19

INNOVATIVE BANKING PRODUCT - SMART DRIVE

Embed Size (px)

Citation preview

SMART DRIVEA Smart drive is a banking financial product that helps the customer to do all their banking transaction.It helps in transferring of funds, payment bills, request for some thing, update passbook, recharge mobile phone etc.

FEATURES OF A SMART DRIVE 1. MONEY TRANSFER

Smart drive facilitates electronic money transfer for one account to another. In smart drive money can be transferred either with internet connection of without internet connection.The costumer using smart drive for transfer drive will be safe guarded from various security measures inbuilt inside the smart drive. Once the transaction of transfer is complete the costumer will receive a message in his mobile phone about the status of the transaction.

This in another unique feature of smart drive the costumer can make all his payments using the smart drive. These payments may include electricity bill, water bill, TV cable connection bill, telephone bill etc. Before proceeding to the payment the costumer will have to specific mention and select the type of bill that he/she in going to make. These specifications will help the banks to keep track of all the transaction that a costumer is doing.

2. PAYMENT OF BILLS

Whenever a costumer opens a bank account and wants to apply for a check book or wants to apply for any other facility, he can use the request option that is inbuilt in the smart drive. The costumer can also use this option for requesting for another smart drive that he may use his smart phone. With the help of the request option in the smart drive the costumer can request for anything from the bank instead to going to the bank and filling up the request form.

3. REQUESTS

4. ATM

ATM is another unique feature of a smart drive, in case a costumer does not have a smart card with him, he can use his smart drive to collect cash over the counter from a nearby branch of any bank. All that the costumer will have to do is give the smart drive to the widow operator of the branch and enter the pin number that the bank has allotted to him while drawing cash, after the payment will be made In cash over the counter.

5. PASS BOOK UPDATE

Auto update is another feature of smart drive, any transaction a costumer executes in the smart drive will be automatically recorded and immediately updated in the respective passbook and also a message will be sent to the respective costumer’s mobile phone. Every day the transactions executed are recorded, updated and saved for further use. The counter using a smart drive need not have a pass book and go to the bank to print the and update, instead he can use passbook update facility inbuilt in smart drive that record all his day-to-day transaction and he can track down any particular days transaction.

6. MOBILE RECHARGE

The costumer can use his smart drive to recharge his/her mobile phone.Procedure to recharge:1. Select which companies sum card that he/she is using.2. Enter the valid phone number.3. Specify the amount to be recharged.4. Confirm that all the details entered are correct and proceed with the

recharge.

7. ENQUIRY

The customer can enquire can about his account details using the enquire option, he/she can also enquire about the procedure to take loan from the bank. The customer can also enquire about the status of any transaction that his/she is executed.There are special toll number inbuilt in the smart drive that helps the customer to enquire.

8. SUPPORT

Smart drive support services minimize your design risk and significantly improve time-to-market by providing experienced design. Smart drive who can provide programming support, code consultation, and trouble shooting for many of the current development environments.Additionally, the smart drive is also inbuilt with a user toll-free number which the user can use to do any clarification regarding the smart drive or his account details.

1. OPEN A BANK ACCOUNT2. REQUEST FOR THE SMART DRIVE AT THE RESPECTIVE BANK WHERE YOU HAVE OPENED THE ACCOUNT3. THE RESPECTIVE BANK WOULD PROVIDE YOU WITH THE DRIVE AND USERNAME AND P.W4. INSERT THE DRIVE IN YOUR SYSTEM, LOGIN AND YOU CAN DO ALL YOUR TRANSACTIONS.

PROCEDURE TO OBTAIN A SMART DRIVE

SMART DRIVE

Logout successful

You have been successfullyLogged out of smart drive.

SMART DRIVE

Smart drive for android mobile phones Smart drive is available in two different types: 1. Smart drive for computers 2. Smart drive for smart phones

TRANSFER OF FUNDS OVER BLUETOOTH

Link IP address

MERITS OF SMART DRIVE It is quite convenient as you can easily pay your bills, can transfer funds between accounts,

etc. Now you do not have to stand in a queue to pay off your bills; also you do not have to keep receipts of all the bills as you can now easily view your transactions.

It is available all the time, i.e. 24x7. You can perform your tasks from anywhere and at any time; even in night when the bank is closed or on holidays. The only thing you need to have is an active internet connection.

It is fast and efficient. Funds get transferred from one account to the other very fast. You can easily transfer funds with the help od Bluetooth facility inbuilt in the smart drive. Therefore transfer of funds sometimes need not require internet connection.

Through Smart drive, you can keep an eye on your transactions and account balance all the time. This facility also keeps your account safe. This means that by the ease of monitoring your account at anytime, you can get to know about any fraudulent activity or threat to your account before it can pose your account to severe damage.

DEMERITS OF SMART DRIVE Understanding the usage of smart drive might be difficult for a beginner at the first go. The costumer will

have to read the manual and then understand as to how to access online accounts, how to transfer funds etc. So, a person who is new, might face some difficulty.

You cannot have access to smart drive if you don’t have an internet connection; thus without the availability of internet access, it may not be useful.

Security of transactions is a big issue. Your account information might get hacked by unauthorized people if you lose your smart drive without logging out.

Password security is a must. After receiving your password, do change it and memorize it otherwise your account may be misused by someone who gets to know your password inadvertently.

THANK YOUTHANK YOU