E-banking With Otp Security

E-Banking with OTP security

Abstract:-

Online banking enables bank customers to handle account management and perform account transactions directly with the bank through the internet. Online banking allows a user to conduct financial transaction via the internet. Online banking offers customers almost every service traditionally available through a local branch including deposits, transfers, and online bill payments. Users are not required to visit bank branch to complete the transactions. They can do all of these at their own convenience, whenever they want at home, at work. In order to access the services, clients need to register for their bank’s online banking services. In order to register, they need to create password. Once that is done, they can use this service to do all their banking transactions. Most banks generally offer basic services such as transfers and bill payments. Online banking is fast and efficient. Funds can be transferred between accounts almost instantly. Depositors can monitor each transaction in an accessible user interface to understand how credits, deposits, deductions and payments affect their account's balance. This project aims at creation of a secure Internet banking system. This will be accessible to all the customers who have a valid User Id and Password. This is an approach to provide an opportunity to the customers to have some important transactions to be done from where they are at present without moving to the bank. In this project we are going to deal with the existing facts in the bank i.e.; the transactions which takes place between customer and the bank. We provide a real time environment for the existing system in the bank. We deal in the method transaction in the bank can be made faster and easier, that is our project, it is an internet based computerized approach towards banking.