E- BANKING

Engaging in the business of keeping

money for savings and checking accounts
or for exchange or for issuing loans and
credit etc.
Internet banking(online banking) allows customer to
conduct financial transaction on a secure website
operated by their bank or virtual a society.
The emergence of online banking in the recent years
has brought about both positive and negative
perception in the banking industry as a whole.
Features of Internet Banking
TRANSACTIONAL NON- TRANSACTIONAL
 Electronic bill payment  Bank Statement
 Funds transfer between a  Financial Institution
customer’s own checking Administration.
and savings account, or to  Supports of multiple users
another customer’s account having varying levels of
 Investment purchase or authority.
sale  Transaction Approval
 Loan application and process
transaction, such as  Wire transfer
repayments and
enrollments
BENEFITS OF INTERNET BANKING
CONEVIENCE- available 24*7
FREE (for most transactions)
FAST (depends on internet bandwidth)
RELIABLE(relies on security settings instituted by
the
bank)
SECURE
  People lack trust.
 Identity Confirmation
 Security Concerns
 Customer Service
 Accessibility
 Fees
Phishing.
Sharing of password
Hacking of sites
 SAFE BANKING
Protect yourself from Phishing.
Never reply to e-mails asking for your password or
PIN.
Visit banks' websites by typing the URL into the
address bar.
Verify the domain name displayed to avoid spoof
websites before using Internet
Never give away your account or card details for free
gifts.
 Never use unprotected PCs at cyber cafes
 Contd…..
Never leave the PC unattended when using Internet
banking in a public place
Log off' and close your browser when you've finished
using Internet banking.
Never install, run or use programs or files obtained
from unknown sources.
 CONCLUSION
Online banking is all about making life easy. You can
use technology to automate tedious tasks and save
time for the more important things. Online banks
allow you to have more choice and flexibility.
Online banking makes our lives easier. However, it
also makes a few things easier for criminals. For the
most part, online banking actually makes you safer.
While you can enjoy better returns and more
convenience, online banking isn’t perfect.