Practical Banking
PRACTICAL BANKING
PROJECT
TOPIC: ONLINE BANKING
BY:
KRANTHI KUMAR KATAM(12BEC0067)
LOKESH NARRAVULA(12BEC0623)
ABDUL(12BEC0)
ABSTRACT:
Online banking also called Internet banking can be defined as performing financial transactions over the Internet through a bank’s website. Online banking provides many advantages to consumers. Consumers can access data any time, anywhere irrespective of location and hours of operation of the bank. Customers are not the only beneficiary of this new service. Making use of online banking, commercial banks may greatly increase the market coverage and better track customers. Though it sounds like a win-win situation for both the parties still online banking is not that prevalent, in spite of the wide spread of personal computers and internet service.
A questionnaire will be utilized to survey approximately 225 people. We would like to have a representative sample from people of different race, age, gender, occupation, income group etc. Although Internet banking service is being offered to personal and business clients, in our research study, data will be collected from personal respondents only. Our research would have a significant contribution for the banks in streamlining their online banking customers. It would throw some light on the types of customers who bank online. So banks can focus their online marketing strategies on those customers.
LOCATIONS COVERED:
1. HYDERABAD
2. THIRUPATHI
3. MADANAPALLI
How many Bank Accounts do you have?
Number of Accounts Per Person
Number of people
Percentage %
1 Account
132
58.66%
2 Accounts
96
42.66%
3 Accounts
15
6.67%
4 Accounts
9
4%
5 Accounts
7
3.11%
6 Accounts
6
2.6%
The number of accounts maintained by people is estimated by the above statistics is observed among the three cities . we can observe the that the minimum of one account is maintained by each person
And about 42% of the people have 2 accounts and very few people have more than three accounts and at a maximum
PROJECT
TOPIC: ONLINE BANKING
BY:
KRANTHI KUMAR KATAM(12BEC0067)
LOKESH NARRAVULA(12BEC0623)
ABDUL(12BEC0)
ABSTRACT:
Online banking also called Internet banking can be defined as performing financial transactions over the Internet through a bank’s website. Online banking provides many advantages to consumers. Consumers can access data any time, anywhere irrespective of location and hours of operation of the bank. Customers are not the only beneficiary of this new service. Making use of online banking, commercial banks may greatly increase the market coverage and better track customers. Though it sounds like a win-win situation for both the parties still online banking is not that prevalent, in spite of the wide spread of personal computers and internet service.
A questionnaire will be utilized to survey approximately 225 people. We would like to have a representative sample from people of different race, age, gender, occupation, income group etc. Although Internet banking service is being offered to personal and business clients, in our research study, data will be collected from personal respondents only. Our research would have a significant contribution for the banks in streamlining their online banking customers. It would throw some light on the types of customers who bank online. So banks can focus their online marketing strategies on those customers.
LOCATIONS COVERED:
1. HYDERABAD
2. THIRUPATHI
3. MADANAPALLI
How many Bank Accounts do you have?
Number of Accounts Per Person
Number of people
Percentage %
1 Account
132
58.66%
2 Accounts
96
42.66%
3 Accounts
15
6.67%
4 Accounts
9
4%
5 Accounts
7
3.11%
6 Accounts
6
2.6%
The number of accounts maintained by people is estimated by the above statistics is observed among the three cities . we can observe the that the minimum of one account is maintained by each person
And about 42% of the people have 2 accounts and very few people have more than three accounts and at a maximum