Thesis About Computerized Banking System

Thesis About Computerized Banking System-49
Strong initiatives have been taken by the Reserve Bank of India in strengthening the Payment and Settlement systems in banks.

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These are all remarkable landmarks in the digital revolution in the banking sector.

Online banking has changed the face of banking and brought about a noteworthy transformation in the banking operations. Real Time Gross Settlement (RTGS) is primarily used for high-value transactions which are based on 'real time'.

Since the invention of the first machines, the world has experienced a tremendous degree of advancement in technology and ones for the machine invented for solving complicated problems in the computer.

With increasing frequency, it is recognized that an understanding of the computer how it influences accounting operations and it’s benefits to every accounting students and intend to work this world of advancing technology cannot be over emphasized.

A major driver for this change was propelled by rising competition from private and foreign banks.

Several commercial banks started moving towards digital customer services to remain competitive and relevant in the race.

- - - 16 2.3 Manual Bookkeeping and Electronic Data Processing - 17 2.4 Meaning and Purpose of Accounting System- - - 21 2.5 The Development of Computers - - - - 24 2.6 Method of Processing and application of Data in Accounting - - - - - - - - 29 2.7 Advantage of Computerization of the accounting System 36 2.8 Limitations of Computerization - - - - - 39 CHAPTER THREE 3.0 Research Methodology - - - - - - 41 3.1 Introduction - - - - - - - - 41 3.2 Method of Data Collection - - - - - - 42 3.3 Source of Data Collection - - - - - - 45 3.4 Method of Data Analysis - - - - - - 45 3.5 Conclusion - - - - - - - - 46 CHAPTER FOUR 4.0 Presentation and Analysis of Data- - - - 47 4.1 Introduction - - - - - - 47 4.2 Data Presentation and Analysis- - - - - 47 4.3 Data Presentations - - - - - - - 48 4.4 Data Analysis - - - - - - - - 50 4.5 Summary of finding- - - - - - - 51 CHAPTER FIVE 5.0 Summary, conclusion and recommendation - - 53 5.1 Summary - - - - - - - - 51 5.2 Conclusion - - - - - - - - 52 5.3 Recommendations - - - - - - 56 Bibliography - - - - - - - 58 Appendix: CHAPTER ONE 1.0 INTRODUCTION In the ancient days, human activities were relatively easy.

The difficulties posted by nature then, were considerably simply and demanded solutions of man and his way to solve them necessitated the inventors of machines.

The launch of United Payments Interface (UPI) and Bharat Interface for Money (BHIM) by National Payments Corporation of India (NPCI) are significant steps for innovation in the Payment Systems domain.

UPI is a mobile interface where people can make instant funds transfer between accounts in different banks on the basis of virtual address without mentioning the bank account.

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