133645362-Internet-Banking.ppt

7/24/2019 133645362-Internet-Banking.ppt

1/9

InternetInternet BankingBanking


2/9

What is Internet banking?What is Internet banking?

A system allowing individuals to perform banking

activities at home, via the internet.

The automated delivery of new and traditional banking

products and services directly to customers through

electronic, interactive communication channels.

Some online banks are traditional banks which also

offer online banking, while others are online only and

have no physical presence.


3/9

Development of E-bankingDevelopment of E-bankingThe concept of Internet banking has been simultaneously

evolving with the development of the world wide web.

Programmers working on banking data bases came up with

ideas for online banking transactions, some time during the

1!"#s.

The online shopping promoted the use of credit cards

through Internet.

The first online banking service in $nited States was

introduced, in %ctober 1&.


4/9

The service was developed by Stanford 'ederal (redit

$nion, which is a financial institution.

In )ay 1* + ells 'argo - the first bank in the world

to offer customer access to their accounts over the

internetallows customer to see their accounts online/

The online banking services are becoming more and

more prevalent due to the well developed systems


5/9

Development of E-bankingDevelopment of E-banking

in Indiain IndiaI(I(I was the first bank to initiate the Internetbanking revolution in India as early as 10

under the brand name #Infinity.

I(I(I 2ank kicked off online banking way

back in 13 . 2ut even for the Internet as a

whole, 13 to 1! marked the adoption

phase, while usage increased only in 1-due to lower ISP online charges, increased

P( penetration and a tech-friendly

atmosphere


6/9

RBI & E-BankingRBI & E-Banking

The 4eserve 2ank of India constituted a

working group on Internet 2anking.

The group divided the internet banking

products in India into 5 types based on the

levels of access granted.

They are+- i/ Information %nly System+ ii/

6lectronic Information Transfer System+ iii/

'ully 6lectronic Transactional System+


7/9

Different services providedDifferent services provided

under e-bankingunder e-banking%78I76 2I88 PA9)67T

S:%PPI7;

TI(I(6S

%78I76 APP8I(ATI%7S


8/9

Service Provided By SBIService Provided By SBISelf-account funds transfer across India.

Third party transfers in the same branch

New account opening

New Cheque-book request

Railway tickets booking

tility bill payments

!IC and other insurance premium payments

Credit card dues payments

"eposit your ta#es

"onations to Red Cross and such other or anisations

State 2ank %f India


9/9

Service Provided By ICICIService Provided By ICICI

2I88 PA9)67T

'$7= T4A7S'64

A((%$7T I7'%4)ATI%7

S)A4T )%769 %4=64 S64>I(6 46?$6ST

(%7>64T T% 6)I A@( T% (A4= T4A7S'64

P46PAI= )%2I86 46(:A4;6

A((%$7T T4A7S'64

Documents

133645362-Internet-Banking.ppt