This document discusses electronic banking or e-banking. It defines e-banking as banking done through electronic devices. The key elements of e-banking discussed are ATMs, debit cards, credit cards, net banking, mobile banking, NEFT, RTGS, and IMPS. ATMs allow customers to withdraw and deposit cash 24/7. Debit cards deduct funds from a linked account. Credit cards provide a credit period before interest is charged. Net and mobile banking allow online and mobile transactions. NEFT, RTGS, and IMPS are electronic fund transfer systems with NEFT having the lowest limits and slowest processing, while RTGS has no limits but the highest minimum transaction amount and fastest processing time.

1. E – BANKING
By – Mrs. Sushma Bora

2. MEANING
• E stands for electronic .
• E – Banking stands for Electronic Banking .
• It is also called as virtual banking .
• Banking which can be done with the help of electronic device.

3. ELEMENTS OF E- BANKING

4. 1) ATM ( AUTOMATED TELLER MACHINE)
• ATM is also know as Any Time Money.
• ATM cards are used only in ATM
machines .
• one can withdraw and deposit the
amount with the help of ATM card and
ATM machine.
• This services is available for 24x7x365.
• It can be used for transferring money,
request for cheque book ect.

5. 2) DEBIT CARDS
• Debits cards are given by the banks to
their account holders only at the time of
opening an account.
• Whenever the debit card has been used
in ATM machine or in Swipe machine
the amount is debited from the account
holders account.
• It can be used everywhere within the
country.
• Some banks provides the cards which
can be used internationally.

6. 3) CREDIT CARDS
• Credit cards are given by the banks to
non account holders too.
• credit is given by the bank for 45 to 60
days,
• After that bank charges interest on the
credit amount.

7. 4) NET BANKING & MOBILE BANKING
• Bank provides the facility of Net
banking to their account holders.
• With the help of login ID and Password
the person can transact with the help of
computer of laptop
• In mobile banking one can use his
mobile to do the transactions.

8. 5) NEFT ( NATIONAL ELECTRONIC FUND
TRANSFER)
• Under this system, funds are transferred
electronically from one branch to another
branch or one bank to another bank in the
country.
• in NEFT transactions are cleared by the bank in
batches in banking hours
• batches are arranged half hourly. Once the first
batch is cleared then the next batch get cleared
in next half an hour.

9. 6) RTGS ( REAL TIME GROSS SETTLEMENT)
• RTGS is a fund transfer system where transfer of
funds or money takes place from one bank to
another bank on “ real time” and on “ Gross
basis” .
• It is the fastest money transfer system through the
banking channel.
• Real time means there are no batches to clear the
transactions.
• Gross settlement means there are no bunches.
• Minimum amount for RTGS is 2 lacs.

10. 7) IMPS (IMMEDIATE PAYMENT SERVICES)
• This facility allows customers to instantly
transfer funds to any other bank account,
• IMPS can be used through various mobile
apps such as paytm, G-pay ( Google Pay) ,
phone pay etc.

11. COMPARISION AMONG NEFT, RTGS AND IMPS
Parameter NEFT RTGS IMPS
Full form National Electronic
Fund Transfer
Real -Time Gross
Settlement
Interbank Mobile
Payment Service /
Immediate Payment
Service
Minimum amount No limit 2 Lac NA
Maximum amount 10 Lac 10 Lac 5 Lac
Weekday Timings 8 AM – 6:30 PM 9 AM – 4:30 PM 24 X 7
Saturday Timings 8 AM – 1 PM 9 AM – 1:30 PM 24 X 7
Transaction speed Slow Fast Fast
Transaction process Batches Real-time Real-time

12. THANKS FOR SUPPORT
• 1) Content from Maharashtra state H.S.C. board OCM 12th std book.
• 2) Images from clipart.com
• 3) Video from 3AGE creation.