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 E-Commerce & 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