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.

1. B Y K U D A L K A R P U R V A S H E K H A R
M M S 1 S T Y E A R
ONLINE BANKING
Sahayadri institute of management and research

2. CONTENTS
INTRODUCTION
VARIOUS FORMS OF ONLINE BANKING
REQUIREMENTS FOR ONLINE BANKING
PROCEDURE OF ONLINE BANKING
FEATURS
ADVANTAGES
CONCLUSION

3. INTRODUCTION
 Online banking is also known as internet banking,
e-banking , or virtual banking.
 It is an electronic payment system that enables
customers of a bank to conduct a range of financial
transactions.
 The online banking will typically connect or be a
part of the core banking system which is in
contrast to branch banking.

4. VARIOUS FORMS OF ONLINE BANKING
 Automated teller machine
 Tele banking
 Debit card
 Direct deposit
 Electronic bill payment

5. Requirements for online banking
o Internet access
o Registration with institution
o Authorized website
o User name and password

6. PROCEDURE OF ONLINE BANKING
Online banking investigates the entry threshold
providing a new transaction service channel for the
use of normal users, Organizations and
Academicians.
 Customer must have a valid user id and password to
login to the system.
 If a wrong password is given in succession, that
account will be locked and the customer will not be
able to use it.

7.  After the valid user logs in he is shown the
list of accounts he has with the bank.
 On selecting the desired account he is taken
to a page which shows the present balance in
that particular account number.
 User can request for the details of the last ‘n’
number of transactions that he has performed.

8. FEATURS
The key features are as follows :
 Balance and transaction history search
 E statements and statement preferences
 Order new statements
 Transfers
 Pay bills with BPAY
 Receive bills online with BPAY view

9. ADVANTAGES OF ONLINE BANKING
 Permanent access to the bank
 Lower Transaction Costs
 Access anywhere using mobile or computer
 Less time consuming
 Very safe and secure method
 Helps to transfer the money immediately and
accurately
 Easy to use

10. CONCLUSION
 The strategy of bank is to provide value added
services and products to the consumers, utilizing the
internet extensively.
 The main aim of E-banking or online banking is to
make transactions through online processes and
provide customers with more benefits.
 Providing internet banking is increasingly becoming
a “need to have” than “nice to have” services.