MART CASH DEPOSITPreethi.MIII CSE Karpagam Institute of TechnologyCoimbatore.

CONTENT

Introduction

How to deposit money ?

Prototype

Need

Competitive advantage

Disadvantage

Conclusion

Reference

INTRODUCTION

Smart cash deposit is a new way to deposit the bulk amount through ATM at an instant. The process for depositing cash at an ATM varies from bank to bank.

HOW TO DEPOSIT MONEY ?

In bank

The depositor fills out the slip to indicate

what types of funds are being deposit.

Name, account number and amount should

be mentioned on the deposit slip.

Hand over the deposit slip to the teller along

with the cash.

CONTD…

Through ATM

Insert your card, and enter your PIN number.

Choose the on-screen option for deposits.

Enter the amount of your deposit if necessary. Some ATMs can

figure out how much you’re depositing and they won’t ask.

Wait for confirmation and your receipt.

PROTOTYPE

• SYSTEM STARTER - INSERT CARD AND SELECT TRANSACTION - DEPOSIT AMOUNT- CONFIRMATION RECEIPT - SYSTEM STOPPER

•  

NEED

Can overcome the problem of depositing by

single currency.

The new cash deposit feature will speed up

the process.

Allow the customer to deposit without time delay.

More convenient.

May not attract the unwanted attention.

The deposition can be done without any hassle.

COMPETITIVE ADVANTAGE

Anytime

Mechanism

Avoidance

Accuracy

Reduced time

DISADVANTAGE

Owned by your bank.

May not be registered into an account.

No mechanism for denomination.

Cannot deposit without card.

CONCLUSION

• Smart cash deposit is the recent trend in IT most wanted technology too. But still user need to mention the denomination of the currency in an accurate manner if they make any fault then it reflects on account updation. Eventhough there is some negative points People are feel more convenient with this cash deposit through ATM.

REFERENCE

1 http://m.authorstream.com/presentation/ddwmumbai-1897923-smart-cash-deposit/f

2 http://banking.about.com/od/checkingaccounts/a/atmdeposits.htme

3 http://www.webcrawler.com/info.wbcrwl.305.03/search/web?fcoid=417&fcop=topnav&fpid=2&cid=141922384&ad.segment=info.wbcrwl.ATMt

4 http://www.webcrawler.com/info.wbcrwl.305.03/search/web?q=debit+problems&cid=141812464&ad.network=s&ad.keyword=debit%20problems&ad.creative=28986384544&ad