1. PAPER PRESENTATION ON
INTERNET BANKING
PRESENTED BY
SURESH KUMAR
ASST. PROFESSOR

2. INTERNET BANKING
INTRODUCTION
Internet banking refers to
the
banking
services
provided by the banks over
the internet
E-Banking includes:
Paying of bills
Fund Transfer
Viewing Account Statement etc…

3. FEATURES OF
INTERNET-BANKING
 Removes traditional geographical barriers
 Security of banking transaction
 Efficient and cost effective delivery mechanism
 Enable to perform non-transactional tasks
 Enable to transact banking task

4. TO ACCESS
ON-LINE BANKING
 Go to the financial institution’s website enter the
online banking facility and use the customer
number and password…

5. EXPERIENCE OF VARIOUS COUNTRIES
AS FOR AS INTERNET BANKING IS
CONCERN…
 UK
Offers transactional services(through wider range of
channels)
 USA
Number of financial institution with
transactional web-sites is 1275

6. EXPERIENCE OF VARIOUS COUNTRIES
AS FOR AS INTERNET BANKING IS
CONCERN…
 SWEDEN
Swedbank was the first bank to introduce EBPP
(Handles 2million bill payment a month)
 AUSTRALIA
Web based and through the
provision of proprietary software
 INDIA
7% of the account holders are using E-banking
Source: Report by global management consultancy Mckinsey & company

7. TYPE OF RISK ASSOCIATED
WITH INTERNET BANKING
 OPERATIONAL RISK
 SECURITY RISK
 REPUTATIONAL RISK
 LEGAL RISK

8. ADVANTAGES OF E-BANKING
 CONVENIENCE
 AVAILABILITY
 EFFICIENT
 KEEPS ACCOUNT SAFE
 SERVICES
 MOBILITY

9. DISADVANTAGES OF
E-BANKING
 Usage difficult for beginner
 Without internet e-banking may not useful
 Security of transaction is big issue
 Password security is a must
 Incase of
 loss of internet connectivity
 slow connection
 bank server down- internet banking cannot be
useful

10. TIPS FOR SAFE BANKING
OVER THE INTERNET
 Confirm that an online bank is
legitimate
 Read key information about the bank
posted on its Web site and protect yourself
 Verify the bank’s insurance status
 To verify a bank’s insurance status, look for the familiar
FDIC logo
 You can search for an institution by going to the
FDIC’s home page at www.fdic.gov and selecting
“Is My Bank Insured?”

11. TIPS FOR SAFE BANKING
OVER THE INTERNET
 Learn how to safeguard your banking information,
credit card numbers, debit card pin numbers, Social
Security Number and other personal data.
 Where to file a complaint
 If you are not certain where to file your complaint, you
may contact any of the agencies listed below
 Federal Deposit Insurance Corporation:
www.fdic.gov/starsmail
 Office of the Comptroller of the Currency (e-mail):
customer.assistance@occ.treas.gov

12. CONCLUSION
Internet Banking is definitely a significant
more in right direction as for as the convenience
of customer and banker are concerned, but it
must be applied with adequate precaution to
avoid falling pray to unscrupulous elements
poaching the Internet

13. THANK YOU
HAVE A PLEASANT DAY