E-banking

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presented by :- PARDEEP KUMAR

MBA (Hons.) 2.1 ROLL NO. - 3045

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What is e-banking
Internet banking (or Ebanking) means any user with a personal computer and a browser can get connected to his bank -s website to perform any of the virtual banking functions. In internet banking system the bank has a centralized database that is web-enabled. All the services that the bank has permitted on the internet are displayed in

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E-banking

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E-banking in India
Finland was the first

country in the world to have taken in Ebanking. In India, it was ICICI Bank which E-banking as early as 1997 under the brand name Infinity
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Various form of e-banking

Internet banking

Automotive teller

machine (ATM)

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Various form of e-banking

Tele banking

Smart card

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Various form of e-banking

Debit card

E- cheque

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Internet banking in India and RBI

The Reserve Bank of India constituted a working group

on Internet Banking. The group divided the internet banking products in India into 3 types based on the levels of access granted. They are:

1.

Information Only System.

2. . Electronic Information Transfer

System.
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Different services provided under e-banking

ONLINE BILL

PAYMENT
SHOPPING TICKET BOOKING PRE PAID MOBILE RECHARGE MARKET WATCH PERSONAL HOME PAGE INVESTMENT SERVICES ONLINE APPLICATIONS PERSONAL UPDADATE
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SERVICE PROVIDED BY icici

BILL PAYMENT FUND TRANSFER ACCOUNT

INFORMATION
SMART MONEY ORDER

SERVICE REQUEST CONVERT TO EMI A/C TO CARD TRANSFER PREPAID MOBILE RECHARGE ACCOUNT TRANSFER

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Advantage of e-banking
Benefits for Banks Benefits for Small to Medium

Businesses
Benefits for Customers

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Benefits for banks

Competitive advantage Unlimited network Lesser work load Marketing tool Lesser establishment costs Lesser chances of fraud &

misappropriation
Better profitability
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Benefits for small and medium business

To run its operations more effectively Lower cost than traditional financial management mechanisms Ability to compete with larger

organizations

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Benefits for costumer

Convenience

- 24 hours a day, seven days a week

Cost

- Reducing transfer fees

Speed

- Faster circulation of assets

Competitiveness

- Fostering competition in financial market

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Benefits for costumer

Communication

-communicate easily
Environmental

- Abolishing the uses of paper

Others

- Offering one-stop-shop solutions

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Disadvantage of e-banking
A need for customer skill to deal with

computers and browsers.

E.g. Elderly, Housewives Inconvenient

Site change it will make the customer

have some confusion or delay.

Security Risk

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Fraudulent bank website

A suspicious bank website:

www.sbionline.com -Original bank website www.onlinesbi.com

These website are believed to aim to

trick persons into disclosing their sensitive personal information

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information Guide customer enter the fraud link Disclosing their ATM card numbers and their passwords

Fake e- mails send from Fraudulent bank Verify the personal Email

Viruses and Worms-Trojan Horse Program

When we open some suspicious websites or email Trojan Horse Program will install our computer secretly Hidden in the computer When you access bank websites Capture our account and the password

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conclusion
The potential of E-banking is huge ,

With the increase in connectivity, the number of users will explode, says K.V. Kamat, the non-executive Chairman of ICICI Bank. Web based banking service or E-Banking, the latest generation of banking transactions, has opened up new window of opportunity to the banks and existing financial institutions.
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THANK YOU

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