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Terminal Benefits Software-TBS Pro

This solution TBS takes care of the operations of Provident Fund, Gratuity and pension Departments of the Bank, under one roof. This system also caters to the VRS scheme in operation in public sector banks.

This system is running live (including VRS) in Corporation Bank , in Mangalore. many more Public Sector banks have also shown keen interest in our solution.

Having been developed on RDBMS based client-server Technology, the solution offers sound data security mechanisms combined with up-to-date audit features.

Large Organizations like banks offer many benefits for the employees at the time of termination of services. These include Provident Fund, Gratuity, Pension , etc... These benefits are dependent on monthly basic pay, years of service put in by the employee and the amount set-off by the organization towards its contribution.

The monthly credits are accounted for, interest on these paid on periodical basis, loans are given from these funds, and at last, the account is settled.

These accounts are run by trusts set-up by the organizations. All procedures and systems are enunciated by the Provident fund authorities and income tax authorities, from time to time. We at GrowFast Computing services (GCS) have developed a software for the purpose of accounting for these funds. Developed in latest client-server Technology, the system has excellant secuity and audit features. it is easily implement able and is very user-friendly.

• Receiving Credit from Branches- Monthly
• Accounting for total Credit and individual credit for staff
• Accounting for Pension apportionment
• Periodic Interest Calculation/ Credit
• Periodic Statement of Accounts
• Non Refundable Loans from PF Account
• PF Claims and Settlements
• Gratuity Calculation, Claims and Settlements
• Pension calculation and Accounting
• Family Pension Calculation and Accounting
• Pension Scroll Preparation ,Settlements on account of VRS
• MIS reports, General reports and queries
• Audit Trails and security Features