E-Banking services
•Download as PPTX, PDF•
1 like•260 views
E-banking services meaning E-banking types ATM RTC ETF Mobile banking Internet Banking NEFT debit card and credit card Advantages of E-banking Disadvantages of E-banking Conclusion
Report
Share
Report
Share
Recommended
How To Open A Bank Account
To open a bank account, one must decide on the type of account, approach their bank of choice to obtain an account opening form, fill out the form with personal details and provide necessary documentation like a CNIC. The bank will then verify the documents and require an initial deposit to open the account, providing a cheque book upon completion. Key documents in the process are the account opening form, specimen signature card, and cheque book request form.
Bank accounts
,
customer accounts in a bank
,
banking accounts in bangladesh
,
cons of current account
,
procedure to open an account
,
current account
,
pros of savings account
,
pros of fixed deposit
,
recurring deposit
,
fixed deposit
,
cons of fixed comparisondeposits
,
pros of recurring deposit account
Understanding Cheque Truncation System (CTS)
CTS stands for "Cheque Truncation System". It is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques.
Trends in banking sector
Banking sector in India has evolved much , there is a huge change in its working and this ppt provides this information.
Payments Systems - IMPS(Mobile Payments)
This document provides an overview of payment systems in India, including existing systems like ECS, NEFT, RTGS and emerging mobile payment systems like IMPS. It defines key payment system stakeholders and classifications. Specific sections describe the process, advantages and disadvantages of IMPS mobile payments. Comparisons are made between IMPS and other electronic payment methods. The document also discusses future payment trends focused on increasing convenience, affordability, confidence and consumer protection in digital financial services.
How to open a savings bank account
A step-by-step guide on how to open a savings account thus making your account opening procedure hassle free. Click here to read more!.
Electronic cheque
The document defines an electronic cheque as an exact digital copy of a paper cheque that contains the drawer's digital signature and may also contain biometric signature data. The process of creating an e-cheque involves scanning a paper cheque, adding a digital signature and encrypting it. It is then sent via email or internet to the payee. The payee can then endorse it digitally and send it to their bank, which verifies the signatures and sends it to the drawer's bank for payment. E-cheques offer advantages like convenience, availability anytime, lower costs, avoidance of loss or delay in transit, and facilitation of e-banking.
ELECTRONIC FUND TRANSFER
The document discusses electronic fund transfers (EFT) and various related topics. It defines EFT as the exchange of money from one account to another through computer. It describes different modes of EFT in India including NEFT, RTGS, and IMPS. NEFT allows customers to electronically transfer funds between bank accounts. RTGS facilitates real-time funds transfers between banks. IMPS enables instant mobile payments. The document also discusses the advantages of EFT like increased efficiency and the risks associated with security issues.
Recommended
How To Open A Bank Account
To open a bank account, one must decide on the type of account, approach their bank of choice to obtain an account opening form, fill out the form with personal details and provide necessary documentation like a CNIC. The bank will then verify the documents and require an initial deposit to open the account, providing a cheque book upon completion. Key documents in the process are the account opening form, specimen signature card, and cheque book request form.
Bank accounts
,
customer accounts in a bank
,
banking accounts in bangladesh
,
cons of current account
,
procedure to open an account
,
current account
,
pros of savings account
,
pros of fixed deposit
,
recurring deposit
,
fixed deposit
,
cons of fixed comparisondeposits
,
pros of recurring deposit account
Understanding Cheque Truncation System (CTS)
CTS stands for "Cheque Truncation System". It is a cheque clearing system undertaken by the Reserve Bank of India (RBI) for faster clearing of cheques.
Trends in banking sector
Banking sector in India has evolved much , there is a huge change in its working and this ppt provides this information.
Payments Systems - IMPS(Mobile Payments)
This document provides an overview of payment systems in India, including existing systems like ECS, NEFT, RTGS and emerging mobile payment systems like IMPS. It defines key payment system stakeholders and classifications. Specific sections describe the process, advantages and disadvantages of IMPS mobile payments. Comparisons are made between IMPS and other electronic payment methods. The document also discusses future payment trends focused on increasing convenience, affordability, confidence and consumer protection in digital financial services.
How to open a savings bank account
A step-by-step guide on how to open a savings account thus making your account opening procedure hassle free. Click here to read more!.
Electronic cheque
The document defines an electronic cheque as an exact digital copy of a paper cheque that contains the drawer's digital signature and may also contain biometric signature data. The process of creating an e-cheque involves scanning a paper cheque, adding a digital signature and encrypting it. It is then sent via email or internet to the payee. The payee can then endorse it digitally and send it to their bank, which verifies the signatures and sends it to the drawer's bank for payment. E-cheques offer advantages like convenience, availability anytime, lower costs, avoidance of loss or delay in transit, and facilitation of e-banking.
ELECTRONIC FUND TRANSFER
The document discusses electronic fund transfers (EFT) and various related topics. It defines EFT as the exchange of money from one account to another through computer. It describes different modes of EFT in India including NEFT, RTGS, and IMPS. NEFT allows customers to electronically transfer funds between bank accounts. RTGS facilitates real-time funds transfers between banks. IMPS enables instant mobile payments. The document also discusses the advantages of EFT like increased efficiency and the risks associated with security issues.
NEFT and RTGS
RTGS and NEFT are two funds transfer systems in India. RTGS provides real-time gross settlement of funds transfers between banks, meaning transfers happen instantly and individually. NEFT operates on a deferred net settlement basis, settling transactions in batches throughout the day. Key differences are that RTGS has no maximum transaction limit while NEFT transactions are limited to Rs. 2 lakhs. Both systems provide faster funds transfers than traditional methods like bank drafts at lower costs.
Cheque and its types
"Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."
Internet banking
Internet banking allows customers to perform banking activities through the internet rather than visiting a branch in person. It offers convenience through anytime, anywhere access on a personal computer. Key features include fast and efficient transactions using digital processing. Banks benefit through reduced costs, increased customer base and risk reduction while customers benefit from prompt service, time savings and more convenience. Delivery channels for e-banking include CBS, ATMs, smart cards and online services like bill payment, shopping, trading and fund transfers. However, issues like security, infrastructure costs, user awareness and unauthorized access pose limitations. Common models are complete centralized solution and cluster approach.
Internet banking
Internet banking allows individuals to perform banking activities online via the internet. It provides automated delivery of traditional and new banking products and services directly to customers through electronic and interactive communication channels. Some banks offer both online and traditional banking, while others are online-only.
The concept of internet banking developed alongside the world wide web in the 1980s. The first online banking services launched in the United States in 1994 and India in 1997. The Reserve Bank of India categorized internet banking into three types - information only, electronic information transfer, and fully electronic transactional - based on access levels.
Internet banking provides benefits like convenience, lower costs, faster transactions, and increased competition for both customers and banks. However, security risks and the
Imps flow
The document describes the Interbank Mobile Payment Service (IMPS) which allows instant interbank fund transfers between registered bank accounts 24/7 using mobile phones. Key features include no sharing of bank details, credit/debit confirmations, and simple/secure transactions. IMPS transactions can be initiated using the payee's mobile number, MMID, or account details. Transactions are routed through NPCI and processed immediately, with SMS notifications sent. Transaction limits and fees are set according to RBI guidelines. Participating banks offer the IMPS service to their customers.
Neft&rtgs
NEFT and RTGS are electronic funds transfer systems operated by the Reserve Bank of India. NEFT operates in hourly batches for fund transfers of any amount with no minimum limit. RTGS provides real-time fund transfers for high-value transactions of Rs. 2 lacs and above, with settlement occurring individually on a continuous basis. Both systems allow fast domestic transfers between banks across India using IFSC codes, with NEFT being suitable for smaller transfers and RTGS for larger, time-critical transfers.
NR traditional banking vs e-banking.pptx
This slide explain difference between Traditional banking and e-banking. Its presence, accessibility, customer service and time. This slide helps to the beginners who studying banking.
Core banking system
This document provides information about the evolution of core banking systems from earlier total branch automation systems. It describes how core banking allows for real-time sharing of customer information and processing of transactions across branches through centralized data centers and networking. The core banking system provides many benefits like centralized accounting, product monitoring, introduction of new technology-based services, and improved customer service by allowing customers access to their accounts from any branch.
E Banking
Internet banking, also known as e-banking, allows users to perform banking functions through their personal computer by accessing their bank's website. The ICICI Bank launched online banking in India in 1996. E-banking provides benefits like convenience and accessibility for customers as well as cost savings for banks by reducing branch transactions and operational costs. However, security concerns remain an issue as online banking increases the risks of hackers accessing customer accounts. Regulations and security measures will need to continue evolving to fully address privacy and fraud protection as virtual and branchless banking models grow in the future.
Internet Banking - NEFT and RTGS
NEFT and RTGS are electronic funds transfer systems in India. NEFT operates on a deferred net settlement basis, settling transactions in batches throughout the day for small value transfers. RTGS provides real-time settlement of high value transactions of ₹2 lakhs or more. Both schemes allow individuals and businesses to transfer funds between bank accounts electronically instead of using paper instruments. Key details include operating hours, minimum amounts, settlement timeframes, and procedures for returning funds if a transfer fails. NEFT can also be used to send remittances to Nepal.
How Credit Card Processing Works
Here’s a brief guide on how credit card processing companies work and the impact of credit card acceptance on small businesses.
debit cards
The document provides information on various debit cards issued by State Bank of India (SBI). It discusses the features and uses of different SBI debit cards including the Classic, Silver International, Global International, Gold International, Platinum International, SBI INTOUCH Tap & Go, and Mumbai Metro Combo cards. The key details provided include cash withdrawal limits, accepted locations for use, available benefits like insurance and rewards points, and security precautions for safe debit card transactions.
Digital banking and its benefits
“Digital” is the new buzz word in the banking sector, with banks all around the globe hopping onto the digital bandwagon. Banks of all sizes are making sizeable investments in digital initiatives in order to maintain a competitive edge. Vijaya Bank shows us what are the benefits of the digital banking.
Telebanking
Telebanking, also known as telephone banking, allows customers to perform financial transactions over the phone without visiting a bank branch. It provides services like checking account balances, transferring funds, paying bills, and more. Telebanking uses security features like passwords, PINs, and transaction limits to protect customer accounts. It offers customers convenient access to their banking needs at any time without needing to visit in person.
E banking
This document provides an overview of electronic banking, including its introduction, advantages, disadvantages and types. Electronic banking allows funds to be transferred electronically rather than through cash or checks. It was first conceptualized in the 1970s and introduced in some banks in 1985. Common types of electronic banking include automated teller machines (ATMs), internet banking, mobile banking, and electronic funds transfer. ATMs allow customers to access cash 24/7 using debit or credit cards. Internet and mobile banking provide banking services via websites and apps. Electronic funds transfer enables electronic money transfers between bank accounts in real-time.
Cheque
1. A cheque is a negotiable instrument that is drawn on a bank and used to make payments to a specified person or bearer. It must be in writing, drawn on a particular bank, unconditional, signed by the account holder, and payable on demand.
2. There are different types of cheques including bearer cheques, order cheques, open cheques, crossed cheques, anti-dated cheques, post-dated cheques, stale cheques, and mutilated cheques. Crossed cheques can only be deposited, not cashed.
3. Alterations to essential information like the date, amount, or payee name would make a cheque invalid unless initial
Current account
The document provides information about current bank accounts in India. It discusses that current accounts are deposit accounts that allow for convenient withdrawing and depositing of funds and are commonly used by businesses. Key features of current accounts mentioned include no interest earned, ability to make instant fund transfers, use of debit cards, and access to services like RTGS and NEFT. The document also outlines eligibility requirements, required documents, available facilities like overdraft, and responsibilities and advantages of holding a current account.
Home banking final
This document provides an overview of home banking and its key features. Home banking allows customers to access banking services remotely without visiting a branch by using the internet or telephone. It describes the main types of home banking and the facilities available, such as viewing account details, electronic funds transfer, bill payment, and online trading. The document also discusses the advantages and limitations of home banking.
Banking technology
This document discusses various technologies used in banking. It describes Inter Bank Mobile Payment System (IMPS) and how it allows customers to transfer funds between banks via mobile devices. It also discusses online banking, use of analytics for segmentation and understanding customer preferences, convergence of storage and computing infrastructure, mobile banking, electronic bill payment, electronic fund transfer, electronic cheques, Real Time Gross Settlement (RTGS) system, and Automatic Teller Machines (ATMs). The benefits of these technologies for customers, banks and employees are reduced costs, immediate access to accounts and transactions, increased productivity and efficiency. The challenges are costs of implementation, risk of technology failures, penetrating rural areas and upgrading workforce skills.
Corporate banking latest
The document discusses various types of corporate banking services provided by banks to corporate clients. It describes funded services like working capital finance, short term finance, and bill discounting. It also discusses non-funded services like letters of credit and bank guarantees. Finally, it summarizes external commercial borrowings, import trade credit, and foreign currency options for corporate financing.
Banking theory law and practice ppt
Core banking solutions allow customers to access their bank accounts and conduct transactions from any branch of their bank nationwide. This overcomes previous limitations where customers could only withdraw or deposit at their specific branch location. Internet banking evolved from PC banking and allows customers to manage their accounts online through a bank's website. It provides benefits like 24/7 access and faster processing. Online banking is a type of internet banking that can perform most traditional branch services virtually, like deposits, bill payments and account monitoring.
Electronic Payment
This PPT gives a clear cut idea about the various electronic payment methods like e-cash, e-purse, e-cheques, e- cards, smart cards,NEFT, RTGS and ECS
More Related Content
What's hot
NEFT and RTGS
RTGS and NEFT are two funds transfer systems in India. RTGS provides real-time gross settlement of funds transfers between banks, meaning transfers happen instantly and individually. NEFT operates on a deferred net settlement basis, settling transactions in batches throughout the day. Key differences are that RTGS has no maximum transaction limit while NEFT transactions are limited to Rs. 2 lakhs. Both systems provide faster funds transfers than traditional methods like bank drafts at lower costs.
Cheque and its types
"Cheque is an instrument in writing containing an unconditional order, addressed to a banker, sign by the person who has deposited money with the banker, requiring him to pay on demand a certain sum of money only to or to the order of certain person or to the bearer of instrument."
Internet banking
Internet banking allows customers to perform banking activities through the internet rather than visiting a branch in person. It offers convenience through anytime, anywhere access on a personal computer. Key features include fast and efficient transactions using digital processing. Banks benefit through reduced costs, increased customer base and risk reduction while customers benefit from prompt service, time savings and more convenience. Delivery channels for e-banking include CBS, ATMs, smart cards and online services like bill payment, shopping, trading and fund transfers. However, issues like security, infrastructure costs, user awareness and unauthorized access pose limitations. Common models are complete centralized solution and cluster approach.
Internet banking
Internet banking allows individuals to perform banking activities online via the internet. It provides automated delivery of traditional and new banking products and services directly to customers through electronic and interactive communication channels. Some banks offer both online and traditional banking, while others are online-only.
The concept of internet banking developed alongside the world wide web in the 1980s. The first online banking services launched in the United States in 1994 and India in 1997. The Reserve Bank of India categorized internet banking into three types - information only, electronic information transfer, and fully electronic transactional - based on access levels.
Internet banking provides benefits like convenience, lower costs, faster transactions, and increased competition for both customers and banks. However, security risks and the
Imps flow
The document describes the Interbank Mobile Payment Service (IMPS) which allows instant interbank fund transfers between registered bank accounts 24/7 using mobile phones. Key features include no sharing of bank details, credit/debit confirmations, and simple/secure transactions. IMPS transactions can be initiated using the payee's mobile number, MMID, or account details. Transactions are routed through NPCI and processed immediately, with SMS notifications sent. Transaction limits and fees are set according to RBI guidelines. Participating banks offer the IMPS service to their customers.
Neft&rtgs
NEFT and RTGS are electronic funds transfer systems operated by the Reserve Bank of India. NEFT operates in hourly batches for fund transfers of any amount with no minimum limit. RTGS provides real-time fund transfers for high-value transactions of Rs. 2 lacs and above, with settlement occurring individually on a continuous basis. Both systems allow fast domestic transfers between banks across India using IFSC codes, with NEFT being suitable for smaller transfers and RTGS for larger, time-critical transfers.
NR traditional banking vs e-banking.pptx
This slide explain difference between Traditional banking and e-banking. Its presence, accessibility, customer service and time. This slide helps to the beginners who studying banking.
Core banking system
This document provides information about the evolution of core banking systems from earlier total branch automation systems. It describes how core banking allows for real-time sharing of customer information and processing of transactions across branches through centralized data centers and networking. The core banking system provides many benefits like centralized accounting, product monitoring, introduction of new technology-based services, and improved customer service by allowing customers access to their accounts from any branch.
E Banking
Internet banking, also known as e-banking, allows users to perform banking functions through their personal computer by accessing their bank's website. The ICICI Bank launched online banking in India in 1996. E-banking provides benefits like convenience and accessibility for customers as well as cost savings for banks by reducing branch transactions and operational costs. However, security concerns remain an issue as online banking increases the risks of hackers accessing customer accounts. Regulations and security measures will need to continue evolving to fully address privacy and fraud protection as virtual and branchless banking models grow in the future.
Internet Banking - NEFT and RTGS
NEFT and RTGS are electronic funds transfer systems in India. NEFT operates on a deferred net settlement basis, settling transactions in batches throughout the day for small value transfers. RTGS provides real-time settlement of high value transactions of ₹2 lakhs or more. Both schemes allow individuals and businesses to transfer funds between bank accounts electronically instead of using paper instruments. Key details include operating hours, minimum amounts, settlement timeframes, and procedures for returning funds if a transfer fails. NEFT can also be used to send remittances to Nepal.
How Credit Card Processing Works
Here’s a brief guide on how credit card processing companies work and the impact of credit card acceptance on small businesses.
debit cards
The document provides information on various debit cards issued by State Bank of India (SBI). It discusses the features and uses of different SBI debit cards including the Classic, Silver International, Global International, Gold International, Platinum International, SBI INTOUCH Tap & Go, and Mumbai Metro Combo cards. The key details provided include cash withdrawal limits, accepted locations for use, available benefits like insurance and rewards points, and security precautions for safe debit card transactions.
Digital banking and its benefits
“Digital” is the new buzz word in the banking sector, with banks all around the globe hopping onto the digital bandwagon. Banks of all sizes are making sizeable investments in digital initiatives in order to maintain a competitive edge. Vijaya Bank shows us what are the benefits of the digital banking.
Telebanking
Telebanking, also known as telephone banking, allows customers to perform financial transactions over the phone without visiting a bank branch. It provides services like checking account balances, transferring funds, paying bills, and more. Telebanking uses security features like passwords, PINs, and transaction limits to protect customer accounts. It offers customers convenient access to their banking needs at any time without needing to visit in person.
E banking
This document provides an overview of electronic banking, including its introduction, advantages, disadvantages and types. Electronic banking allows funds to be transferred electronically rather than through cash or checks. It was first conceptualized in the 1970s and introduced in some banks in 1985. Common types of electronic banking include automated teller machines (ATMs), internet banking, mobile banking, and electronic funds transfer. ATMs allow customers to access cash 24/7 using debit or credit cards. Internet and mobile banking provide banking services via websites and apps. Electronic funds transfer enables electronic money transfers between bank accounts in real-time.
Cheque
1. A cheque is a negotiable instrument that is drawn on a bank and used to make payments to a specified person or bearer. It must be in writing, drawn on a particular bank, unconditional, signed by the account holder, and payable on demand.
2. There are different types of cheques including bearer cheques, order cheques, open cheques, crossed cheques, anti-dated cheques, post-dated cheques, stale cheques, and mutilated cheques. Crossed cheques can only be deposited, not cashed.
3. Alterations to essential information like the date, amount, or payee name would make a cheque invalid unless initial
Current account
The document provides information about current bank accounts in India. It discusses that current accounts are deposit accounts that allow for convenient withdrawing and depositing of funds and are commonly used by businesses. Key features of current accounts mentioned include no interest earned, ability to make instant fund transfers, use of debit cards, and access to services like RTGS and NEFT. The document also outlines eligibility requirements, required documents, available facilities like overdraft, and responsibilities and advantages of holding a current account.
Home banking final
This document provides an overview of home banking and its key features. Home banking allows customers to access banking services remotely without visiting a branch by using the internet or telephone. It describes the main types of home banking and the facilities available, such as viewing account details, electronic funds transfer, bill payment, and online trading. The document also discusses the advantages and limitations of home banking.
Banking technology
This document discusses various technologies used in banking. It describes Inter Bank Mobile Payment System (IMPS) and how it allows customers to transfer funds between banks via mobile devices. It also discusses online banking, use of analytics for segmentation and understanding customer preferences, convergence of storage and computing infrastructure, mobile banking, electronic bill payment, electronic fund transfer, electronic cheques, Real Time Gross Settlement (RTGS) system, and Automatic Teller Machines (ATMs). The benefits of these technologies for customers, banks and employees are reduced costs, immediate access to accounts and transactions, increased productivity and efficiency. The challenges are costs of implementation, risk of technology failures, penetrating rural areas and upgrading workforce skills.
Corporate banking latest
The document discusses various types of corporate banking services provided by banks to corporate clients. It describes funded services like working capital finance, short term finance, and bill discounting. It also discusses non-funded services like letters of credit and bank guarantees. Finally, it summarizes external commercial borrowings, import trade credit, and foreign currency options for corporate financing.
What's hot (20)
Similar to E-Banking services
Banking theory law and practice ppt
Core banking solutions allow customers to access their bank accounts and conduct transactions from any branch of their bank nationwide. This overcomes previous limitations where customers could only withdraw or deposit at their specific branch location. Internet banking evolved from PC banking and allows customers to manage their accounts online through a bank's website. It provides benefits like 24/7 access and faster processing. Online banking is a type of internet banking that can perform most traditional branch services virtually, like deposits, bill payments and account monitoring.
Electronic Payment
This PPT gives a clear cut idea about the various electronic payment methods like e-cash, e-purse, e-cheques, e- cards, smart cards,NEFT, RTGS and ECS
NET BANKING
Net banking
Net banking meaning
How to use net banking
NEFT
RTGS
IMPS
Features of net banking
Advantages of net banking.
Unit v
E-Payment Systems Online Payment – Payments Cards – Electronic Cash – Electronic Cheques - Electronic Wallets – Debit Cards- Credit Cards – Smart Cards – – Stored Value Cards – Banking : Net Banking, Mobile Banking - Internet Technologies
E payment systems
This document discusses e-payment systems and methods. It begins by outlining the objectives of e-payments, risks involved, and digital signatures. It then provides an introduction to e-payment systems and how they have grown with internet banking and shopping. The main e-payment methods discussed include credit cards, debit cards, smart cards, e-money, and electronic funds transfer. Payment gateways are described as facilitating secure transactions between customers and merchants. Digital signatures are also summarized as providing security for e-payments through use of public and private keys.
Std 12 Computer Chapter 5 Introduction to Mcommerce (Part 3 Electronic Payme...
Std 12 Computer Chapter 5 Introduction to Mcommerce (Part 3 Electronic Payment System)
Payment in Ecommerce/Mcommerce
Traditional vs. Electronic Payment System
Credit Card
Debit Card
Smart Card
Charge Card
Net Banking
Electronic Fund Transfer (EFT)
E-Wallet
RuPay
ECOMM.pptx
IMPS is an immediate payment service provided by banks that allows for real-time interbank funds transfers at any time, including holidays and weekends. It aims to make electronic funds transfer easy and convenient for customers. Some key advantages of IMPS include real-time transfers, 24/7 availability, and convenience of using only a mobile number for transfers. Electronic funds transfer (EFT) refers to digital transfers of cash through online payment systems like ACH, wire transfers, or credit/debit cards. EFTs allow for cheaper and safer transfers compared to traditional methods.
Fcb 2
This document discusses electronic banking in India. It provides an overview of how liberalization and deregulation in the 1990s changed the Indian banking system and led to increased use of information technology. It defines electronic banking and describes some key technologies used, including automated teller machines, debit cards, credit cards, charge cards, and smart cards. The document discusses the needs and advantages of electronic banking, its impact on traditional banking services, risks involved like operational risk and security risk, and legal/compliance risk.
Mis
Information technology plays a crucial role in the banking sector by enabling various applications. These applications include allowing customers to view their bank accounts online, manage payments and cash positions via corporate and consumer banking solutions, and conduct electronic fund transfers. Electronic fund transfers provide a fast and secure means of transferring funds electronically between businesses, consumers, and financial institutions via tools like credit cards, debit cards, and online payment systems. Other IT applications discussed include ATMs, which allow customers to access banking services 24/7 using their access cards, and electronic checks, which facilitate online micropayments between registered users.
Electronic wallets and payment system
The document discusses different electronic payment systems and electronic wallets. It describes credit cards, debit cards, smart cards, e-money, and electronic fund transfers as common electronic payment methods. Electronic wallets are described as digital wallets that store payment information and authentication details to allow for electronic payments. Electronic wallets make payments more convenient by automatically filling in online forms and can be used on both client-side devices and remote servers. They provide benefits like ease of use, flexibility, safety and control, and accessibility.
Internet banking
This document provides an overview of internet banking. It discusses how internet banking allows customers to perform banking transactions electronically via the internet. It describes the common features offered by online banking such as viewing account balances, paying bills, and transferring funds. The document also compares traditional banking to online banking, noting the conveniences of online banking like accessing accounts anywhere at any time, but also the security risks. Finally, the conclusion discusses how online banking may disrupt traditional banks by allowing new entrants to offer lower fees and more choices for customers.
E-banking.pptx
Electronic banking, also called e-banking or online banking, allows customers to conduct banking transactions electronically via the internet. It provides safe, fast, and convenient access to bank accounts 24/7 from any location with an internet connection. Some key benefits of e-banking include convenience, time savings, and reduced costs compared to traditional branch banking. However, security risks and lack of personal interaction are disadvantages to consider.
EBanking.pptx
After economic liberalization in India, banks were forced to change their approach and embrace new technologies like e-banking to compete with foreign banks. E-banking allows customers to access banking services electronically without visiting a physical branch. It has grown in popularity in India and provides benefits like increased convenience, higher interest rates, and more services for customers. However, e-banking also presents challenges around security, lack of personal relationships, and limited complex transaction capabilities compared to traditional banking. Overall, e-banking has benefited both banks and customers in India but still needs increased awareness and education among users.
Onlinetransaction
This document discusses online transactions. It describes the key participants in online transactions like cardholders, merchants, issuers and acquirers. It explains the steps in an online transaction which includes a customer placing an order, payment authorization, order confirmation and delivery of goods or services. It also discusses e-money as an electronic form of money and security tips for online transactions like using strong passwords and logging out of accounts.
EFT.pptx
An EFT payment is a digital transfer of funds from one bank account to another without the need for paper documents. There are several types of EFT payments including electronic checks, direct deposit, phone payments, ATM transactions, card transactions, and internet transactions. A digital token-based payment system is a new form of electronic payment system that uses electronic tokens generated by banks instead of e-checks or e-cash. The Secure Electronic Transaction (SET) protocol ensures security and integrity for credit card transactions online through encryption, authentication, message confidentiality, and message integrity.
Online banking
The document discusses online banking, including its definition as conducting financial transactions electronically rather than at a physical branch. It outlines the requirements and procedures for online banking, such as having internet access, registering with a bank, and logging in with a username and password. The key features and advantages of online banking are also summarized, such as lower transaction costs, ability to access accounts anywhere, and immediate money transfers.
Banking and finances
Banking and finances have changed dramatically due to advances in information technology. Traditional paper-based banking transactions have been replaced by electronic banking which allows people to access their funds and conduct transactions 24/7 through automated teller machines and online banking. Electronic fund transfers use computers and electronics instead of paper for transactions initiated by cards or codes that access bank accounts. Common electronic transactions include ATM withdrawals, direct deposits, online bill payments, point-of-sale purchases, and account inquiries. While electronic banking has advantages like convenience, speed, and lower costs, it also poses risks like increased online fraud and reliance on technology.
Topic6 Electronic Payment Systems.pptx
Electronic payment systems have revolutionized business by reducing paperwork and transaction costs. Common electronic payment modes include credit cards, debit cards, smart cards, e-money, and electronic funds transfer. Credit cards allow customers to make purchases and pay the balance later, while debit cards deduct funds immediately from the linked bank account. Smart cards contain encrypted payment and personal information. E-money refers to online payments via payment cards or services like e-cash. The Automated Clearing House (ACH) network facilitates electronic funds transfers between bank accounts in the US.
PPT18 Banking.pptx
After economic liberalization in India, banks were forced to change their approach and embrace new technologies like e-banking due to competition. E-banking involves using electronic methods like internet and mobile banking to conduct transactions instead of traditional paper-based processes. While e-banking provides benefits like convenience and lower costs, it also poses issues for banks like lack of personal relationships and security concerns that must be addressed for further growth in India.
Online banking and e commerce
The document discusses online banking, e-commerce, and electronic payment systems. It provides an introduction to topics like internet banking services, the process of e-commerce, pros and cons of online shopping, electronic payment methods, and benefits of using electronic payment systems. It also includes a case study on the online retailer Amazon, covering how it has managed to succeed as an e-commerce company.
Similar to E-Banking services (20)
Std 12 Computer Chapter 5 Introduction to Mcommerce (Part 3 Electronic Payme...
Std 12 Computer Chapter 5 Introduction to Mcommerce (Part 3 Electronic Payme...
More from Sundar B N
Capital structure theories - NI Approach, NOI approach & MM Approach
Capital structure theories - NI Approach, NOI approach & MM Approach. Meaning of capital structure , Features of An Appropriate Capital Structure, Determinants of Capital Structure, Planning the Capital Structure Important Considerations,
Sample and Population in Research - Meaning, Examples and Types
Sample and Population in Research - Meaning, Examples and Types of Population.
Sample and Population in Research - Meaning, Examples and Types
Application of Univariate, Bivariate and Multivariate Variables in Business R...
In this ppt you can find the materials relating to Application of Univariate, Bivariate and Multivariate Variables in Business Research. Also What is Variable, Types of Variables, Examples of Independent Variables, Examples of Dependent Variables, Common techniques used in univariate analysis include, Common techniques used in bivariate analysis include, Common techniques used in Multivariate analysis include, Difference B/w Univariate, Bivariate & Multivariate Analysis
INDIAN FINANCIAL SYSTEM CODE
Indian financial system code
IFSC
Meaning of IFSC
How to find IFSC code
Example of IFSC code
Features of IFSC
Benefits of IFSC.
NATIONAL ELECTRONIC FUND TRANSFER
This document discusses National Electronic Funds Transfer (NEFT) in India. It provides information on:
- NEFT is an electronic payment system developed by the Reserve Bank of India that allows individuals and businesses to transfer funds between banks securely and efficiently.
- Transactions are processed in batches throughout the day on a deferred settlement basis.
- NEFT is widely used for salary payments, bill payments, and online shopping due to its fast processing time (within hours) and low transaction fees compared to other electronic payment systems.
- The document provides details on conducting NEFT transactions through various digital and branch-based methods from ICICI Bank and the applicable transaction charges.
PRIVILEGE BANKING
Privilege banking
Privilege banking advantages
Privilege banking disadvantage
Types of privilege bank.
ISLAMIC BANKING
Islamic banks operate based on Islamic principles rather than as money lending institutions. They prohibit interest and instead require profit and loss sharing as well as permissible activities like partnership, sales, agency and rent. To function without interest, Islamic banks provide accounts that share profits and losses from investments rather than guaranteeing fixed interest returns. Islamic banking has expanded globally and differs from conventional banks in adhering to Islamic law.
FOLLOW ON PUBLIC OFFER
Follow on public offer
Meaning
Types of FPO
Diluted FPO
Non - diluted FPO
At - the market offering
Benefits
Advantages of FPO.
TRADE MARKS
This presentation introduces trademarks and their importance. A trademark is any sign that identifies goods from one enterprise and distinguishes them from competitors. Trademarks provide legal protection against fake products, allow customers to easily identify brands, and create goodwill. Essential features of trademarks include being distinctive, easy to pronounce, not descriptive, and satisfying registration requirements. There are different types of trademarks including word marks featuring words or letters, device marks representing logos or designs, service marks identifying services, and collective marks used by groups.
CROWD FUNDING
CROWD funding
Types of crowd funding
Donation crowd funding
Reward crowd funding
Equity crowd funding
Debt crowd funding
Advantages of crowd funding
INFLATION
Inflation is a worldwide phenomenon where commodity prices are rising and money values are falling. There are two main types of inflation: demand-pull inflation, which occurs when aggregate demand outpaces supply, and cost-push inflation caused by increases in production costs. Inflation can also be categorized by its speed as creeping, walking, running, or galloping depending on the annual growth rate of prices. In conclusion, inflation reduces consumer purchasing power and equilibrium as consumers must cut back on consumption.
VIDEO MARKETING
Video marketing
Strategies of video marketing
Benefits
Challenges of video marketing
How to make videos for business
INTEGRATION OF FINANCIAL MARKET
Integrated financial market
Financial integration
Types of strategies
Direct channel
Indirect channel
STARTUPS IN INDIA
The document provides an overview of startups in India, including key facts and figures as well as challenges. It discusses the three pillars of the National Flagship Initiative called Startup India, launched in 2015 by Prime Minister Narendra Modi, to promote entrepreneurship. These pillars include simplification, handholding, and funding support. It defines what qualifies as a startup and reasons for promoting startups, including generating employment and encouraging innovation. Some top Indian startups highlighted include Ola, Paytm, Oyo Rooms, and Zomato. Common challenges faced by startups are also listed, such as lack of innovation, funding, mentorship, and human resource issues.
ATM
An ATM, or automated teller machine, allows users to access their bank accounts to withdraw cash, check balances, and transfer funds without needing to visit a bank branch. ATMs are installed by banks in various locations and allow any user to withdraw funds from their account, regardless of which bank owns the ATM. Transactions may be subject to fees depending on the bank and number of transactions in a month. To use an ATM, a user inserts their debit card and enters their PIN to access a menu of transaction options on screen. Following the on-screen instructions, a user can withdraw cash, deposit funds or checks, and check their account balance.
NABARD
NABARD
Functions of NABARD
Long term refinance
Interest rates
Developmental functions
Supervisory functions
Government sponsered schemes
NABARAD'S initiatives
UPI
UPI is a payment system that allows users to link multiple bank accounts to a single smartphone app to transfer funds without needing account numbers or IFSC codes. It offers instant payments through a virtual payment address with authentication using the mobile phone and a 4-6 digit PIN. UPI aims to simplify online payments with a single interface across all NPCI systems while improving security by eliminating the need to share sensitive bank details with others.
National pension scheme
The document discusses the National Pension Scheme (NPS) in India. NPS is a social security program open to both public and private sector employees between 18-60 years old, except armed forces personnel. It is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). To open an NPS account, one can visit a point of presence like a bank or post office either offline or online. A Permanent Retirement Account Number (PRAN) is issued upon registration. There are two tiers of accounts - Tier 1 offers tax benefits and matures at age 60, while Tier 2 is voluntary and does not provide tax benefits. The document outlines the fund managers in the government and non
Green banking
Green banking
Meaning
Features of green banking
Sources of green banking
Green banking products
Benefits and challenges.
Crypto Currency
Crypto currency
Types of crypto currency
Crypto currencies are legal
Crypto currencies are safe
Advantages of crypto currency
Most popular crypto currency.
More from Sundar B N (20)
Capital structure theories - NI Approach, NOI approach & MM Approach
Capital structure theories - NI Approach, NOI approach & MM Approach
Sample and Population in Research - Meaning, Examples and Types
Sample and Population in Research - Meaning, Examples and Types
Application of Univariate, Bivariate and Multivariate Variables in Business R...
Application of Univariate, Bivariate and Multivariate Variables in Business R...
Recently uploaded
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama UniversityAkanksha trivedi rama nursing college kanpur.
Natural birth techniques are various type such as/ water birth , alexender method, hypnosis, bradley method, lamaze method etcChapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptxMohd Adib Abd Muin, Senior Lecturer at Universiti Utara Malaysia
This slide is special for master students (MIBS & MIFB) in UUM. Also useful for readers who are interested in the topic of contemporary Islamic banking.
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)Academy of Science of South Africa
A workshop hosted by the South African Journal of Science aimed at postgraduate students and early career researchers with little or no experience in writing and publishing journal articles.Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...National Information Standards Organization (NISO)
This presentation was provided by Steph Pollock of The American Psychological Association’s Journals Program, and Damita Snow, of The American Society of Civil Engineers (ASCE), for the initial session of NISO's 2024 Training Series "DEIA in the Scholarly Landscape." Session One: 'Setting Expectations: a DEIA Primer,' was held June 6, 2024.The History of Stoke Newington Street Names
Presented at the Stoke Newington Literary Festival on 9th June 2024
www.StokeNewingtonHistory.com
How to Manage Your Lost Opportunities in Odoo 17 CRM
Odoo 17 CRM allows us to track why we lose sales opportunities with "Lost Reasons." This helps analyze our sales process and identify areas for improvement. Here's how to configure lost reasons in Odoo 17 CRM
A Strategic Approach: GenAI in Education
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
What is the purpose of studying mathematics.pptx
Students often ask about what the purpose is for their learning. This PowerPoint highlights some really important reasons to study Mathematics.
The Diamonds of 2023-2024 in the IGRA collection
A review of the growth of the Israel Genealogy Research Association Database Collection for the last 12 months. Our collection is now passed the 3 million mark and still growing. See which archives have contributed the most. See the different types of records we have, and which years have had records added. You can also see what we have for the future.
Top five deadliest dog breeds in America
Thinking of getting a dog? Be aware that breeds like Pit Bulls, Rottweilers, and German Shepherds can be loyal and dangerous. Proper training and socialization are crucial to preventing aggressive behaviors. Ensure safety by understanding their needs and always supervising interactions. Stay safe, and enjoy your furry friends!
Thesis Statement for students diagnonsed withADHD.ppt
Presentation required for the master in Education.
clinical examination of hip joint (1).pdf
described clinical examination all orthopeadic conditions .
How to Add Chatter in the odoo 17 ERP Module
In Odoo, the chatter is like a chat tool that helps you work together on records. You can leave notes and track things, making it easier to talk with your team and partners. Inside chatter, all communication history, activity, and changes will be displayed.
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS Template 2023-2024 by: Irene S. Rueco
PCOS corelations and management through Ayurveda.
This presentation includes basic of PCOS their pathology and treatment and also Ayurveda correlation of PCOS and Ayurvedic line of treatment mentioned in classics.
Recently uploaded (20)
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Natural birth techniques - Mrs.Akanksha Trivedi Rama University
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
Chapter 4 - Islamic Financial Institutions in Malaysia.pptx
South African Journal of Science: Writing with integrity workshop (2024)
South African Journal of Science: Writing with integrity workshop (2024)
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
Pollock and Snow "DEIA in the Scholarly Landscape, Session One: Setting Expec...
How to Manage Your Lost Opportunities in Odoo 17 CRM
How to Manage Your Lost Opportunities in Odoo 17 CRM
Digital Artefact 1 - Tiny Home Environmental Design
Digital Artefact 1 - Tiny Home Environmental Design
Thesis Statement for students diagnonsed withADHD.ppt
Thesis Statement for students diagnonsed withADHD.ppt
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
RPMS TEMPLATE FOR SCHOOL YEAR 2023-2024 FOR TEACHER 1 TO TEACHER 3
E-Banking services
- 1. Under The guidance of Sundar B.N Asst Proff. & course co-ordinator Post-graduation studies in commerce G. F. G. C. W Holenarsipura Bhoomika G.K 1st M.Com
- 2. 1. Internet banking also known as online banking. 2. E-banking or virtical banking is an electronic payment system 3. that enables customers of a bank or other financial institution to conduct a range of financial transaction 4. through the financial institutions website
- 4. Automated teller machine are electronic devices That enables the customer of bank to conduct financial transaction Without the help of the bank staff
- 5. It is a system fund can be transfer electronically from one bank to another bank Real time means transfer money (fund ) immediately without waiting Gross settlement means transaction another branch or netted with any other transaction
- 6. This is system transfer of money between different account Through computer generated system Rather than use of cheque and Cash
- 7. Bank allows the customer to conduct financial transaction over the phone Through the phone banking the customer can get information about his account
- 8. Under this services the customers can Can conduct banking transaction over the internet
- 9. If is system fund can be transfer electronically anywhere Across the country NEFT settlement takes place 6time a day during the week day
- 10. Debit cards The debit card replace cash while making payment during purchase Credit cards When someone uses a credit card to make a purchase. That person account Accues a balance that must be paid Off each month
- 11. It is available 24 hours a day and 7days a week our can send money and time Through this you can check balance and online transactions any time on need to revolve transactions any time on need With online banking or net banking payment of bills or ticket booking become easy Find transfer loan application with internet banking can be done with records
- 12. For net banking internet connection required To use internet banking basic knowledge of computer and internet is must be in order If internet speed is slow server is downs then online transaction is not possible If yous password or pin id comes is wrong hand it can be misuse
- 13. Online banking is just like normal banking With one big exception You don’t have to go to the bank for transaction Instead you can access your account any time and from any part of the world And do so when we have the time and not when the bank is open
- 14. Author – maidavolu narasimham https://link.springer.com/chapter/10.1007/978-0-387- 75734-6_7
- 16. SBI Parliament RBI merchant association
- 17. Offline e –banking Online e –money Cash money None of the above
- 18. Cash Cheque Both of the above None of the above
- 19. 1 RBI 2 Online e –money 3 bothe of the above