15-10-2016, 03:18 PM
1459243638-InvestmentBankingCaseStudyv1.2.pdf (Size: 98.97 KB / Downloads: 5)
INTRODUCTION
Qcity Bank is one of the leading Financial Institutes in India. Qcity Bank is planning to
automate all the banking operations. At first level they would like to automate key
operations in the following three divisions.
1. Core Banking
2. Investment Banking
3. Loan Management
Core Banking
Key operations in core banking are operating various accounts like, savings account,
current account, salary account, pension account etc.,. If customer wants to open any
account first they need to register with the bank. For registration process customer need to
approach customer representative of Qcity Bank. The customer representative will enter the
details of the customer in the system and system should generate a unique customer id.
The requested customer id will be activated only after validating the address proof and PAN
card. Otherwise, the status should be inactive.
After successful registration of the customer, system must generate a unique customer id
and the same is given to the customer for future reference.
To open any one of the following accounts customer must provide the customer id to the
clerk. Clerk will enable the requested account based on the eligibility criteria defined against
each account. The detailed description of various accounts available in the bank are given
below:
Savings Account : This can be opened by any individual and bank will pay interest against
the average balance maintained in the account. Detailed features of this type of account
are given below:
1. A minimum deposit of Rs. 1000 (metro/urban branches), Rs. 500 (semi-urban/rural
branches) is required to open an account and thereafter an average monthly balance
of the same amount has to be maintained. If the balance is not maintained, a charge
of Rs 25/- per month would be levied.
2. Interest on a Savings Account is paid at 4.00% p.a. on a monthly end of day
balance, w.e.f the day of activation of your account.
3. Minimum age of opening an account is 18years. In case of customer is less than 18
years then bank needs the information about the guardian( the person who is already
the account holder of the same bank) as well.
4. Joint account facility is also provided by the bank. The minimum age for one of them
can be below 18 years.
5. No over draft facility
6. Free - 25 cheque leaves per calendar quarter. Additional cheque book of 25 leaves
will be charged @ Rs 50/- per cheque book
7. Can avail additional facilities like debit and credit cards
8. Joint account facility is available.
Salary Account: It is like a regular savings account, where your employer will credit your
salary/pay check every month. Detailed features of this type of account are given below:
1. No deposit is required to open this account, zero balance is allowed.
2. Interest on this account is paid at 5.00% p.a. on a monthly balance.
3. If minimum quarterly average balance is more than Rs 20,000 then 3% interest
will be rewarded
4. Can avail overdraft facility, 10% of balance amount
5. Can avail additional facilities like, debit card and credit card
6. Free - 25 cheque leaves per calendar quarter. Additional cheque book of 25 leaves
will be charged @ Rs 25/- per cheque book
7. If the salary is not deposited for three successive months, then salary account is
automatically converted to regular savings account on the 1st day of the fourth month
Pensioner Account: A pension account can be opened by any employee. The account
can be opened six months prior to the date of retirement.
This type of account should contains the following features:-
1. Zero balance is allowed
2. Interest rate will be 4 % p.a on the principle amount
3. If Minimum Quarterly average balance is more than Rs 15,000 then 3% interest will
be rewarded
4. Automatic conversion from saving to current after the last salary credited
5. No overdraft facility
6. Free - 25 cheque leaves per calendar quarter. Additional chequebook of 25 leaves
will be charged @ Rs 50/- per chequebook
7. Can avail debit card, but no credit card facility.
8. Automatic closure of the account , if there are no transactions happened in the last 6
months
Current Account: Any individual/ private or public limited companies / partnership firms are
eligible to open this account. Detailed features of this type of account are give below:
1. A minimum deposit of Rs. 10,000 is required to open this account and thereafter an
average monthly balance of the same amount has to be maintained. If the balance is
not maintained, a charge of Rs 750/- per month would be levied.
2. No interest paid against on the balance maintained in this account
3. No overdraft facility
4. Check book facility is available, Rs 2/- per leaf
5. Can avail debit and credit card facility
6. Joint account facility
Fixed Deposit: Any Residents/ Partnership firms/Limited companies/Trust accounts are
eligible to have fixed deposit.