INTRODUCTION OF PROBLEM

In today’s world of emerging technologies, enterprises are moving towards the Internet for businesses. People are rushing towards the e-commerce applications for their day-today needs, which in turn are making the Internet very popular. In the fast growing world, banking is a necessity, but in case of traditional banking which in turn takes a lot of time from our busy schedule. Going to a branch or ATM or paying bills by paper check and mailing them out, and balancing checkbooks are all time-consuming tasks. Banks have spent generations gaining trust of their customers.

The existing system of using simple spreadsheet and other office assistance for knowledge management of banking mechanism has lost its significance.

The Manual work of maintaining the information has lots of problems, which are as follows:-

· Maintenance of large number of records is a hectic job.

· Inefficiency in responding to queries.

· Time consuming process.

· Chances of loss of privacy and integrity of data.

· Inability to recover form data damages.

· System is not transparent.