Account opening and closing depends on the Term & Table of the deposit scheme. While opening an account the rate of interest and other terms are checked in the latest Term & Table. If there is any change in the rate of interest or rules of deposit schemes it will be reflected in the new accounts only which were opened after the latest change. It will not affect the accounts opened earlier. The old accounts will follow the Term & Table that was available at the time of its opening. However, the deposit schemes can be customized individually to follow the Term & Table according to requirement.

6.     LOAN ACCOUNTS:

      Each loan A/c will get a unique system generated loan account number. Records of various types of security can be kept in the database. It should be noted that the software package is capable of storing multiple security for a single loan. Provisions are there to validate what amount of loan may be granted against security. The package also provides the facility to check that if an account is provided (say a fixed deposit A/c) as security to a loan account, then the security account cannot be closed until the loan is recovered or replaced by other security. Loan interest or E.M.I. etc. can also be maintained by the software package. The package comes with the following loan schemes:

a.       Term Loan

b.       Personal Loan

c.       Cash Credit Limit

d.       Small Business Loan

e.       House Building Loan

 Other type of loan schemes can be added or deleted according to requirement. Similarly, interest rates, E.M.I., interest calculation formula, Late Penalty, Processing Charge, and Bond etc. can be maintained separately for different loans scheme. The software package provides complete flexibility to customize the loan schemes.

7.     CASH COUNTER

1. PAYMENT

In case of withdrawal the clerk can check the particular A/c of the customer and can update the ledger of that account depending on the cheque/voucher tendered by the customer and the deposited amount. The customer will be given a token. The passing officer can check the transaction, signature etc. and authenticate the transaction by his password. The passing officer can cancel the transaction at any time if required. Once the transaction is authenticated the teller at the payment counter can access it by the token number. On typing the token number in the specified field, the account details of the particular account as well as the amount to be paid for the particular transaction will be displayed in the screen. The teller can complete the transaction by clicking the DONE button followed by his password. The system will display a message “Transaction Completed Successfully” and update the

 8.     PAYMENT SCROOL.

2. RECEIPT

In case of receipt the cashier can receive cash under any head. If cash is received against a customer A/c, then the individual ledger of that particular A/c will be updated. For every transaction the teller has to be authenticated by his password. After any transaction the RECEIPT SCROOL will be updated.

VOUCHER ENTRY:

After the business time various vouchers related to different transactions and various General Ledger Heads can me entered. All these entries will be stored temporarily until daily closing. The software package provides the following voucher entry facilities:

1. CREDIT VOUCHER

a.       CASH CREDIT

b.      TRANSFER CREDIT

2.   DEBIT VOUCHER

a.       CASH DEBIT

b.       TRANSFER DEBIT

DAILY CLOSING:

After all the transactions and voucher entries are over, the system will automatically generate printable a Daily Statement Report. The day’s full transaction details will be reflected in this report. It will have a payment side showing all the cash payments as well as transfer payments to different GL Heads. Similarly the receipt side will show all the cash receipts as well as transfer receipts by different GL Heads. The report will also show the Day’s Closing Cash in Hand.

GENERAL LEDGER POSTING:

If the Daily Statement Report is correct, the GL Posting can be done simply clicking the POSTING BUTTON.

SECURITY:

The database is protected by multi level password authentication system. Each user will get a user account identified by a User ID and a password. Depending upon the designation or job of the user the administrator can grant privileges to the users, which are fully customizable. The user can access only that part of the database for which he has got privilege. Any transaction/modification made by the user is recorded by the package. So he/she can be traced at any time.

 OTHER MODULES:

GENERAL ACCOUNTS

                        A/C WISE INDIVIDUAL LEDGER

                        LOAN LEDGER

                        GENERAL LEDGER

                        GENERAL LEDGER GROUPS

                        GENERAL LEDGER HEADS

                        INVESTMENTS

                        SHARE CAPITAL

                        STATUTORY RESERVE

                        TDS

            EMPLOYEE DETAILS

                        PAY ROLL

                        EPF

                        ADVANCES/LOANS

                          BALANCE SHEET

                        NPA MODULE

                        RBI STATEMENT

                        HALF YEARLY CLOSING

                        ANNUAL CLOSING

INSTALLATION PROCESS:

By User: SST Bank Manager is a very user-friendly package. The user is guided through the installation process with the help of wizards.

By SSTech: SSTech’s Software Engineer shall help in the installation of the software, if desired.

CUSTOMER SUPPORT:

We have a 24x7 Helpdesk @ 9954-100-247 to listen to customers problems. Moreover, we have an efficient group of service engineers engaged in different locations to rectify the problems at the earliest. We also provide resident service engineers on paid basis if required by the customer. At present our service is available at Guwahati, Nagaon, Tezpur, Jorhat, Dhubri and Silchar. Online support is also available over the net.

EXPERIENCE IN BANKING SECTOR IN NORTH-EAST REGION:

We have successfully carried out the computerization of 5 branches of PANCHARATNA FINANCE AND INVESTMENT LIMITED.  They have their registered office at A. T. Road Guwahati and H. O. at B. M. Rd. Nagaon. All the modules mentioned above are included in the project.