Overnight Call Money (Fund Borrow) System For Banks and Non-Bank Financial Institutions

Abstract

All type of Banks and Non Bank Financial Institution (NBFI) requires the Call Money System to meet their liquidity. It is used for interbank, non- bank transaction. When a bank or NBFI faces cash crunch it borrows money from another bank or NBFI. Those involving bank’s transaction conducted over the telephone. In this project the user can input the entire borrowing details like the amount, rate of interest, name of the bank or NBFI, type of borrow etc. All these receiving data and payable data are enlisted in a detailed form called Deal Slip. After insertion of all these data, Approver check all the details to approve and can also revert them if needed. The user also can print the cheques and create voucher after approval. The goal of this project 'Overnight Call Money (Fund Borrow) System for Banks and NonBank Financial Institutions' is to combine the whole call money system process under one entity. The software system can be managed by any user and this also saves the business from taking the trouble of hiring extra manpower and increase efficiency. This project will help the users of both the banks and non bank financial institutions to get all previous records of individual deals and can compare it with the recent deals so that company can predict the loss or profit and can run the business smoothly.