E Banking

PRATYUSH PRADHANMAHSESH AGRAWAL

BY-

INTRODUCTION

E-Banking means

In simple way to transaction of money electronically by various IT technology and instrument.

MORE ABOUT E-BANKING

HISTORY TECHNOLOGY

In 80’s E Banking is popular in the world.

In UK 1983 Bank of Scotland had set up E -Banking for customers of the Nottingham Building Society (NBS).

EDI is the main technology used by E-Banking.

At 80’s The banks were using telephone ,TV sets for E-Banking.

TYPES

1.ATM 2.DEBIT CARD

TYPES

3.PHONE BANKING 4.MOBILE BANKING

TYPES

5.ONLINE BANKING BY PC/LAPTOP

ADVANTAGES

2. ADVANTAGES TO BANK

1. ADVANTAGES TO CUSTOMER

3. ADVANTAGES TO ECONOMY

ADVANTAGES TO CUSTOMER-

3. Payment of utility bill.

5. 24 hour availabilities of banks.

2. Operate own account at your home computer.

4. Worldwide shopping on a mouse click.

1. Easy withdraw money through ATM card with mini bank statements

6. Secured money.

ADVANTAGES TO BANK-

3. Creates a competitive environment for banking industry.

5. Proper documentation of records and transactions of banks.

2. Greater efficiency, better time usage and enhanced control of banks.

4. Make a paperless environment.

1. Controlling overheads and operating cost of banks.

6. The reach and delivery capabilities help the banks.

Banking Methods Used

Cost per Transaction for Bank

Manual, Personal Rs. 40/- to Rs. 100/- depending on bank.

ATMs Rs. 20/- to Rs. 30/- only

Internet/PC Rs. 8/- only

Telephone Banking Rs. 15/- only

ADVANTAGES TO ECONOMY

3. Discourage many illegal and illegitimate practices like money laundering of frauds.5. Documentation of the economic activity.

2. Reduction if cost, reduced delivery time, increased efficiency, reduced wastage.

4. Create a better economic condition.

1. Creates a better enabling environment that supports growth.

DISADVANTAGES-

3. Phone bills can increase

5. Customers are compelled to have computers at home, Internet access and computers skills

2. Hackers may intercept data and defraud customers

4. Customers will be more vulnerable to phishing

1. E-banking promotes lack of socializing/social contacts

6. Easier for customers to mismanage their accounts due to the 24-hour service that will be available

CONCLUSION

From all of this, we have learnt that information technology has empowered customers and businesses with information needed to make better investment decisions. At the same time, technology is allowing banks to offer new products, operate more efficiently, raise productivity, expand geographically and compete globally. Amore efficient, productive banking industry is providing services of greater quality and value. E-banking has become a strategic weapon for banks to remain profitable.

SOURCES

1.http://www.google.com/imghp2.http://www.wikipedia.org/3.http://www.worldjute.com/eban

k.html

DOCUMENT BY-MAHESH AGRAWAL

ANIMATION AND EDITED BY-PRATYUSH PRADHAN

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