this a ppt on e-banking. it has all that i think is important for a 8th grader. this is made by most of the others also. thank you.

1. E-BANKING
A brief introduction and analysis of E-
banking

2. OBJECTIVES :-
 To learn what is E-banking.
 To comprehend its history.
 Features of e-banking.
 To know more about the modes or channels of e-
banking.
 To keep its limitations in mind.
 Benefits and drawbacks of e-banking.
 To acknowledge its merits and demerits.

3. WHAT IS E-BANKING ?
E-banking is a fast and efficient way of banking
through electronic means.
 It is a major innovation in banking and was paved
through an information revolution which
spearheaded E-commerce which finally led into the
start of E-banking.
 This type of banking is virtual and the user cannot
see the bank but can conduct banking transactions
and activities from anywhere in the world at any
time.

5. HISTORY OF E-BANKING
E-banking in its primitive form, dates back to the
1980’s,when it became popular for using a keyboard,
terminal or a TV to access the banking system using
a phone line.
 Stanford federal credit union was the first to give e-
banking services to its members in 1994.
 Later, this idea was adopted by many other banks but
made the services public.

6. FEATURES OF ONLINE
BANKING:
 Bank statements
 Electronic bill payment
 Funds transfer between customer’s own accounts or
another’s customer’s account
 Investment purchase or sale
 Loan applications and transactions such as
repayment
 Account aggregation

7. TYPES OF VIRTUAL
BANKING SERVICES
Major types of Virtual banking services are:-
 Automated Teller machines (ATM)
 Smart cards
 Phone banking
 Home banking
 Internet banking

8. BOUNDARIES OF E-
BANKING
E-banking , although efficient and time-saving , is not
entirely safe and limitless.
 The cost of starting an e-banking application is huge
.
 Maintenance of ATMs and applications are a major
issue as it takes a long time for cash to reach into
ATMs and to update apps.
 Hackers can hack into bank accounts and launder
money.

9. APPROACHES OF E-
BANKING
 Dial-in Approach:- Requires customers to have
a separate finance software, so that they can do all the
process offline and connect to the banks just for
transactions.
 Internet Approach:- Customers have to directly
log on to their respective bank website and complete
all their financial work online.

10. BENEFIT OF E-BANKING
 Anytime banking ,and anywhere banking.
 Online Banking is much cheaper for the bank. A survey
says that Online Banking costs only 10% of branch
services.
 Reduction in cost of transaction
 Pay bills online there by saving postal services.
 Easy to make utility payment.
 Online purchases.
 The services are available seven days a week, 24
hours a day.

11. DRAWBACK OF E-BANKING
 Difficult in adoption technology.
 Fear of technology.
 High cost of technology.
 Lack of preparedness.
 Restriction on usage of technology.

12. MERITS AND DEMERITS OF E-
BANKING
Advantages
 Check account balances and
track recent account activity
 Transfer money between
accounts
 Authorize electronic bill
payments
 Apply for different types of
loans
Disadvantages
 Needs an account with an
Internet Service Provider
 Security :- Hacking
 Switching banks online is
more tiresome than
switching in person
 Must have basic computer
skills and Internet
knowledge

13. WHY SHOULD ONE
CHOOSE E-BANKING ?
 Stress on branchless banking decreases
 Increasing volume of banking transactions
makes it time-consuming to go to a bank in
person and complete all financial stuff.
 It provides us with cost effective services