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ShofiqUddin Khan+8801717552517Reg. no. 00682Online Banking
Definition"Online Banking" or "Internet Banking" is a term used for performing transactions, payments etc. over the Internet.
Online banking or Internet banking allows customers to conduct financial transactions on a secure website operated by their retail or virtualbank, credit union or building society. (Wikipedia)Types of  online BankingBasic Level Services.     Information About products and services.Simple Transactional Website.    Submit Application, Instruction but don't offer Fund based Transaction.Fully Transactional Website.     Transfer Funds, Payment of different bills, Subscribing to other products and sale and purchase of securities.
How do you do your banking?In person?
Online?
By phone?
Mobile banking?Using Online BankingAccount BalancesAccount ActivitiesTransfer FundsPay Bills
Is online banking really popular?Data from payments association Apacs show 21 million people used online banking last year, compared with 3.5 million early adopters in 2000.
According to Alexa, the list of 100 most popular websites in India has 4 websites that are of top most banks in India.
www.icicibank.com - Rank 27, ICICI Bank
www.hdfcbank.com - Rank 34, HDFC Bank
www.onlinesbi.com - Rank 98, State Bank of India
www.citibank.co.in - Rank 100, Citi BankProducts and ServicesElectronic Fund transferIn Electronic fund transfer mostly we use ATM and Banks website.Personal Computer bankingAccount summary, Request cheque books, Payment of Utility billsPhone BankingBy using phone you can make payments.Person to person paymentIt also known as email money transfer.
In 2004, 75% of banks had websites
Out the of 75%, 62% had online banking capabilities. Why is online banking greater in the East and West as oppose to the center of the nation?
Doing online bankingLarger banks adopt online banking
96% of banks with assets over $300 million reported that they had a Website, compared to only 51 percent of banks with assets under $100 million.Why online banking?For the bank:
Cost saving
Reduces marginal cost per transaction.
For the client:
Convenience

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