-
8/12/2019 6.4-Cbs Introduction Ppt
1/13
Introduction to Core Banking Solution
India Posts maintainsover 17 Crore accounts
with a deposit of rupees 5.5 Lakh crorerupees
in 1.5 Lakh post off ices.
-
8/12/2019 6.4-Cbs Introduction Ppt
2/13
Introduction to Core Banking Solution
India post is losing i ts customers due to
lack of modernization in its customerexperience and
operations.
At present, India post does not have the
services of ATMs, Mobile banking and
demat certif icates facil ity.
-
8/12/2019 6.4-Cbs Introduction Ppt
3/13
Need for Core Banking Solution in Post Office
Majority of work in manual and duplication
Cheque clearing is done in manual andlocally
No Global account number system
-
8/12/2019 6.4-Cbs Introduction Ppt
4/13
Need for Core Banking Solution inPost Office
No data protection and customer data
Cash management function is inadequateresulting extra work
No MIS facili ties
Issue of certi ficate in manual instead of
Demat
Poor record maintenance
-
8/12/2019 6.4-Cbs Introduction Ppt
5/13
Need for Core Banking Solution inPost Office
Inadequate audit functions
Non agreement of balances
Non integrated systems architecture
customer services and back office
Calculations of agents commission in
manual
-
8/12/2019 6.4-Cbs Introduction Ppt
6/13
Need for Core Banking Solution inPost Office
Real Time Processing
Multi channel support l ike ATMs/MobileBanking
Process automation and simpli fication to
reduce service response times
-
8/12/2019 6.4-Cbs Introduction Ppt
7/13
Benefits of Core Banking
Solution
Reduction off operationsElimination of duplicate works
Stream line process to customers
Processes help to reduce operational risk
-
8/12/2019 6.4-Cbs Introduction Ppt
8/13
Benefits of Core Banking Solution
Minimum staff required
Lesser time in handing the POSB CBS
transactions
Online processing of bank cheques
-
8/12/2019 6.4-Cbs Introduction Ppt
9/13
Benefits of Core Banking Solution
Auto reversal of transactions and
associated charges Various interest calculations
Bills payment for customers
Support telephone banking services
-
8/12/2019 6.4-Cbs Introduction Ppt
10/13
Benefits of Core Banking Solution
Inter branch transfers and transactions
Telephone and Internet banking
-
8/12/2019 6.4-Cbs Introduction Ppt
11/13
Architecture of Core BankingSolution
High database security systemHigh database security systemReal
time functionality with offReal t ime functionality with off--
line capabilityline capability
Run of RDBMS and openRun of RDBMS and opendatabase
connectivitydatabase connectivity
Use of graphical user interfaceUse of graphical user
interface
-
8/12/2019 6.4-Cbs Introduction Ppt
12/13
Architecture of Core BankingSolution
Smart card
Screen verification of signatures
Cash account on accrual basis
One uniform ledger for all modules of all
post offices
Auto generation of daily balance sheet
-
8/12/2019 6.4-Cbs Introduction Ppt
13/13
Architecture of Core BankingSolution
Reversal of accrual and prepayments
Online transactions to customers oncentralized database
Lowest connectivity cost in maintaining
local database
Mailing system for customer Relationship
management
