Hashtag Banking

International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395 -0056

Volume: 03 Issue: 02 | Feb-2016 www.irjet.net p-ISSN: 2395-0072

Hashtag Banking

Neha Methwani

, Miss. Raana Syeda

, Sonia Wadhwani

, Sarangi Choudhari

Student, Dept. Computer Science & Engineering, Jhulelal Institute Of Technology, Maharashtra, India

Assistant Professor, Dept. CSE, Jhulelal Institute Of Technology, Maharashtra, India

Student, Dept. Computer Science & Engineering, Jhulelal Institute Of Technology, Maharashtra, India

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Abstract - This technique describes the “Hashtag

Banking System” that has launched a new savings

account product. The new product known as Jifi

Saver can be managed via a customer’s Twitter

and Facebook pages. Customers can sign up for a

Jifi Saver account on the website using their

Facebook or Twitter credentials.

“Hashtag Banking System” is a web based

Application which embedded in Banking System.

Our Application will fetch Account details of their

Customer and provide our facility of Hashtag

System, in which, Customers have to register in

their respective bank. Those who have Bank

Accounts the system will generate an OTP ie.one

time password and will send to their email

address and SMS for their security purpose.It is a

kind of social media banking, driven by the need to

provide relevant services for younger and

upwardly mobile customers; hash tag banking is

the new buzzword in large private banks. This

new system will use the [#] tags to simplify the

processing execution of the application and allows

accessing the system in an easy manner.

Key Words: Hashtag, Transaction, Balance, Banks,

Customers.

1. INTRODUCTION

In this Application, Hashtag plays an important role

in facilities of our Application. It includes transaction

service in which customers can transfer money from

one account to another by just using [#] tag. Once

user has completed transaction, the

acknowledgement will be sent to the respective

user’s mobile.

Kotak Mahindra Bank had earlier in March created

a similar bank account, called Jifi, which was a zero

interest current account with no minimum balance

restrictions. Jifi Saver offers customers an interest

rate of 6% on a balance of above Rs 1 lakh and 5%

interest per annum on a balance of up to Rs 1 lakh.

His savings account is also targeted at customers

who use online shopping and offers customers extra

transaction points from select e-commerce players.

It also includes facilities like to recharge their

prepaid mobile and DTH account and many more

Account activities. It will also generate their fund

transaction reports. It will also provide some special

offers related to Mobile recharge.

Its reduce the time of transaction and this facility is

providing 24*7 .It makes possible an efficient and

fast Resource. This Application has been developed

to carry out the process easily and quickly. This

Application is develop by using C-Sharp/C# .User

neither have to go through their bank sites and nor

fill all the require details. All users have to put only

there corresponding HASHTAG [#] to perform the

required services

It allows customers to do a lot of things such as you

can transfer your money online from one account to

another from any place. It also allows customers to

execute online banking transactions. You can get an

instant and secure update on your account balance,

transaction history and many more account

activities. Hashtag banking is also used to provide

services such as fund transfer, balance enquiry, and

feedback on your personalized account and can

handle requesting for bank statements

For example, in twitter:

By simply tweeting, few hash tags (exam: #BAL) you

get bank services like account balance etc. The

system has been developed for given condition and is

found working effectively. The developed system is

flexible and changes whenever can be made easy.

Using the facilities and functionalities of .NET, the

software has been developed in a neat and simple

manner, thereby reducing the operators work. By

using a simple HASHTAG [#] user can communicate

International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395 -0056

Volume: 03 Issue: 02 | Feb-2016 www.irjet.net p-ISSN: 2395-0072

with the application, just need an account to their

perspective bank.

For example, a customer with Kotak Mahindra Bank

will have to send #BAL as a direct message to

@KotakBankLtd to know the current balance of his

account. Another bank uses the Hashtag #pay

followed by the receiver’s Twitter handle and the

amount to be sent, to transfer funds. The bank will

then send a 4-digit pin to the initiator. The recipient

of the funds will then get a tweet from the bank.

There will be a link in the tweet to authenticate the

recipient’s Twitter account. The fund recipient will

then key in the 4-digit pin to successfully receive the

fund.

2. LITERATURE SURVEY

Driven by the need to provide relevant services for

younger and upwardly mobile customers, social

networking banking or Hashtag banking, is the new

buzzword in large private banks.

“Hashtag banking is a kind of social media

banking.”ICICI Bank and Kotak Mahindra Bank in

India are the early birds offering banking services

over Twitter and Facebook in order to stay ahead of

the game. ICICI Bank recently launched its Twitter

banking service—icicibankpay, to allow customers to

execute banking transactions through Twitter.

Kotak Mahindra Bank, which has launched Jifi Saver

in 27 cities, offers 23 services under the product,

According to Deepak Sharma, executive vice-

president, digital services of the bank. ”Through the

scheme, customers can manage their bank account

through Twitter or Facebook. It includes facilities to

recharge their prepaid mobile and DTH

account.”Over 27,000 people are connected on Jifi

Saver. Customers, who have multiple bank accounts

or loan accounts, can use Money Watch, available in

the scheme and also get a credit bureau score.

“As a responsible Bank, our social media banking

channels have adequate security measures including

second-level authentication, in line with RBI

guidelines. It is pertinent to note that since its

introduction three years back, no case of any

fraudulent transaction has been reported on our

social media banking channels, despite many

thousands of transactions having been initiated

through it.”

Though, the problem seems to be that of security

awareness. But even if the security part is taken care

of, privacy remains an issue with icicipay. While the

bank may claim that they don’t share any financial or

account related information, the tweet about

initiating the fund transfer between the user and

sender’s account is shown on ICICI Twitter handle.

For e.g.: If ‘A’ has transferred funds to ‘B’ using

icicipay service, the Twitter handle of ICICI will show

a tweet saying A has initiated a fund transfer to B.

And, anyone who follows the ICICI Bank handle will

be in the know.

3. CHARACTERISTICS, RISKS AND NEEDS FOR

HASHTAG BANKING

“Social media banking is the latest offerings by banks

in India. But, given the apprehensive nature of

banking customers, how safe and secure is the social

media banking?”

The need of this project is to manage the list of

different person’s information organized by the given

account. Because without managing data easily is not

available to others. It will reduce the time. Reduce

the cost of Managing Data.

We need new system because we need fast and easy

recharge system and which is handled in mobile

phone also and new system will archive the goal of

fast online system. New system will use the’ [#]’ tags

to simplify the processing execution of the

application and which allow accessing the recharge

in easy manner. New generation have their outputs

in minimum time with minimum access faster

execution time and provide easiest way to precede

Further.

4. PROPOSED SYSTEM

Our Proposed System architecture is shown below:

Figure 4.1 represents about the whole working of the

system in which there are 2 modules:

i) Admin module

ii) User module

International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395 -0056

Volume: 03 Issue: 02 | Feb-2016 www.irjet.net p-ISSN: 2395-0072

Figure 4.1. System Architecture

In Admin Module, the user has to register his

account in which the user will have to first fill all the

details of the respective bank after completing the

registration then he will receive a Pin code in his

mobile, so after that he can Login his account. In

protocol is used. For Login, first the Card no will be

asked and then the Pin no. would be asked to fill.

User Service will provide the 3 modules of

Transaction i.e. withdrawal, Deposit and Money

transfer. In this, the customer can withdraw balance

amount from account and he will receive a message

in his respective mobile. The user can even deposit

amount in any type of account that can be current,

saving, loan, Fixed Deposit etc. also the customer can

check the balance amount by just using “#bal” and he

will again receive a message in the user’s mobile.

These all process done by the Server will be stored in

the Database.

In Document Sharing Social Application, the App

and the Admin panel will always be synchronized.

Details about the user like he/she is online/offline,

name and status and it will display updated post by

their friends are managed by the admin. The user

liked the post and also can comment on it is also

managed by the admin. Also admin can add new post

and share it to all the users publically.

The admin can be deleted the unauthorized

post, shares, like images, illegal documents, etc. The

admin manages the size of post and shared

videos/audios. The admin will provide particular

privileges to the users if the user is illegal then the

admin will be deactivated its account as per his

authority. The admin will manage the events on the

calendar.

The goal of this system is to create a database

for the system, to create a secure and attractive login

page with suitable validations for users.

To create An Administrator section-An

interface for the system with features like setting

maximum number of friends a user can have,

removing or allotting services to the user, removing

unwanted data like images, videos uploaded by user,

taking feedbacks from the user etc. To create A User

section and application feature- An interface for the

system with features like create profile, edit profile,

add friends, create users group, search friends,

sending a message to friends, uploading files, images,

videos etc.

We are giving facility to recharge their

prepaid mobile and DTH recharge by using new

concept of “Hash tag”. If user select appropriate Hash

tags. They don’t need to fill all the fields.

There is no need to select any mode of

transaction while recharge. It has been done all the

payments online with their respective bank.

5. APPLICATIONS

Hashtag plays an important role in facilities of our

Application.

 It includes Mobile and DTH recharge

and some Mobile related special

offers.

 For user perspective, they can change

the password and send their

acknowledgement to his mail

address.

 It makes possible an efficient and fast

Resource.

 This Application has been developed

to carry out the process easily and

quickly. This Application is develop

by using C-Sharp/C#.Net.

It reduces the time of recharge and this facility is

providing 24*7

6. CONCLUSIONS

The system has been developed for given condition

and is found working effectively. The developed

system is flexible and changes whenever can be

International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395 -0056

Volume: 03 Issue: 02 | Feb-2016 www.irjet.net p-ISSN: 2395-0072

made easy. Using the facilities and functionalities of

.NET, the software has been developed in a neat and

simple manner, thereby reducing the operators

work. The speed and accuracy are maintained in

proper way. The user-friendly nature of this software

developed in .NET framework is every easy to work

with both for the higher management as well as

other users with little knowledge of computer. The

results obtained were fully satisfactory from the user

point of view.This Application is an online Web

Application, who are Working in online Net Banking

with their respective Bank.

ACKNOWLEDGEMENT

This work was supported by Trust Systems. Trust

systems & Software (TSS) is professionally managed

by team of versatile & diligent IT professional. We

are in the IT Industry for more than 15 years and

have carved out a niche for ourselves in the field of

Banking Solution, ERP Implementation, and

Customized Software Solutions and Offshore IT

services.

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