Project Information
| Client : SBI, SBH, BOI, Dena Bank, PNB |
| Category : Banking |
Methodology Implemented
- The data is sent to Mascon every month regularly through input forms.
- Work involves collecting the data, creating a master data, processing it, and then making the updated records available and then transfer the data back to the bank.
- Mascon undertakes data preparation, data entry, data tabulation, data validation, database creation and printing a list of amounts to be credited to the individual pensioners in the respective branches. This list is then sent to the respective branches in both hard copy and soft copy for ready incorporation in their database.
Scope of Work
- The pension calculations is an ongoing project requiring data tabulation on a monthly basis and distribution of the pension data to 444 branches in total for both State Bank of India, State Bank of Hyderabad, Bank of India, Dena Bank and Punjab National Bank.
- 600 branches of Bank of India in Bihar were to be computerized to convert all the manual data into database format for the purpose of pension calculations and subsequent transfer to the respective branches' computer section.
- Dearness Allowance Revision and the 4th and 5th Pay Commission Revisions were handled by Mascon successfully.
Volume in Units
- For the State Bank Group, 150,000 pensioners' accounts spread over 444 branches in the State of Maharashtra and Andhra Pradesh are processed every month.
- Many of these branches having a minimum of at least 1,000 pensioners' accounts.
- For Bank of India nearly 27,000 pensioners' accounts spread over 27 branches were processed in Madhya Pradesh.