E-BANKING

INTRODUCTION

E-Banking or electronic banking is A major

innovation in the field of banking.
Information revolution led to the evolution of
internet, internet led to the evolution of ECommerce &
E-Commerce led to the
evolution of E-Banking.

E-Banking is a facility under

which the customers can
perform basic banking
transaction electronically,
round the clock, throughout
the world.
Information technology refers
to the use of computers &
telecommunication for
producing storing, obtaining
& sending information.

DEFINITION

1) A system of banking in which customers can

view their account details, pay bills, and
transfer money by means of the internet.
2) The remote delivery of new and traditional
banking products and services through
electronic delivery channels.

FEATURES

Information Only System

Electronic Information Transfer System
Fully Electronic Transactional System

ADVANTAGES

Round The Clock Banking

Convenience
Low Service

Profitable Banking
Quality Banking
Speed Banking

DISADVANTAGES

Start-up Cost
Training & Maintenance
Security
Lack Of Skilled Personnel

TYPES

PC Banking
Internet Banking
Digital TV Banking
Text Phone Banking

SERVICES

Bill payment service

Credit card customers
Railway pass
Recharging your prepaid
phone
Shopping at your fingertips

CHANNELS

Automated teller machines (ATMs)

Smart cards
Telebanking
Internet banking

TRADITIONAL BANKING V/S

E-BANKING

SECURITY

Ensuring security while banking online, is to

keep your password and pin number a secret.
The security of your personal computer is
very important for safe internet banking.
Therefore, always install antivirus software
and software to remove spyware.
Checking your bank statements regularly will
help you detect any transaction that has
taken place without your knowledge.

While banking through the internet, make

sure that the banking session is secure.

In addition, always remember to completely

log off, after completing the banking session.
Nowadays, the banking institutions have
come up with a number of safety measures
for ensuring secure internet banking.

CHALLENGES AND
OPPORTUNITIES

E-banking is a generic term for delivery of

banking services and products
E-banking has improved efficiency and
convenience
The government of India enacted the IT act,
2000
It issued guidelines on risks and control in
computer and telecommunication system