ONLINE

BANKING

Submitted to: Submitted by:

Regional Jaspreet
Institute of Singh
Cooperative Inspector
Management, (Audit)
Chandigarh Roll No. 95
Presented by Jaspreet Singh
 Definition:

Online banking or E-banking is an electronic

payment system that enables to conduct
financial transactions on a website.
First Online Banking in the-

United States:
Online banking was first introduced in the early 1980s in New York.
Four Major Banks- Citibank, Chase Manhattan, Chemical and
Manufacturers Hanover offered home banking services.

U.K.:
It was set by Bank of Scotland for customers of the Nottingham
Building Society (NBS) in 1983.

India:
ICICI bank is the first one to introduced in 1994.

Presented by Jaspreet Singh

Different types of
Online Banking

Presented by Jaspreet Singh

CBS (Core Banking Solutions)
Core Banking is networking of branches, which enables Customers to
operate their accounts, and avail banking services from any branch network.
The Customer is no more the customer of a particular branch. He becomes
the customer of Bank.

Presented by Jaspreet Singh

INTERNET BANKING
Internet banking is a service that allows customers to access and
perform financial transactions on their bank accounts from their
web enabled computers with Internet connection to banks' web
sites any time they wish.

PERSONAL CORPORATE

Presented by Jaspreet Singh

 ATM Banking
An automated teller machine (ATM) is an electronic banking outlet that allows
customers to complete basic transactions without the aid of a branch
representative or teller. Anyone with a credit card or debit card can access most
ATMs.
 Deposits  Transfer Funds
 Withdraw Funds  Check Balance
Debit Cards Credit Cards
Payments Buy now, pay now Buy now, pay later
Interest Charges No charges apply Charges apply
Fees Annual fees Annual fees and Fees and
penalties can be imposed if
payments are not timely

Other Potential  No risk of losing cash Freebies sometimes offered.

Benefits that you cannot replace. You can manage your credit
Easier and faster than card by paying your bill on time.
writing a cheque.

Presented by Jaspreet Singh

 MOBILE BANKING
Mobile banking refers to the use of a smartphone or other
cellular device to perform online banking tasks while
away from your home computer.
 Mobile banking is accessed through an application.

 It typically requires one to download the mobile

banking application from the respective bank.

Presented by Jaspreet Singh

Presented by Jaspreet Singh
 TELE BANKING
Tele banking is a service provided by a bank or other
financial institution, that enables customers to perform over the
telephone a range of financial transactions which do not involve
cash or documents (such as cheques), without the need to visit a
bank branch or ATM. Telephone banking times are usually longer
than branch opening times, and some financial institutions offer
the service on a 24-hour basis.

Obtaining account balances

 List of latest transactions
 Electronic bill payments
 Funds transfers

Presented by Jaspreet Singh

 SMART CARD
A smart card, chip card, or integrated circuit
card (ICC), is a credit card sized card with an
embedded integrated circuit. Smart cards are
typically made of plastic. Many smart cards include
a pattern of metal contacts to electrically connect to
the internal chip. Others are contactless, and some
are both. Smart cards can provide
personal identification, authentication, data storage,
and application processing.

Presented by Jaspreet Singh

 KIOSK BANKING
A kiosk (pronounced KEE-ahsk) is a small, free-standing
physical structure that displays information or provides a
service.

This is the latest development on the remote banking front, also

known as “Touch Screen” banking. A kiosk is a self-service
banking terminal that can be operated with both debit and
credit cards. The Debit/Credit card can be swiped at against the
card reader at the kiosk.

 Account Summary/Enquiry,
 Cheque book request,
 Printing passbook,
 Account statement,
 Cash deposit/ withdrawal
 Fund transfer etc.

Presented by Jaspreet Singh

Presented by Jaspreet Singh