• www.inavit.in

Core Banking Solutions

Banking business has evolved over a period and grown exponentially around an entire gamut of products and transactions under a wide umbrella. Core Banking is the meeting point of the largest banking services segments, cutting edge Information Technology and the ever advancing Communication Technology. It is all about providing the banking customers with the right products at the right time through the right channels 24 hours a day, 7 days a week through a multi location, multi branch network.

INAVIT have built a powerful collaboration with Jalgaon Janata Infotech Pvt. Ltd. This collaboration provides access to state of- the art technology and know-how, and enables us to position our company at the Core Banking Technological forefront of software making innovations.

Our products service the best breed of the banks, and incorporate deep business functionality. These products have enabled our customers to differentiate their services, making them more competitive in the market place. We offer end to end core banking services along with microfinance and Financial Inclusion Services ensuring the availability of banking services at an affordable cost to disadvantaged and low-income groups.

Our Strengths:

  • Firm Foundation: Strong domain knowledge that helps us understand and analyze customer needs and in turn enhances our speed and quality in     development customization, technical support.
  • Sound minds: A close knit team of Software Architects and Developers who have at least 5 year's experience in Object Oriented Product Development,
        Testing and Implementation along with highly original, creative thinking.
  • Technical Excellence: Skillsets as diverse as databases like Oracle, Ms-SQL, Postgres, Front ends like Visual Basic, JAVA, Visual FoxPro, Clipper, Internet
  • Technologies like ASP, VB Script, JavaScript, HTML, Network Operating Systems like Windows 2003 Server, Linux, Netware and many peripheral and     productivity enhancement tools.
  • Innovative Ideas: Workshops and lectures to support capabilities and to enhance self reliance.State-of the-art set-up: With complete, modern infrastructure     and facilities.

Going places:

Backed by these strengths and a track record of huge success in banking, we are now set to take the same expertise to the customers in diverse sectors such as management, hospitality, healthcare, communication, manufacturing etc.

Add-Ons:

Apart from Branch Automation Products we have developed products for Consolidation and MIS, Advances Monitoring (Asset Management), Shares/Members Accounting, Interbank Reconciliations etc. Our customers have found these products very useful for productivity and customer service enhancement.

Electronic Delivery Channels:

  • We have developed an installed interfaces for most latest electronic delivery channels such as:
  • ATMs from Internationally reputed vendors like Diabold, NCR, APLAB
  • AWM (Automated Withdrawal Machines) with biometric verification.
  • Smart Cards based on Mifare technology from Phillips.
  • Touch Screen based customer information kiosks.
  • Mobile banking through Short Messaging Service (SMS)
  • Internet based delivery of statements, Customer Query Response.

Following are the advantages of Core Banking:

  • Limited Professional Manpower to be utilized more effectively
  • Customer can have anywhere, more convenient and easier banking
  • ATM, Internet Banking, Mobile Banking, Payment Gateways, Referral Business
  • More Strong and economical way for MIS
  • Reduction in Branch Manpower by 15-20%
  • Additional Manpower available for Marketing, Recovery and Personalized banking
  • Instant Information availability for decision support
  • Quick and Accurate Implementation of Policies
  • Improved Recovery Process causing reduction on recovery costs, NPA Provisions
  • Innovative, redefined or improved processes (e.g. Inter Branch Reconciliation) causing reduction in Manpower at Head Office Reduction in Software maintenance at Branch and Head Office
  • Centralized Printing and Backup resulting in reduction in capital and revenue expenditure on printing and backup devices and media at branches
  • Electronic Transactions with Other Financial Institutions
  • Increased Speed in working resulting in more business opportunities and reduction in penalties, legal expenses etc

Following are the distinctive features of Banking:

  • Parameterised Operations.
  • Scroll based browser Screen.
  • Multilingual Operations.
  • Single Window Operation
  • Client ID concept.
  • Max. operations & information on Hot keys.
  • User configurable printing-DD, FDR, Passbook etc.
  • Daily Receivable, Payable.
  • User level based security.
  • Data Export Facility.
  • Parameterized Teller, Officiating Clerk Transaction.
  • Cascaded day End/Begin
  • .Auto generations of all type of charges.
  • Normalized data structure for consistent and quick access.
  • Online Snapshot backup after specified time interval.
  • Remote Transactions through modem of media are available
  • .Strong system for Bills (OBC, IBC, Bank Guarantee and Pay Orders) are available.
  • A/c. Opening documents received/pending message while transactions on A/c.
  • User wise Reminder Setting.
  • Standing instructions of any period and effect are possible.
  • All types of MIS, Statutory report, RBI Returns (Form9,Annexture-1, CRR, SLR Register), OSS CRAR Statements.
  • Secured & Authorized Signature Operations.
  • User Configurable Trial Balance and P & L Account with multiple formats.
  • Auto Log off when no key pressed.
  • Transfer Transaction Set is scrolled only when debit & credit totals are matching.
  • While authorizing the transactions officer has to enter amount from the voucher.
  • Auto import of inward clearing.
  • ECS Clearing.
  • FIU Reports in softcopy.
  • Customers photo, sign can be directly captured through SHRIBHUSHAN itself.
  • Auto service tax transactions.
  • Officer wise passing levels, Overdraft limits.
  • While transacting a Loan account status regarding Overdue/Overdraft, Insurance due, Renewal, Stock Statement will Automatically appears on the screen.
  • NPA calculations & Health Code Updation.
  • Connectivity Interfaces for pigmy Terminals, ATM IVRS, Touch Screens is built-in.
  • Clearance of Outward Clearing Cheques based on Fate Delay and Branch weekly off.
  • TDS, enquiry, TDS Applicability for individual customer. TDS Intimation letter to customer.
  • Surety Liability Register.
  • Locker Details, Dead Stock Account, Depreciation Register details.
  • Multiple Session Operations.
  • Updated version is available on internet.

RBI/MIS/OSS/ALM Reports Available in the Software:

- At Datacenter Level or After Consolidating all the the Data from branches through softcopy , following consolidated as well as branch wise reports are available.
- Consolidated, Branch wise Overdue, NPA, Priority Report, Purpose wise, Security code wise analysis, Surety Liability, Minority community report.
- Amount wise analysis , Segment wise analysis, Portfolio analysis, TOP N accounts - such as TOP Overdue, Top NPA, Top sanctions etc.
- NPA Summary, NPA Provision lists, Health code wise classification, NPA List As Marked, IR Summary etc.
- Top Depositors, Rect. amount wise, Rect. date wise, Maturity date wise, Period wise, Interest rate wise analysis, average interest rate, Cost of fund.
- Amount wise Classification of Loans, Interest Rate wise Classification of Loans ,Due Date wise Classification of Loans
- Purpose wise Classification of Loans, Purpose wise - Term wise Classification of Loans
- Priority wise Classification of Loans ,Weaker Section wise Classification of Loans
- Security wise Classification of Loans , Account Type wise Classification of Loans , Surety-Liability
- Overdue Analysis, Demand Recovery, Projected Overdue.
- FIU Reports, Income Tax reports.

Deposit Reports :
Amount wise Classification of Term Deposits
Maturity Pattern of Term Deposits of Deposits
Constitution wise Deposit Analysis
Account Type wise Classification of Deposits
Top N Depositors
Period wise Classification of Deposit.
Deposit Movement Report

OSS Statements :
Top N Impaired Credit or More than 100 Lakhs
Top N Large Exposure - Single Borrower
Top N Large Exposure - Group Borrower
Loans and Advances - Risk Weight
Segment/Sector wise Advances (Priority / Non priority (By Purpose))
Industry-wise Exposure (as per Purpose Code)
Quarterly Movement of NPAs
Term wise Secured/Unsecured Loans
Interest and Expenses Receivable on NPA
Portfolio Analysis
Classification of Loans and Advances

ALM Reports :
ALM Structural Liquidity
Term Loan Residual maturity of Principal amount.
RBI Returns :
RBI returns such as
Form No. I
Form No. IX
Annexure I
Daily Liquidity
Liquidity register
CRR & SLR register
Form B
RBI Statement 1 to 10 etc. can be generated from the system.

Averages :
Fortnightly Deposits
Fortnightly Advances
Fortnightly Investments
Fortnightly Earning Assets
Fortnightly Working Capital
Fortnightly Return on Assets

SMS Banking Application:

With the help of advance technology JJIT has developed a SMS Banking application which is very much beneficial for the banks and their customers, SMS Banking facility can be given to the customer beyond Transaction hour's or on holiday also. For that any GSM sim card with bulk outgoing message plan and the SMS Banking software developed by JJIT is required.

Followings services are given through the SMS Banking software:

Current Balance in a Account.
Last Five Transactions on the account.
Cheque Book Request.
Today's Dr. Cheques
Overdue alert to the Borrower.
CC Renewal Intimation.
Birthday Wishes.
Seasonal Greetings.
Thanks for A/c opening.
Thanks for Loan Repayment for Overdue A/c's

For first three services customer has to give the request to us and considering the request given by customer, Our system will automatically send a SMS to the customer's Mobile,
From service No. 4, rest of services are system generated and can be send to the customers by clicking a single option.

If user wants to send messages to all the overdue accounts having overdue installment above two, then through a single option message with overdue details will be send to all the overdue accounts, same options are available for CC Renewal, Birthday wishes, Deposit a/c matured etc.

Head Office Modules:

1. Head Office General Ledger (Day Book) :
General Ledger consisting of Accounts handled by Head Office such as Funds, Investments, Fixed Assets, Branch Accounts, Clearing related Accounts, Loans & Advances to Employees, NPA Provisions, Reserves, Share Capital, Profit & Loss are maintained in the system.
Debit / Credit Advices Vouchers can be directly printed from the system.
Data can be exported for consolidation, reconciliation and shares modules.
Investment Registers, Fixed Assets Register and other statutory reports can be generated.
Interest receivable on investments and Loans can be generated.
Interest payable on borrowings from apex institutions, Interest Receivable/Payable on branches A/c can be generated.

2. TB, P&L Consolidation and RBI Returns :
Software has facility to export balances required for periodic reporting of above.
Files exported from the branches can be imported into the Consolidation Software.
Data from Branches which have computerized operations can not be modified at HO.
Data can be manually entered for branches which are not computerized.
Alternate GL Codes or P&L Codes can be recorded for conversion at HO.
Consolidated and branch wise Trial Balance or Profit & Loss can be generated or printed.
Comparative Trial Balance, Profit & Loss, Total Deposit, Loans, Branch wise & Consolidated Reports are available.
Graphical presentation of General Ledger Heads, Branches.
RBI returns such as Form No. 1, Form No. 9, Annexure I, Liquidity register, CRR & SLR register, Form B etc. can be generated from the system.
Off-site Surveillance System (OSS) statements.
In RBI returns Schedule of each figure (How it is calculated) is available by pressing space bar on particular figure.

3. Shares :
The Share Capital Sub ledger is maintained through this module. It can not be integrated with Head office general ledger due to various administrative and security related reasons but it will Cross Check share capital Balance in Head Office Day Book.
The module has following features:
Total share capital figure is always available on screen.
There is a Maker / Checker concept for each Share transaction.
Member application details are stored and allotted, Rejected member application list is available for the period, and history of Application is recorded.
All necessary Member Details are stored and viewed in a single screen.
Allotment of New / Linking Shares, Transfer or Surrender of Shares can be recorded.
User Configurable Printing.
Dividend Calculations and Warrant / Transfer Lists.
Data Export for dividend.
Dividend Lists
Statutory reports such as 'I' register, 'J' register, and other reports
Address Label Printing is available in different size, and with different combinations.
Option of all operations in DEVNAGARI script.

4. Reconciliation :
Inter bank transaction reconciliation by way of matching and knocking of the transactions is available on Basis of matching on Instrument No. and Amount. Reports of debit, credit, outstanding items are available, List of Probable matching entries on our and their side, Pending item list, RC Summary etc. Their statement can also be imported directly if Soft copy of statement is available, Date wise, Amount wise pending item lists, Reconciled Entries List, Period wise outstanding entries etc reports are available.

5. Investments :
The investment module consist of detail information of Investments made by the bank in the form of Deposits with co-operative banks, nationalized banks or private commercial banks, financial institutions, Government securities under SLR or other than SLR, SGL securities etc can be recorder in the system with details such as investment date, amount, period, interest rate, interest payment method, maturity date, market value, broker details. Reports such as Receivable Interest, Due Date Register, Receivable Interest Projections, Rate wise analysis can be generated. For Government Securities Sale, Purchase transactions are recorded, It gives SGL banks information, Party intimation, Deal ticket, Valuation report, YTM, CYTM, Investment register etc.

6. Consolidation of Data for MIS:
Files exported from the branches can be imported into the Consolidation Software.
Data from Branches can not be modified at HO.
Alternate GL Codes or P&L Codes can be recorded for conversion at HO.
Consolidated and branch wise Trial Balance or Profit & Loss can be generated or printed.
Comparative Trial Balance, Profit & Loss, Total Deposit, Loans, Branch wise & Consolidated Reports are available.
RBI returns such as Form No. 1, Form No. 9, Annexure I, Cash & Bank Balances, Liquidity register, CRR & SLR register, Form B and Daily Position can be generated from the system.
OSS statement 1 to 7, CRAR, ALM Maturity Buckets, ALM Structural Liquidity Period wise analysis etc.
After gathering all the Loan account information, consolidated as well as branch wise reports are available.
Consolidated, Branch wise Overdue, NPA, Priority Report, Purpose wise, Security code wise analysis ,Surety Liability, minority community report.
Amount wise analysis , Segment wise analysis, Portfolio analysis, TOP N accounts - such as TOP Overdue, Top NPA, Top sanctions etc.
NPA Summary, NPA Provision lists, Health code wise classification etc.
Top Depositors, Rect. amount wise, Rect. date wise, Maturity date wise, Period wise, Interest rate wise analysis, average interest rate, Cost of fund.

7. Payroll :
Completely parameterized payroll software for computing monthly salaries, wages of all employees. All the monthly and annual statutory reports, cost center wise analysis. Standard features such as employee master data, monthly deductions, leave details & statutory deductions etc.
You can store employee information as per your requirement.
you can define a expression for each earning and deduction head.
Each employee information field have effective date which will give detail history of employee as on particular date.
You can have exception calculation for particular employee.
Loan details are stored for each employee and interest for the month is calculated, Loan account balance is printed in pay slip for each month.
You can design your own reports using a report builder option, which is very useful.
PF statements 3A, 6A, Annual challan summary etc.
Tentative income tax report, Form no.16 are auto generated.
All the required Reports are available