Tuesday, December 11, 2018

Using bar chart to make withdrawals easy in Banks

For banks, i would like to propose a priority scale based on percentage to automate withdrawals, making cashier's work simple. There should be a bar chart available in banking software, each vertical with three bars representing each denomination. In every vertical, the first bar represents the total value of the amount available for that particular denomination, Say 4,00,000 of 500 notes. Second bar represents number of notes available for that denomination. Let's say cashier has 800 number of 500 rupees notes. Length of the bar corresponding to the 500 denomination will match 800 notes. 
The bar chart represents the withdrawal of 2,57,205 rupees.

The third bar represents the number of notes, we are taking from each denomination and the corresponding percentage will be shown. All the cashier needs to do is adjust this third bar of each denomination up and down till the total of all the percentage points will be exactly 100. The third bar in each denomination will be allowed to go up, till it reaches the maximum notes of that particular denomination or the total percentage of all denominations reaches the maximum 100%. Just drag the bars at will till the total becomes 100%. There will be percentage points which will be fractional, but matches the whole number of denomination notes. There will also be a horizontal bar at the bottom of the bar chart, which grows as we choose the notes. It will be colored at parts, each part representing the sum value of each denomination.

If the cashier wants to round the number of notes to 100 notes, we can put magnetic marks on the third bar, as you drag it, each mark will be for every 100th note. Switch on magnetic marks, when necessary, because if u go nearby, it will pull the marker towards it. Cashier can even zoom in and out of the bars, if necessary. In this example, we switch on the magnetic mark, 77. 758% will have a magnetic mark, in case u want 400 notes of 500 denomination. The option for manually entering a number in the text box of the third bar, can be allowed, which will ultimately draw the bar chart.

We can even develop a real priority scale, where the cashier just has to put priorities from the scale of 1 to 10 for each denominations. With that scale, the system fills out all the denominations. Cashier just has to dispense the cash. That definitely can't be done in few days. It needs research and more time, which is out of the scope for this blog.