What is Online Banling

1
(No Transcript)
2
What is Online banking

• Online banking refers to the process of
  banking
• carried out online using internet and
  computer
• terminal
• It is one of the latest innovation in the
  financial
• world that enables bank customers check
  account
• details such as balance, cheque status, etc.
  using
• computer terminal
• Customers are not required to visit the banks
  branch
• office
• They can check their account details on any
  computer
• connected to internet

3
How to do Internet Banking?

• Several banks provide online banking
  facilities
• to their customers free of charge, or for
  a small
• one-time fee
• To subscribe to this service
• Register with the banks office for Internet
  Banking
• facility
• Submit the valid KYC documents
• Wait till the username and password is generated
• Once login credentials are generated, log into
  the
• banks website to access the facility

4
Services provided with Internet Banking

• There are several services provided by
  banks through
• internet banking facility. Some of the key
  services provided
• include
• Payment of Bills
• Zero Cost fund transfer between bank accounts
• IMPS facility for money transfer
• Money tracking facility
• Facility to book fixed deposits and recurring
  deposits

5
Advantages of net banking

• There are several advantages of using this
  service.
• A few major ones include
• Cost less
• Saves time
• Efficient
• Extensive coverage
• Speed of transactions

6
THANK YOU