Banking

The Digital Way

1
Traditional Banking Vs Digital Banking

TRADITIONAL BANKING
Visiting a bank physically for availing
banking services.

TRADITIONAL VS DIGITAL
BANKING

DIGITAL BANKING
Digital banking allows bank customers to
avail banking services using the bank’s
website on a laptop or through a mobile
app on a smartphone/tablet.
2
Basics of General Banking

A bank is a financial institution licensed to receive deposits

and make loans.

RBI - The Reserve Bank of India is India's central bank and

regulatory body responsible for regulation of the Indian
banking system.

Type of Banks – Public & Private

 Public - Public Sector Banks (PSBs) are a major type
of government owned banks in India.
 Private - Private Sector Banks are the banks in which
private individuals own and maintain the majority of the
shares or equity.

Services Offered By Banks

Deposits, Withdrawals, Loans, ATM, Financial Advices,
Digital Banking, etc.
3
Basics of Digital Banking

Digital Banking - Digital banking is a platform where banking

services are delivered over the internet.

Benefits of Digital Banking

 24*7 availability of access to banking functions.
 Paperless banking.
 The convenience of banking from the comforts of home
 Facilitates online payments for online shopping etc.
 Enables set up of automatic payments for regular utility bills.

Major Digital Payment Channels

RTGS AePS IMPS NACH PREPAID

INSTRUMENTS
CREDIT DEBIT
NEFT UPI
CARDS CARDS

4
Basics of Digital Banking

 Settlement batch wise.

National Electronic Fund Transfer (NEFT)  No amount restriction for transferring
funds.

 Real Time credits to account.

Real Time Gross Settlement (RTGS)  Min – 2 lakhs Max – No limit.

 Instant Credit to account.

Immediate Payment Service (IMPS)  Maximum – 5 lakhs/transaction.

 Instant Credit to account.

Unified Payments Interface (UPI)  Maximum – 1 lakh/day.
Convenience of Digital Banking

6
Security Features of Digital Banking

7
Future of Digital Banking

Smartphones will become the next acceptance devices, cards are

expected to disappear, your mobile will become your wallet.

Digital Currencies will be used, making payments seamless &

transactions faster.

Aadhaar to become the single digital identity that will help you do
everything digital.

Card less withdrawal through ATM via UPI.

Banking will get more personalized with the use of Artificial

Intelligence (AI).

8
Any Questions?
9
 Quiz
Name 3 Services offered by Banks.

3 Ways Digital Banking is easier than Physical Banking?

What Payment system is used by Paytm, Phonepay, Gpay etc. ?

10
11