Ocean Software Technologies

Core Banking Software for Credit Cooperative Society

Credit Cooperative Society, Employee Cooperative Society & Credit Unions

High Performance, Low Cost, Starting @ ₹12,900/Year/Branch

I-Bank 4.0 CBS SACCOS @ 25 $ Per Month Per Branch For African Countries

"I-Bank 4.0" CBS is free for New Copoperative Society till "first 999 Accounts or first 9999 Transactions or 6^st Months"

Most Reliable

I-Bank 4.0 CBS SaaS provider with 99% uptime.

24*7 Support

From friendly OceanSoftTech specialists.

Latest Techonology

Json, Javascript, HTML, Python 3.14 & Django 5.2 & SqlServer 2012 R2

Security & Authentication

Static IP & Two-Step Authentication & SSL Certificate & OTP

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Credit Cooperative Society

Credit Cooperative Society, Employee Cooperative Society & Credit Unions

A Credit Cooperative Society is a member-owned financial cooperative, controlled by its members and operated on the principle of people helping people, providing its member's credit at competitive rates as well as other financial services. Cooperative banking is retail and commercial banking organized on a cooperative basis.

"I-Bank 4.0" Web-Based Core Banking System is the best software for Cooperative Society, Employee Cooperative society & Credit Unions to manage their single & Multiple branches account, transactions & reports.

I-Bank

Some of the Most Important Features

Share / Member Accounts

In the Members account section, we have three types Regular Share, Nominal Share, & Associates Share. Share accounts are permanent members of society and it is used for loan guarantee & director creation. Cooperative society is a financial entity that belongs to its Share members, who are at the same time the owners and the customers of their Society.

Deposit Accounts

In Deposit account section of the software we have, all types of deposit account create & manage (Saving, Current, Fixed Deposit FD, Recurring Deposit RD, Pigmy/Daily Deposit, Locker & ETC). A single form is used for creating & editing deposit account. In a deposit account, you can add Agent & director reference when an account is created.

Loan Accounts

In the Loan account section of the software we have, all types of loan account create & manage (Regular Loan, Emergency Loan, Housing Loan, Vehicle Loan, CC Loan, deposit Loan & Etc). A single form is used for creating & editing a loan account. You can add photos of all loan documents in the loan account, link the deposit when the account is created.

Gold Loan

The Gold Loan Module provides a complete solution for creating, managing, and monitoring gold loan accounts through a single, user-friendly interface. With one integrated form, users can easily create new gold loan accounts, modify existing accounts, and manage all loan-related information efficiently. Gold Ornament Details, Deposit Account Linking, Interest & Repayment Management

General Accounts

In General Accounts section of the software we have, all types of general / other accounts create & manage (Agent Suspense, TDS, Bank Account, Employees Salary Account, & other suspense accounts). A single form is used for creating & editing a general account. The general account section is used for creating an account which is not managed in other section.

Paper Less Banking Using ATM & CDM

ATM Machine for Cash Withdraw
CDM Machine for Cash Deposit
Passbook Printing Machine
No need for manual Entry Book
Cashbook, Daybook, Cutbook Print / Excel
Reduce Society Office Staff by 85%
Agent Daily Collection App for Pigmy/Daily
Customer App for Banking activity
Cloud Base Software Hosting

Transactions / Voucher Entry

In "I-Bank 4.0" we manage 15 Types of different transactions, Like Voucher, Transfer, CBS Entry, RTGS/NEFT. A mobile App & Collection Machine for Pigmy & Loan Collection for Agents. "I-Bank 4.0" easily connects with all leading company ATM/CDM. "I-Bank 4.0" comes with an Online Banking feature for the customer through a mobile App & Website. Separate section for standing instruction, Day Begin, Cash Allocation, & Day End.

Reports

"I-Bank 4.0" has all standard reports like Cash-book I & II, Day-book 5 Types, Cut-book, Subdaybook, Account Statement, & G/L Statement. Audit Reports like MIS Report, Trial Balance, Receipt Payment, Balance Sheet, Profit Loss, GL & Cutbook, CBS Transaction, ATM Transaction, App Transaction, and RTGS/NEFT Transaction. All Agent Reports, H/O Reports, Dynamic Report & Graphical Reports. In "I-Bank 4.0" CBS we have 250+ reports.

Uitilities

"I-Bank 4.0" CBS provides a wide range of utilities Like SMS (Account. Opening & Transaction), Transaction Delete utility for same day, Transaction Correction, Backdate Transaction entry, Standing Instructions Execution, Stop Transaction, Previous / Current Transaction Voucher printing, passbook printing, FD / Share certificate printing, Branch / Society year-end Remote Account Opening.

SMS

Integrating SMS into a banking application is essential for secure, real-time communication. In software SMS primarily used for One-Time Passwords (OTPs), transaction confirmations, fraud alerts, and account updates. It builds trust by keeping customers informed of their financial activity instantly.

FD / Share / Passbook Printing

Having built-in stationery and passbook printing is a massive advantage for any financial institution or credit society. It completely eliminates manual paperwork and streamlines operations. FD / Share Certificate printing is built in functionality. We print saving, RD & Pigmy passbook through this software. Voucher Receipt printing is also avilable in I-Bank software.

Important Product feature

Create (101- to 999) 899 Branchs
Create 999 General Ledger
Share, Deposits, Loan, Fund, Bank, General
15 Digit Acc. 101000100000001
15+ Type of Different Transactions
Single Form For Account Opening
Deposit, Loan, Share, General Acc. & Bank Acc.
99,999,999 Acc. In One GL.
Chaker - Makar Facility.
Daily Collection:- Mobile App
Account and Transaction Passing Facility
More Than 300+ Report For Audit

Clients

Clints of Co-operative Society used our software

Credit Cooperative Society & SACCOS 40+

Pragti Credit Cooperative Society. Nagpur
New Vidharbha Cooperative Society. Nagpur
Electirc Bord Credit Cooperative Society
Swarna Mahila Credit Cooperative Society. Nagpur
Shri-Hari Credit Cooperative Society. Khaperkheda
Adarsh mahila Cooperative Society. Khaperkheda
Sarthak Credit Cooperative Society. Godhani
Om Urban Cooperative Society. Nagpur
Shri Miranand Nagari Co-Op Society. Parshivni
Saidharsh Urban Co-op Society Koradi
Maa Jagdamba Mahila Co-op Khaperkheda
Renuka Mata Co-Op Society Khaparkheda
Shri Dattaguru cooperative society Koradi
Ekata Mahila Co-Op Society Wadoda
Umed Mahila Urban Society Wadoda
Vivekanand cooperative Society Hingana
Navjoti Mahila Credit Co-Op Society Godhani
Chandrabhaga Mahila Cr. Co-Op Ramtek
Abhinav Mahila Sahakari Pat Santha Gomthala
Magalmay Mahila Co-op Nagpur
PUSHPA Gram Sahakari Path Sanstha Pardi

The BBN NATC Baddi, Himachal Pradesh (Web Application)

Shree Credit Cooperative Society. Adilabad
"AZAD ALPASANKHYATAR PATTINA SAHAKARI SANGHA NIYAMITA" Adihudi, Karnataka.

"ADM Financal Freedom” SACCOS in Dar es salaam, Tanzania.
"SMEAZ Savings & Credit Cooperative Society Limited” Harare Zimbabwe, Africa.

Employees Cooperative Society

Electric Board Credit Cooperative Society
Organization For Rights Of Human Employee Unions 36 Branches

Mumbai, Thane, Palghar Raigad Ratnagiri Sindhudurg Pune Satara angli Solapur Kolhapur Nashik Ahmednagar Dhule Jalgaon Nandurbar Aurangabad Jalna Beed smanabad (Dharashiv) Latur Parbhani Hingoli Amravati Akola Washim Buldhana Yavatmal Nagpur Wardha Bhandara Gondia Chandrapur Gadchiroli

I-Bank 4.0 CBS Price