 INTRODUCTION TO SUBJECT

INTRODUCTION OF E-BANKING

The world is changing at a staggering rate and technology is considered to be the keydriver for these
changes around us. An analysis of technology and its uses show that ithas permeated in almost every
aspect of our life. Many activities are handled electronically due to the acceptance of information
technology at home as well as atworkplace. Slowly but steadily, the Indian customer is moving towards
the internetbanking. The ATM and the Net transactions are becoming popular. But the customeris clear
on one thing that he wants net-banking to be simple and the banking sector is matching its steps to the
march of technology. E-banking or Online banking is ageneric term for the delivery of banking services
and products through the electronic channels such as the telephone, the internet, the cell phone etc.
The concept and scopeof e-banking is still evolving. It facilitates an effective payment and accounting
system thereby enhancing the speed of delivery of banking services considerably.

Several initiatives have been taken by the Government of India as well as the RBI(Reserve Bank of India);
have facilitated the development of e-banking in India. Thegovernment of India enacted the IT Act, 2000,
which provides legal recognition toelectronic transactions and other means of electronic commerce. The
RBI has beenpreparing to upgrade itself as regulator and supervisor of the technologicallydominated
financial system. It issued guidelines on the risks and controls in computerand telecommunication
systems to all banks, advising them to evaluate the risksinherent in the systems and put in place
adequate control mechanisms to address theserisks.

 QUESTIONNAIRE
1. Do you have bank account?

(a) Yes

(b) No

2. Do you use E-banking

(a) Yes

(b) No

3. While opening up of account, were you aware of e- banking services provided by

the bank?

(a) Yes

(b) No

4. Manual Banking is more convenient than Internet Banking.

(a) Strongly Agree (b) Agree (c) Neutral

(d) Disagree (e) Strongly Disagree

5. How you perceive Internet Banking System?

(a) Complicated Technique (b) Not Easy (c) Difficult accessibility

(d) Rigidity (e) Don’t get required response (f) Poor Feedback

6. Are service charges for Internet Banking fair?

(a) Yes

(b) No
7. Why have you never used online banking services?

(a) Do not have Internet at home

(b) Don’t trust internet services when it comes to managing my money

(c) Online services don’t enable me to do what I want to do

(d) I prefer to have personal human relation

(e) Find the process too difficult

8. Degree of confidence on e- banking

(a) Little (b) Some (c) Not at all (d) High (e) Very High

9. Tick which bank you preferred…

(a) ICICI

(b) SBI

(c) Bank of Baroda

(d) HDFC

10. Why this bank

(a) Service is good (b) They provide security (c) Cheaper service charges

11. Which one is the main reason for you to use e- banking

(a) Better Information (b) Simplification of processes

(c) 24 Hr. service (d) Limited time available

12. Frequency of transactions

(a) 2-3 times per week (b) Daily

(c) Once per month (d) Once per week

13. Are transactions through internet secure

(a) Very Much (b) Much (c) Some

(a) Little (e) Not at all

14. Are you satisfied with the using of E-banking?

(a) Yes (b) No

15. Degree of satisfaction from the service via internet comparatively to service via

banks

(a) Very High (b) High (c) Not at all

(b) Some (e) Little

16. Do you think that human contact is important for banking relation?

(a) Completely

(b) Somewhat

(c) Unsure

(d) Not at all

1. What are for you the 2 main disadvantages of online banking?

(a) Overall difficulty of using online banking system

(b) Lack of assistance

(c) Security concerns

(d) Limited service (doesn’t enable all banking operations)

(e) Impersonality of the service

(f) Dependence on internet service

(g) Unreliable

(h) No disadvantage

18. What would encourage you to use more the online banking services?

(a) Rewards (discounted fees for certain services)

(b) Simpler/clearer service

(c) Higher security

(d) Free transactions