E-banking
E-Banking
INTRODUCTION
A sound and effective banking system is the backbone of an economy. The economy of a country can function smoothly and without many hassles if the banking system backing it is not only flexible but also capable of meeting the new challenges posed by the technology and other external as well as internal factors. channel. The technology holds the key to the future success of Indian Banks.. The existence of Electronic banking also becomes inevitable due to the standards required to be matched at the international level. Thus, the domestic as well as the international standards mandates the adoption of Electronic banking which is an activity carried through computer and other electronic means of communication.
Technology is enabling banks to provide the convenience of anytime-anywhere-banking. Banks are now reengineering the way in which their services can be reached to their customers by bringing in flexibility in their "distribution channels". The earlier brick-and-mortar branch is no longer sufficient; technology is now taking banks to the homes or offices, 24 hours a day, 365 days a year through ATMs, phone banking and PC banking. The financial supply chain is undergoing a fundamental strategic change.
Services of E- Banking
Though any type of transaction can be handled through E-banking in the initial phase most of banking transactions can be performed conveniently through internet banking. The following are the services available
Account Enquiry
Fund Transfer
Payment of Electricity , Water , Telephone bills etc.,
Online payment for transactions actually performed through internet
Request for issuance of cheque book, draft, etc,.
Statement of accounts
Access to latest schemes
Access to rates of interest and other service charges
Advantages/Benefits of E-Banking
Round the clock Banking: E-Banking facilitates performing of basic banking transactions by customers round the clock globally.
Convenient Banking:
INTRODUCTION
A sound and effective banking system is the backbone of an economy. The economy of a country can function smoothly and without many hassles if the banking system backing it is not only flexible but also capable of meeting the new challenges posed by the technology and other external as well as internal factors. channel. The technology holds the key to the future success of Indian Banks.. The existence of Electronic banking also becomes inevitable due to the standards required to be matched at the international level. Thus, the domestic as well as the international standards mandates the adoption of Electronic banking which is an activity carried through computer and other electronic means of communication.
Technology is enabling banks to provide the convenience of anytime-anywhere-banking. Banks are now reengineering the way in which their services can be reached to their customers by bringing in flexibility in their "distribution channels". The earlier brick-and-mortar branch is no longer sufficient; technology is now taking banks to the homes or offices, 24 hours a day, 365 days a year through ATMs, phone banking and PC banking. The financial supply chain is undergoing a fundamental strategic change.
Services of E- Banking
Though any type of transaction can be handled through E-banking in the initial phase most of banking transactions can be performed conveniently through internet banking. The following are the services available
Account Enquiry
Fund Transfer
Payment of Electricity , Water , Telephone bills etc.,
Online payment for transactions actually performed through internet
Request for issuance of cheque book, draft, etc,.
Statement of accounts
Access to latest schemes
Access to rates of interest and other service charges
Advantages/Benefits of E-Banking
Round the clock Banking: E-Banking facilitates performing of basic banking transactions by customers round the clock globally.
Convenient Banking: