Ocean Software Technologies

I-BANK 4.0 CBS PRICING PLAN

B2B2C Application For Multi-State Society, Credit Cooperative Society, Employee Cooperative Society, Nidhi Company, Micro Fin & NBFC.
The World’s Most Power & Popular Free Core Banking Software (CBS) for your organization.
"I-Bank 4.0" CBS is free for New Copoperative Society till "first 999 Accounts or first 9999 Transactions or 6st Months"
No Hidden Cost
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  • I-Bank 4.0 Price Plan
Price Plan For India
I-Bank 4.0 Plan - 1 I-Bank 4.0 Plan - 2 I-Bank 4.0 Plan - 3 I-Bank 4.0 Plan - 4
(B2B) Application (B2B) Application (B2B) Application (B2B) Application
10 to 1000 Member's 1001 to 5000 Member's 5001 to 10000 Member's 10001 to 50000 Member's
Price Price Price Price

Yearly Price

15,000/-Rs.
Per Year
22,000/-Rs.
Per Year
24,000/-Rs.
Per Year
28,000/-Rs.
Per Year
OR

Monthly Price

1,500/-Rs.
Per Month
2,200/-Rs.
Per Month
2,400/-Rs.
Per Month
2,800/-Rs.
Per Month
Price for SACCOS In Africa
25 $
Per Month
50 $
Per Month
60 $
Per Month
900 $
Per Year
Application Master Application Master Application Master Application Master
Schedule, Director, Agent Master, KYC Master Schedule, Director, Agent Master, KYC Master Schedule, Director, Agent Master, KYC Master Schedule, Director, Agent Master, KYC Master
Different Type of Accounts Different Type of Accounts Different Type of Accounts Different Type of Accounts
(Share, Deposit, Loan, General, Bank) (Share, Deposit, Loan, General, Bank) (Share, Deposit, Loan, General, Bank) (Share, Deposit, Loan, General, Bank)
Transaction Transaction Transaction Transaction
(Voucher / Transfer Entry) (Voucher / Transfer Entry) (Voucher / Transfer Entry) (Voucher / Transfer Entry)
Transaction Correction Transaction Correction Transaction Correction Transaction Correction
- (Branch CBS - Receipt) (Branch CBS - Receipt) (Branch CBS - Receipt)
- - Branch CBS By H/O to any Account (Receipt / Payment) Branch CBS By H/O to any Account (Receipt / Payment)
- - Standing Instruction Execution Standing Instruction Execution
- - NEFT/RTGS* NEFT/RTGS*
Daily Reports Daily Reports Daily Reports Daily Reports
Day Book, Sub Daybook Cash Book, Day Book, Sub Daybook Cash Book, Day Book, Sub Daybook Cash Book, Day Book, Sub Daybook
Reports Reports Reports Reports
25 Difference Types of Report 100 Difference Types of Report 165 Difference Types of Report 165 Difference Types of Report
- - User Dynamic Report User Dynamic Report
MIS Reports (N-Type) MIS Reports (N-Type & N-ScheduleWise) MIS Reports (N-Type & N-ScheduleWise) MIS Reports (N-Type & N-ScheduleWise)
(N-Type Balance Sheet, Receipt & Payment, Profit & Loss, NPA) (N-Type & N-ScheduleWise Balance Sheet, Receipt & Payment, Profit & Loss, NPA) (N-Type & N-ScheduleWise Balance Sheet, Receipt & Payment, Profit & Loss, NPA) (N-Type & N-ScheduleWise Balance Sheet, Receipt & Payment, Profit & Loss, NPA)
- - Graphical Reports Graphical Reports
Interest Posting Interest Posting Interest Posting Interest Posting
Deposits, Loan, Dividend Interst Calculation Deposits, Loan, Dividend Interst Calculation Deposits, Loan, Dividend Interst Calculation Deposits, Loan, Dividend Interst Calculation
Manager Level Control Manager Level Control Manager Level Control Manager Level Control
1 Users In Branch 4 Users In Branch 5 Users In Branch 6 Users In Branch
1 Operator Login 2 Operator Login 3 Operator Login 4 Operator Login
- 1 Passing Login 1 Passing Login 1 Passing Login
- 1 Manager Login 1 Manager Login 1 Manager Login
Utility Utility Utility Utility
Year End Procedure Year End Procedure Year End Procedure Year End Procedure
- SMS* SMS* SMS*
- - - EMail Statement
Print Print Print Print
- Passbook or FD Certificate Passbook Passbook
- FD Certificate FD Certificate
Share Certificate
- - - Loan NOC Letter
Daily / Pigmy (Deposit) Collection App Read More
- 2 App 4 App 10 App
Customer Android App Read More
- - - 50 App
Database Size Database Size Database Size Database Size
1 GB
(DB + Documents)
2 GB
(DB + Documents)
3 GB
(DB + Documents)
4 GB
(DB + Documents)
- Database extended up to 10 GB Database extended up to 10 GB Database extended up to 10 GB
Bandwidth Bandwidth Bandwidth Bandwidth
10 GB/Month 20 GB/Month 40 GB/Month Unlimited
- 1000 Rs/year for extra 1 GB Database 1000 Rs/year for extra 1 GB Database 1000 Rs/year for extra 1 GB Database
* Extra transaction SMS & WhatApp pack is required
** Static IP required
** 2 MBPS broadband plan required


Agents / Customers Mobile App Provide in I-Bank 4.0 CBS

Daily / Pigmy + RD (Deposit) Agent Collection App Read More...
Sr. No. Description Users Cost
1 Android App For Pigmy Collection * 1 1200/- Rs. Per User Per Year
15 $ Per User Per Year
2 Android App For Customer ** 1 75/- Rs. Per User Per Year
1.5 $ Per User Per Year
(Daily / Pigmy + RD) Deposit & (Regular Loan) Loan
(Multi GL) Agent Collection App
Sr. No. Description Users Cost
1 Android App For Deposit & Loan Collection * 1 1800/- Rs. Per User Per Year
22 $ Per User Per Year

* Minimum 10 Agents required
** Minimum 200 Users required
Implementation Period 15 Working Days

NEFT/RTGS Implementation Cost
Charges for (Bank / Society / Nidhi Comany) to Banker / Provider Charges for (Bank / Society / Nidhi Comany) to Ocean
Minimum Average Balance Charges For Per Transaction Monthly Charges
RTGS/NEFT RTGS/NEFT
As Per Sponsor Bank Rules As Per Sponsor Bank Rules 500/- Per Month Per Branch

* For more details about RTGS/NEFT please concern with sponsor bank.
* RTGS/NEFT transactions as per the terms and agreement of Sponsor Bank.
* Implementation Period 90 Working Days.
* KYC Norms As Per RBI is Mandatory for these Services.

Modules of Ocean I-Bank 4.0 (CBS)

Help to understand "I-Bank 4.0" CBS better

Master Entry

  • BRANCH MASTER
            (Create / Update Branch Data)
  • GENERAL LEDGER
            (Create 899 GL)
  • PARTY/MEMBER MASTER
            (KYC DETAILS)
  • AGENT MASTER
            (For Daily / RD Collection)
  • DIRECTOR MASTER
     
  • SCHEDULE MASTER
     
  • EMPLOYEE MASTER
     
  • IP MASTER
     
  • USER MENU AUTHORIZATION
     

All Accounts In I-Bank 4.0

  • SHARE ACCOUNT OPENING
            (REGULAR / NOMINAL SHARE)
  • DEPOSIT ACCOUNT OPENING
            (SAVING / CURRENT / RD / FD / DAILY / LOCKER / FD-MIS)
  • LOAN ACCOUNT OPENING
            (REGULAR / EMERGENCY / GOLD / HOUSING / VEHICLE / BUSINESS)
  • AGENT MASTER
            (For Daily / RD Collection)
  • GENERAL ACCOUNT OPENING
            (DIVIDENET / AGENT / SUSPENSE / SECURITY / SALARY / WAGES)
  • BANK ACCOUNT OPENING
            (BANK FD / OVERDRAFT / BANK LOAN / BANK RD)
  • ALL ACCOUNT PASSING
     
  • STANDING INSTRUCTION
            (Saving Acc. >> RD Acc. / Saving Acc. >> Laon Acc. / FD Intt. >> Saving Acc.)

Daily Account / Pigmy Account in I-Bank 4.0

  • PIGMY ACCOUNT OPENING BY AGENT WISE
  • PIGMY AGENT TRANSACTION
  • POST AGENT TRANSACTION
  • MOBILE APP FOR AGENT
            (For Daily/RD Collection)
  • AGENT CUT BOOK FOR PIGMY ACOOUNT
  • AGENT COMMISSION POSTING
  • MOBILE APP FOR AGENT (Multi GL)

All Transactions In I-Bank 4.0

  • BRANCH DAY BIGEN (MANUAL/AUTOMATIC)
            CASH OPENING & USER TRANS. AUTHORITY
  • VOUCHER TRANSFER ENTRY
            (VOUCHER / TRANSFER / CBS RECEIPT / HO-CBS RECEIPT-PAYMENT /         NEFT / RTGS / CASH RECONCILIATION)
  • PASSING TRANSACTION
            (VOUCHER / TRANSFER / CBS RECEIPT / HO-CBS RECEIPT-PAYMENT /         NEFT / RTGS / CASH RECONCILIATION) FOR PASSING OFFICER
  • CASH RECONCILIATION
            (MOVE CASH TO ALL UESRS)
  • CASHIER PASSING
            (VOUCHER / TRANSFER / CBS RECEIPT / HO-CBS RECEIPT-PAYMENT /         NEFT / RTGS / CASH RECONCILIATION) FOR PASSING BY CASHIER
  • BRANCH DAY END
            (CHECK ALL PENDING TRANSACTION / STANDING INSTRUCTION /         CLOSING BALANCE CASH TO ALL UESRS & BRANCH)

Daily & MIS Reports

  • CASH BOOK
            Types I, II, III, IV & V (Branchwise & All Branches)
  • DAY BOOK
            Types I, II, III, IV & V (Branchwise & All Branches)
  • SUBDAY BOOK
            (Branchwise & All Branches)
  • CUT BOOK
            (Branchwise & All Branches)
  • LOAN REPORTS
            There are 25+ different Loan reports in this section.
  • DEPOSIT REPORTS
            There are 20+ different Deposit reports in this section.
  • ACCOUNT STATEMENT
            Generate Any Account Statment.
  • PARTYWISE REPORT
    Show All Accounts & Closing Balance.
  • SHARE REPORTS
    There are 10+ different Share reports in this section.
  • MIS REPORTS
    TRIAL BALANCE, RECEIPT PAYMENT, BALANCESHEET, PROFIT LOSS, TERIJ PATRAK, CD RATIO. All Reports Comewith (N-TYPE & Shedulewise, Branch Wise & Consolidated report)
  • GENERAL REPORTS
    ELECTION LIST, FUND PERFORMANCE REPORT, DEAD STOCK REGISTER, STOP PAYMENT REPORT & ETC.
  • ACCOUNT OPEN / CLOSE REGISTER
  • TRANSACTION REPORT BRANCH & USERWISE
  • GENERAL LEDGER STATEMENT
    GENERALLEDGER STATEMENT DETAILS (Branchwise & All Branches)