Savings Bank/ Term Deposit Accounts Balancing

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Project Information

Client : State Bank of India
Category : Banking

Methodology Implemented

  • Collection of Data: Mascon deputed staff to various branches to collect data and bring them to Pune. Thereafter, the work involved data preparation, data entry, data tabulation, data validation,
  • Database creation and balancing of ledgers: After the ledgers were balanced independently, the data was taken back to the respective branches and matched with the opening and closing balances of the respective individual accounts on a particular cutoff date.

Scope of Work

  • Ledger balancing to look in for arrears (2-3 years) in the year 1983.
  • Data had to be computerized for several branches.

Volume in Units

There were over 25,000 entries per month per branch. Mascon processed ~1,000,000 entries per bank branch project for the backlog and on-going data till the year1992.