTHING, BUT IT IS AN EVENT GENERATING OR MODIFYING STORED DATA IN A INFORMATION SYSTEM.”  CHARACTERISTICS OF TPS I. II. III. IV.

Rapid Response: Fast performance and instantaneous response time. Reliability: Low failure rate, quick and accurate recovery, backup and recovery procedures. Inflexibility: Every transaction is processed in same way regardless of transaction. Controlled processing: an organization’s operation.

 COMPONENTS OF TPS  s

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

Take data & use it into another info sys type.  Participants Conduct info processing.  People These are from the environment. Directly enter transaction & perform validation.

Now, we shall move to the “Banking Part”

WHAT IS BANKING? According to Section 5(b) of the Banking Regulations act, the term ‘Banking’ means ‘the accepting for the purpose of lending or investment of deposits of money from public, repayable, on demand or otherwise , and withdraw able by cheque,draft ,order or otherwise.’

So, from this we can infer that major functions of a Bank are: i.

To mobilize deposit from public, and

ii.

Invest or lend these deposits.

TYPES OF DEPOSITS Deposits are normally classified into ‘Demand Deposit’ 1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

And ‘Time Deposit’ From which Demand deposits are those which can withdrawn or transferred by the customer at anytime without previous notice to the bank. Actully, these deposits are maintained to meet liquidity and transaction needs. Demand deposits are again three types: A. Current Deposits, B. Saving Deposits, C. Time Deposits. Now, let’s go to the types of Bank Deposits. Bank deposits serve different purposes for different people. Some people cannot save regularly; they deposit money in the bank only when they have extra income. “THE PURPOSE OF DEPOSIT THEN IS TO KEEP MONEY FOR FUTURE NEEDS.” AND ARE…………………… 1. Saving Bank 2. Current Deposit 3. Fixed deposit 4. Recurring Deposit

I Home Safe II Cumulative-cum –Sickness Deposit 1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

III Home Construction Deposit/Scheme saving Files. This highlights a general knowledge regarding BANKING.

Banking TPS…….i.e. how a transaction arises with 3W. Off course 1. When? 2. Where? 3. What? As far as the definition is concerned, when a withdrawal/Deposit an amt in Bank, by cheque or cash as Customer wish. TWO CONCERNS WITH THIS REAL TIME TRANSACTION PROCESSING ARE… Concurrency Data cannot be changed by two s at same time. Atomicity Steps completed successfully as a group. If any step fails, no other step should be complete.

METHOD USED IN BANK TRANSACTION Batch transaction Processing 1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

It involves the accumulation of transactions until a sufficient number have been assembled to make processing efficient or until other considerations. Examples are…. Cheque Clearance Written order asking Bank to Pay Money to a Person.

Bill Generation An invoice of goods/services supplied to a Customer.

Credit card Sales Transaction: Take impression of Customer’s card.

IMPORTANT TERMINOLOGY USED IN BANKING SYSTEM 1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

1. FILE:A block of data. 2. MASTER FILE:Information about Business Organization. 3. TRANSACTION FILE:Collection of transaction records. 4. WORK FILE:Temporory file used in the system used during Transaction. 5. PROGRAM FILE:Instruction for processing Data.

DATA WARE HOUSING Collection of data from different sources which actually 1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

Consolidated, Subject Oriented Historical & read only.  The below diagram is put for illustrative purpose of Banking Transaction.

VALIDATION REQUIRED FOR BANKING TRANSACTION

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

FOR PAYMENT By cheque  Check for valid signature.  Whether A/C no and NAME are correct or not.  Cheque must be not of future date.  If sufficient balance is assured with wriiten in cheque. By cash  A/C no & name are coincident or not.  A sleep which actually fill up by customer in correct manner.  Total of amt is valid or not (i.e. both in words as well as in figure).

FOR WITHDRAWL

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

Transfer  Figure of amt must be positive.  Both A/C no’s must be valid.  Amt (IN OTHER WORDS A SUFFICIENT BALANCE) must be there in Giver’s A/C. By cash  Same as above A/C must be valid. FOR FIXED DEPOSIT By cheque  A valid cheque with amt balanced to particular. By Cash  Cash must be concurrent at the time of deposited. Transfer  It can be transfer at the date of maturity. N.B. However the Indian Bank Association Code for Banking Practices has stipulated that the maximum period for which a deposit may be accepted by a Bank as 120 months.

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

COMPUTERISED SOFTWARE FOR WITHDRAWL

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

FOR CHEQUE

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

FOR F.D.

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

FOR PAYMENT

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

New Entry

Add New Name Address City State Country Proof Given Relative A/C No. A/c Type Form no.

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK

Delete Any

Delete Any Name Address City State Country Proof Given A/C No. A/c Type Form no. Reason

1 CBMS CASE STUDY / TRANSACTION PROCESSING SYSTEM INCLUDES IN BANK