Internet banking began in 1981 when four major New York City banks offered online banking services. Internet banking allows customers to view accounts, pay bills, transfer funds, and manage finances online. It provides advantages like lower costs, faster transactions, and 24/7 access but also poses security, technical, and learning challenges. The Reserve Bank of India established guidelines around technology, legal, and regulatory issues to promote secure internet banking in India.

1. PRESENTATION ON
INTERNET BANKING
By
Laxmi Kant Yadav Mani Prakash Singh
Roll no-BM-015133 Rollno-BM-015135
Madhav Thareja Manish Kr Tiwari
Roll no-BM-015134 Rollno-BM-015136


2. Contents
History
Definition
Services
Advantages
Disadvantages
Challenges
Main concerns
Guidelines of IB
Conclusion

3. History
 Online services started in New York in 1981 when four
of the city’s major banks offered internet banking
services :
 Citibank
 Chase Manhattan
 Chemical
 Manufactures Hanover

4. DEFINITION
• A system of banking in which customers can view
their account details, pay transfer money by means of
the internet.
• The remote delivery of new and traditional banking
products and services through electronic delivery
channels.

5. Services
 Bill payment
 Schedule payment in advance
 Transfer funds
 Manage all accounts in one place
 View images of your cheque online
 Order a check book
 Track your payment history
 Shopping

6. Advantages
 Cost less
 High transaction speed
 Efficiency
 Speed banking
 Vast coverage
 24 hour banking services

7. Disadvantages
 Security
 Learning difficulties
 Lack of skilled personnel
 Technical breakdowns
 Long start up time

8. Challenges
 Demand side pressure due to increasing access to low
cost electronic services.
 Emergence of open standards for banking
functionality.
 Growing customer awareness and need of
transparency.
 Global players in the fray

9. Main concerns
 Firewalls and filtering routers ensure that only the
legitimate Internet users are allowed to access the
system
 Encryption techniques used by the bank (including
the sophisticated public key encryption) would ensure
that privacy of data flowing between the browser and
the Infinity system is protected.

11. Guidelines of Internet banking
Reserve Bank of India had set up a ‘Working Group on
Internet Banking’ to examine different aspects of
Internet Banking (I-banking). The Group had focused
on three major areas of I-banking.
 Technology and security issues
 Legal issues
 Regulatory and supervisory issues

12. CONCLUSION
 The strategy of bank is to provide value added services
and products to the consumer, utilizing the internet
extensively.
 The main aim of E-banking is to making transactions
through online poses and make customer more
beneficial
 Most of the Indian populations are salaries employees
who do not have that volume of transaction that can
be used for online transaction.