This document discusses e-banking in India. It outlines the evolution of e-banking in India from advanced ledger posting machines to internet banking being introduced by ICICI Bank, CITI Bank, and HDFC Bank in 1999. The document also lists and provides brief descriptions of various e-based banking products and services available in India, including ATMs, credit cards, debit cards, smart cards, mobile banking, internet banking, virtual banking, core banking, SWIFT, SPNS, INFENET, CFMS, EFT, RTGS, doorstep banking, and electronic purses.

1. E-BANKING
Ass: prof sanoob c

2. E-BANKING
 Dimensions of e-banking
 Evolution of e-banking in India
 E-based product or services
a. ATM
b. Credit card
c. Debit card
d. Smart card
e. Mcq product
f. Telephone banking
g. Internet banking
h. Virtual banking
i. Core banking
j. SWIFT(Worldwide Interbank Financial Telecommunication)
k. SPNS
l. INFENET
m. CFMS
n. EFT
o. RTGS
p. Doorstop banking
q. E-purse

3. Dimensions of e-banking
• Customer to bank E-banking
• Bank to bank E-banking
• Electronic central banking
Ass: prof sanoob c

4. Evolution of e-banking in India
• Evolution of e-banking in India is recent origin
• Computer + banking services+
• Rangarajan committees + saraf committees+shere
committees+vasudevan committees (they examined various
aspect of computerization in banking )
• Advanced ledger posting machines
(ALPM)
• MINI computers stared to us
• ICICI bank started internet banking in India
• And CITI Bank and HDFC Bank followed in 1999
• IT ACT enacted in 2000 which provide legal recognition to
electronic transaction (e-commerce) Ass: prof sanoob c

5. E-based product or services
Smart card
• A smart card, chip card, or integrated circuit card (ICC) is a physical
electronic authorization device, used to control access to a resource.
• It is typically a plastic credit card-sized card with an embedded integrated
circuit (IC) chip.
• Many smart cards include a pattern of metal contacts to electrically
connect to the internal chip.
• Others are contactless, and some are both. Smart cards can
provide personal identification authentication, data storage, and
application processing.
• Applications include identification, financial, mobile phones (SIM), public
transit, computer security, schools, and healthcare.
• Smart cards may provide strong security authentication for single sign-
on (SSO) within organizations. Numerous nations have deployed smart
cards throughout their populations.

7. E-based product or services
Mchq product
• MOBILE BANKING The another
new banking innovation product introduced is
Mchq. Mchq is nothing but a mobile-to-
mobile payment option. It means that any one
can use his cell phone like a wallet. ... CREDIT
CARD Credit card are innovated ones in the
line of financial services offered by
commercial bank

8. Virtual Banking
• The Virtual Banking is the provision of
accessing the banking and related services
online without actually going to the bank
branch/office in person. Simply, availing the
banking services through an extensive use of
information technology without any
requirement for the physical walk-in premises
is called as virtual banking.
• Ass: prof sanoob c

9. E-based product or services
Core banking
• Core banking is a banking service provided by
a group of networked bank branches where
customers may access their bank account and
perform basic transactions from any of the
member branch offices

10. E-based product or services
SWIFT(Worldwide Interbank Financial
Telecommunication)
• The Society for Worldwide Interbank Financial
Telecommunication, legally S.W.I.F.T. SCRL,
provides a network that enables financial
institutions worldwide to send and receive
information about financial transactions in a
secure, standardized and reliable environment.
• Headquarters: La Hulpe, Belgium
• Founded: 1973, Brussels, Belgium

11. E-based product or services

12. E-based product or services
SPNS(Shared Payment Network System )
• spns is a large network OF ATMs in the city of
Mumbai ,vashi and thane
• Established =Indian switch company Pvt Ltd
• Service=The objective behind the
SWADHAN network is to provide 24 hours, 7 days
in a week and 365 days in a year, electronic
banking service to the customer of a member
bank any where in the city of Mumbai.

13. E-based product or services
• INFENET(indian finance network)
• It was introduced on 19th June 1991
• It is a very small aperture terminal (VSAT)
based satellite network
• Object =banks are using this network for
messaging ,file transfer and chat services

14. E-based product or services
CFMS(centralized fund management system)
• The Centralised Funds Management System (CFMS), is a system set
up, operated and maintained by the Reserve Bank of India .
• to enable operations on current accounts maintained at various
offices of the Bank, through standard message formats in a secure
manner.
• It inter connecting the 17 deposit Account department (DADs)
• Generally bank maintain their current account with DADs of RBI
• The CFMS system will connected to DADs at regional office . The
CFMS will maintain mirror account which will be updated at the
suitable interval

15. E-based product or services
EFT(Electronic fund transfer system)
• EFT was introduced by the RBI in 1996
• Its principal is NEXT DAY AVAILABILITY OF FUND
• This is big boon to customer service
• Limit =Primarily, NEFT is an account to account funds
transfer system. Even customers not maintaining an account
with NEFT bank can remit funds up to Rs. 50,000/- to the credit
of another bank account.
Electronic funds transfer (EFT) is the electronic transfer of money
from one bank account to another, either within a single financial
institution or across multiple institutions, via computer-based
systems, without the direct intervention of bank staff

16. E-based product or services
RTGS(Real-time gross settlement systems )
• Real-time gross settlement systems are specialist funds
transfer systems where the transfer of money or
securities takes place from one bank to any other bank
on a "real-time" and on a "gross" basis
• It was launched on polite basis involving four bank on
march 26,2004
• The RTGS system is primarily meant for large value
transactions. The minimum amount to be remitted
through RTGS is Rs 2 lakh. The maximum limit is Rs 10
lakh per day

19. E-based product or services
Doorstep banking
• Doorstep banking is a facility provided to you
so that you don't have to visit our bank branch
for your routine banking activities like cash
deposit, cash withdrawal, cheque deposit or
making a demand draft.

21. E-based product or services
Electronic purse
• Electronic purse (E-purse) An electronic purse is the store of
value on a card, which can be used in a manner similar to cash to
pay for travel or for other small-scale transactions.
The electronic “purse” is secure information stored in a
dedicated area or file in the smart-card.
Ass: prof sanoob c