Future Group

Fixed Deposit Application

Future Group is one of the largest Indian conglomerates founded by Kishore Biyani. Future Group Fixed Deposit is another arm of the group of companies registered under section 73(2)(a) and section 76 of Companies Act 1956. They offer two Schemes: Cumulative & Non-Cumulative for 3 different tenures each. The company was looking to migrate the entire Fixed Deposit journey through an online web application.

Location – India

Technologies Used:
Frontend – JQuery
Backend – Java
DB – MySQL
Server – AWS

Executive Summary :
Fixed Deposit: Future Enterprises Limited (FEL) is a multimillion-dollar company. FEL wanted to go to the market to raise deposits through their FDs. The complete FD creation process was online and absolutely seamless. The renewal, opt-out and closure of FD features were also made available on the web application.

Challenges:

  • The website needed to be created from scratch.
  • Building a responsive web application which will give the proper formatted content to the Finsoft backend.
  • Ensuring that the new FD journey adheres to all policies and is accessible to the customer, store and the vendor.
  • Solutions:
    An end-to-end system was developed using the latest technology to push data into the Finsoft application which played as the backend for fixed deposit. Finsoft was a third party application which managed fixed deposits. This system would not only manage fixed deposit creation but also renewal, premature closure, and creation and submission of 15 G/H forms.
    Results:
    The outcome of the solution included:

    • A responsive website rendered by any device.
    • Providing quick creation, renewal, and closure of FD.
    • The first platform to generate 15G/H form online.

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    Future Group

    Fixed Deposit Application

    Future Group is one of the largest Indian conglomerates founded by Kishore Biyani. Future Group Fixed Deposit is another arm of the group of companies registered under section 73(2)(a) and section 76 of Companies Act 1956. They offer two Schemes: Cumulative & Non-Cumulative for 3 different tenures each. The company was looking to migrate the entire Fixed Deposit journey through an online web application.

    Location – India

    Technologies Used:
    Frontend – JQuery
    Backend – Java
    DB – MySQL
    Server – AWS

    Executive Summary :
    Fixed Deposit: Future Enterprises Limited (FEL) is a multimillion-dollar company. FEL wanted to go to the market to raise deposits through their FDs. The complete FD creation process was online and absolutely seamless. The renewal, opt-out and closure of FD features were also made available on the web application.

    Challenges:

  • The website needed to be created from scratch.
  • Building a responsive web application which will give the proper formatted content to the Finsoft backend.
  • Ensuring that the new FD journey adheres to all policies and is accessible to the customer, store and the vendor.
  • Solutions:
    An end-to-end system was developed using the latest technology to push data into the Finsoft application which played as the backend for fixed deposit. Finsoft was a third party application which managed fixed deposits. This system would not only manage fixed deposit creation but also renewal, premature closure, and creation and submission of 15 G/H forms.
    Results:
    The outcome of the solution included:

    • A responsive website rendered by any device.
    • Providing quick creation, renewal, and closure of FD.
    • The first platform to generate 15G/H form online.

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    Just drop us an email. Our team will talk to you soon!

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