Ocean Software Technologies

I-Bank – Web-Based Core Banking System (CBS) for Credit Cooperative Society | Ocean Softtech

I-BANK 4.0 CORE BANKING SYSTEM (CBS)

Redefining Digital Banking

B2B2C Application For Multi-State Society, Credit Cooperative Society, Employee Cooperative Society, SACCOS In Africa, Micro Fin & NBFC.
The World’s Most Power & Popular Free Core Banking Software (CBS) for your organization.
Ultimate software solutions for credit cooperative society, Savings and Credit Cooperative SACCOS In Africa.
I-Bank 4.0 CBS support 12 different display language. like English, हिन्दी, मराठी &, etc
"I-Bank 4.0" CBS is free to download for New Copoperative Society till "first 999 Accounts or first 9999 Transactions or 6st Months"
No Hidden Cost
  • Home
  • I-Bank 4.0 Info
“Welcome to I-Bank 4.0 CBS, a powerful, secure, and future-ready Core Banking Solution designed specially for Co-operative Credit Societies and Banks in India.”
We focus on your needs and plan and develop your digital bank with you to position you as a key player in the marketplace.

Our customers value a stable and long-lasting collaboration. We support you as a partner to drive your digitization. As a proven and long-standing provider of online banking solutions, we are experienced in collaboration with financial institutions. Our customers consider us to be a reliable, flexible, and innovative partner.

The cost of our credit cooperative software depends on several factors such as the number of members, the features required, and the customization needed. The base cost for the software starts from INR 12,000 and can go up to INR 2,50,000 depending on the requirements.

I-Bank 4.0 CBS live since Nov 2015

I-Bank 4.0 CBS is a free for credit cooperative society till first 999 Accounts or first 9999 Transactions or 6th Months.

Potential Users of Software

  • Credit Cooperative Society Ltd.
  • Employees Credit Cooperative Society
  • Savings & Credit Co-operatives (SACCOs) In Africa
  • Multi State Cooperative Society Pvt. Ltd.
  • Credit Unions
  • Loan Lending Companies
  • NBFC
  • Nidhi Company
  • Gold Loan Finance Company
  • Vehical Loan Comapany
  • Finance Company
  • Home Loan Finance Company

Top 6 Features of I-Bank 4.0 (CBS)

Features

#1 Simple & Easy Dashboard

User Friendly yet very powerful dashboard having 12 shortcuts, 7 different Reports.
User base menus authorization (Save / Update / Delete / Cancel) & (Print / Excel / Pdf).
Having 30 Shortcut keys for opening different forms.

Our wide selection of modules ranges from (Application Master, Acc. Opening, Transaction, Daily Reports, Reports, Interest Posting, Manager Level Control, Utility, Print & Mobile App) with the security requirements when handling transactions through to appealing mobile solutions with recognized interfaces for a wide range of core banking systems.

I-Bank DashBoard


Find all of our modules here, select the ones that your want, and compose your individual basket.

I-Bank Architecture

#2 Architecture of I-Bank 4.0

Data First Programming approach with a centralized database for all Branch, GL, KYC Details, All Accounts (Like Deposit, Laon, Share, Bank & General Accounts) & All Transactions (Like Receipt, Payment, Credit, Debit, CBS, NEFT & RTGS). With Strong Physical relation with all tables Like (Branch -> GL -> Accounts -> Transactions). All Business Logic Maintain in Database & in Class. All Truncation Validation are check-in Application Layer & Database. The Centralized database system gives more accurate operational results as compared to distributed Databases as other companies do. "I-Bank 4.0" Core Banking System comes with the company's newly developed "Dynamic Report Tool" which gives the customer the to create any new report in Real-Time.

Banking architecture does not vary too much regardless of the system used or the country it is used in. What matters is having a core banking system that fits requirements.

#3 Important Technical Features of New I-Bank 5.5

Data first programming approach.
N tier programming architecture.
Object Oriented Programming concepts.
Python 3.14 & Django 5.2 Framework.
PostgreSQL 18 Database.
Platform independent architecture.
Cloud Banking System.
Centralized Database System for All Branchs.
90% faster then Q-Comapany Offline Software.
50% faster then previous ver. Online Software "I-Bank 4.0".
Turn Around Time Reduced by 50%.
Employee Productivity improved by 150%.
Operating Costs reduced by 30%.
Integration with core system.
Use "I-Bank 4.0" Application as "Software as a Service" (SaaS).

about us
about

#4 Important Product feature

Platform Independent
(Application Run on Linux / Windows)
Create (101- to 999) 899 Branchs under one Bank / Society.
Create 9999 GL under one Bank / Society.
GL Groups :- Share, Deposit, Loan, Fund, Bank, General
15 Digit Unique Acc. No :- 101100100000001
20 Type of Different Transactions
Single Windows For Account Opening
(Deposit, Loan, Share, General Acc. & Bank Acc.)
Create 99,999,999 Accounts Under One GL In One Branch.
Account / Voucher :- Chaker - Makar Facility
3 Mode For Pigmy Collection
(Manual, Pigmy Collection Machine, Mob. App's)
Passbook & Certificate Printing Facility
Saving Passbook, FD, Share, NOC Cetificate Printing
Account and Transaction Passing Facility
More Than 300+ Report For Audit
Online banking **
Mobile / Tablet banking
RTGS / NEFT **
Year End Procedure Done Within 9 Minute
Bulk Transaction Like
Agent Posting, Interest Posting, Maintenance charge Posting
Done By "User Define Table"

#5 Built-In Help Message and Help Video

AI Base Chatbot for employee training & support.
Built-in help message system.
Built-in help video system.
Built-in help system improves operations productivity by 150%.
Built-in help system reduces Ocean service calls by 90% during working hours.

Help Text
about

#6 Multi-Language Support

Fully web-based support 23 different display language
Branchwise language selection.
Geographical language selection from different branches in different states.
Software show alert message in English & Hindi.
Form title show in English & Hindi.

I-Bank 5.5

55 More Functionality Than Q-Softtech Offline Software. That Why New Version is I-Bank 5.5

  • 4 Ways Authentication (Username, Static IP Address, OTP, USB Pendrive)
  • 10 Shortcut Keys for form opening. Like (Alt + )
  • Single Form for Deposit Acc., Loan Acc., Share Acc., General Acc.
  • Built-in Chatbot Assistance, Help Video, Help Text, Full Documentation on Wiki.js
  • Dynamic Report Creation, Dynamic User Report Creation Tool in software
  • Graphical Dashboard to understand Society Information
  • User-based Menu Authorization Control on (Insert / Update / Select / Delete) Data
  • Last Change Record History on Important Tables for Audit Trails (Branch Master, General Ledger, Party Master, All Account Masters)
  • Software Error Log Facility to Record User Performance & Mistake to audit User & Software Performance
  • Auto Email facility to developer on Software Error event
  • One Click Report — Cashbook ⇒ Sub-daybook ⇒ 6 Month Acc. Statement
  • One Click Report — Receipt Payment ⇒ General Ledger Statement
  • Agent Mobile App — Daily / RD / Bachat Gat / Loan Collection
  • Customer Mobile App — Account Statement / Account Information / New Scheme
  • Staff Mobile App — Account Creation / Account Statement / Loan & Deposit Collection
  • Automatic Database Backup Facility on Fixed Time
  • JWT Token for API Call & Secured Encrypted Database Connection
  • 256-Bit SSL Certificate for HTTPS Protocol
  • Cache System for Menu Navigation Performance
Security & Authentication
  • 4-Way: Username, Static IP, OTP, USB Pendrive
  • 256-bit SSL Certificate for HTTPS protocol
  • JWT Token for secure API calls
  • Secured & encrypted database connection
  • Insert / Update / Select / Delete access control
Reporting & Analytics
  • Dynamic report creation & user-specific tools
  • Graphical Society Dashboard
  • Cashbook ⇒ Sub-daybook ⇒ 6-Month Statement
  • Receipt Payment ⇒ General Ledger Statement
Mobile Apps
  • Agent App — Daily, RD, Bachat Gat, Loan collections
  • Customer App — Statements, Info, New Schemes
  • Staff App — Account Creation, Loan & Deposit Collection
User Experience
  • 10 Shortcut Keys (Alt + key) for quick form access
  • Single form for all account types
  • Cache System for faster menu navigation
  • Built-in Chatbot, Help Videos, Help Text, Wiki.js
Audit & Database
  • Last Change audit trails on all master tables
  • Software error log for performance tracking
  • Auto email to developers on error events
  • Automatic database backup at scheduled time

Journey of I-Bank 4.0 (CBS)

image
Sachin S. Bawane

Director | 25 October , 2015

We start this dream project in Dec 2012 as "SocietyOnline" for Credit Cooperative Society from converting 8 year old offline software with other company we call now "Q". Project Timeline is 1 Year, But due to some miss management & Uncleared Knowledge of banking project is stop on Aug 2015. After that break up event with "Q" Company, "Ocean Software Technologies" start new project "I-Bank 1.0" For Cooperative Society, Multi-State Society, Employee Cooperative Society, Nidhi Company & Cooperative Bank with 21/2 Year experience & 6 current projects of "SocietyOnline". On 2 May 2016 project "I-Bank 1.0" is completed with all new features & functionality. In Aug 2016 we convert all our existing 6 clients From "SocietyOnline" To "I-Bank 1.0" to give a new version to our project i-e "I-Bank 4.0". On 10 Oct 2016 we online our new client (Geeta Krishna Credit Cooperative Society, Nagpur) on "I-Bank 4.0" with data conversion of all (Members, Accounts, GL & All Transactions) of 10-year-old Tapi software on their 4 branches within 3 weeks.

OCEAN I-Bank 4.0 CBS offers tools that help gain more control over every critical area of Banking & Finance (Cooperative Society, Multi-State Society, Employees Cooperative Society, Nidhi Company, Cooperative Banks, Micro Finance Company, NBFC). It integrates all business processes of banking and information into a single database and enables all users across the organization to the interface on one uniform platform. Winning the hearts and minds of today’s consumers is a never-ending quest. Our clients have different needs, goals, and challenges in the finance sector, and our solutions are tailored to fit each and every one of them. No project begins before a complete understanding of the client’s business and then customizing the entire solution to his needs so we work with you to meet your objective on time and budge because if our solutions don’t fit within your business objectives, they’re not going to do you any good. So our flexible process keeps everything on track to meet your goals.

Why Ocean I-Bank 4.0?

1. Technological platform Our choice of technological platform – PostgreSQL database and Python, Django Developer - is the most rugged and ever-updating technology the world has to offer.
2. OCEAN I-Bank 4.0 Core Banking System is a universal banking system that provides comprehensive instrument and product coverage for retail deposits and lending, commercial banking, treasury management, and balance sheet management.
3. OCEAN I-Bank 4.0 Core Banking System provides the traditional capabilities that banks require from their universal banking system: (Deposits, Lending, Payments, Treasury, Customer, Limits, General ledger)
4. Industry-specific solutions Ocean "I-Bank 4.0" comes in industry-specific solutions (with a distinct design and a separate set of programs to meet critical success factor of that segment) for each of more than 25 Type of Different Banking Transactions. This is unlike another standard "I-Bank 4.0" who give one set of generic software programs for all banking segments.
5. Additional customization, The icing on the cake is achieved by a readiness to further customize to adopt organization-specific business practices and critical needs. This is possible by Data first programming approach and virtue of Ocean being the software developer of more trust and fountainhead of vast no. of proven solutions and business domain knowledge.
6. Flexible & scalable Design We, at Ocean, passionately believe and take untiring efforts in designing the database schema, business logic, and user interface to achieve - Highly flexible configuration so as to customize the most complex business logic and numerous types of transactions. Scalability (adding of a Branch(Micro Br., Small Br., Medium Br., Regnaol Br. Office, ATM & COD), Agent App, Locker & Netbanking is effortless)
7. Taxation Ocean "I-Bank 4.0" has consciously focused to incorporate all taxation and statutory compliances. We claim full compliance of TDS, GST, Service Tax, VAT, FBT, and Works Contract Tax. Taxation is native to the design unlike a localization top layer patch

Some More Information

Accounting has always been our key strength. We have now equally focused in the areas of Blockchain & Data Encryption and Decryption over these years delivering professional and cost-effective solutions to our clients globally. Ocean Software Technologies is a web-oriented application development company based in India providing web-based banking & Finance system.

Experience Counts When Providing Services 24*7
We come with years of expertise combined with technical know-how in the areas of Cooperative Society, MultiState Cooperative Society, Micro Finance, Cooperative Bank, Payment Gateways & e-commerce, and many more. You can rest assured Ocean Software Technologies, a premier website development company in India, which provides you with everything needed for the successful completion of a project. Our web team is ever-ready to build customized and personalized web designs suiting your web requirements.

Phase of "I-Bank 4.0" Implementation

We implement your website in 8 phases.
1) Analysis of your current working situation.
2) Specification.
3) Set Demo as per requirement.
4) Design & Development in the product as a requirement.
5) Data Transfer for Previous Software.
6) Testing all Reports with the Previous System
7) Make "I-Bank 4.0" Live Working.
8) Maintennance & Upgrades.

Version & History of Banking Software of Ocean SoftTech

I-Bank 5.0 (LTS) = I-Bank 5.0 (Dec 2026 To 2043) Under development
Project Manager :- Yogesh K & Sachin B
Python 3.14, Django 5.2, PostgreSQL 18, AI & Ionic
Data first Monolithic architecture.

I-Bank 1.0 to 4.0 (LTS) = I-Bank 4.0 (2015-2030) Project Manager :- Yogesh K, Nilesh M & Sachin B
 Transfer of Data from "SocietyOnline" to "I-Bank 4.0" is done successfully.
40+ Clients on (I-Bank 4.0)

Society Online 3.0 (LTS) = Society Online multi State & MLM (2013-2018) Project Manager :- Yogesh K & Nilesh M
 9 Clients on (Society Online 3.0)
Society Online 2.0 = Society Online multi branches (2013-2015) Project Manager :- Nilesh M & Yogesh K
 5 Clients on (Society Online 2.0)
Society Online 1.0 = Society Online (2012-2013) Project Manager :- Nilesh M
 2 Clients on (Society Online 1.0)
Dec 2012
1) Ocean softtech is tie up with "Q Software" to convert old offline VB 6.0 software into New Online Banking Software on Dec 2012.

2) In 2013 our joint venture created on prototype of online software it is called as "Society Online". Time line Dec 2012 to Dec 2013. "SocietyOnline" Ver. 1.0

3) In 2014 Using some new technology concept like JSON & JQuery we enhance "Society Online" it is mostly use in MLM baking software. Timeline Jan 2014 to Jan 2015. "SocietyOnline" Ver. 2.0

4) In Oct 2015 we discontinued Joint venture with "Q Software" and restart new project as I-Bank 1.0.

5) With 6 old client handling experience, we start with totally new technologies like JSON, JQuery, Ionic for App and Windows application for client support name project "I-Bank 1.0" Timeline Oct 2015 to 2 May 2016. "I-Bank 1.0" Ver. 1.0

6) In Aug 2016 we convert all our existing 6 clients From "SocietyOnline" To "I-Bank 1.0"

7) Adding Core Branch System in I-Bank so Customer can access there account from any branch, mobile app and online website. Timeline May 2015 to Aug 2016. "I-Bank 1.0" Ver. 3.0

8) New features like Auto Search, Dynamic Reporting Tool, some new utility & Multi language Support system we rename as I-Bank 4.0 CBS. Timeline May 2015 to till. "I-Bank 4.0" Ver. 4.0

2025 and 2026 Upcoming Features of I-Bank 5.0 CBS
Project Manager :- Yogesh & Sachin
Team Members :- 3 Developers, 1 QA, 2 DBA & 2 Support Team.

Using advanced technologies such as Python 3.14, Django 5.2, PostgreSQL 18 and claude 1.1.5368 along with modern tools like AI and Blockchain we are upgrading our I-Bank 4.0 to I-Bank 5.0 Core Banking System (CBS) to deliver a more powerful, secure, and intelligent solution for our banking and financial customers. This upgraded system is scheduled to be launched by December 2026. The platform will enable automated and self-driven communication among customers, staff, support teams, developers, and management facilitating smarter, faster, and more productive decision-making.

Legal Disclaimer | Data Protection Policy | Sitemap |