E-BANKING

Electronic Banking means electronic system for banking transaction(Front office computerization) and/or internal accounting and book keeping(Back Office computerization), instead of using the traditional manual system of banking. E-banking also covers the provision of information about a bank and its services via home page on the World Wide Web(WWW). More sophisticated e-banking service provide different accounts, and making payments or applying for loans via e-channels. It may also include the decision support system for various levels of mangement and marketing.cross selling through electronic medium. Electronic Banking is an umbrella term for  the process bt which a customer may perform banking transaction electronically without visiting banks. The term refer to one for or another of electronic banking like; personal computer (PC) banking, Internet Banking, Virtual banking, online banking, home banking, remote electronic banking, anywhere/anytime/any branch banking, phone banking and e-remittance.  Electronic Banking is one of the latest trends in World banking scenario. Many banks and ther FIS have laredy implemented or are planning to implement e-banking because of the numerous potential benefits associated with it. Electronic banking has enabled banks to improve their customer service quality by speeding up mist the routine banking transaction and by provding anywhere and anytime bankng. New banking channel have opened up in the form of ATM's Tele-Banking.

ATM( AUTOMATED TELLER MACHINE)

The growth of technology has changed the payment systems world over during the past decades. The introduction of Automated Teller Machine has given facility to the bank customers for beyond the banking hours. ATM is cash rending teller machine. This helps a bank customer to withdraw moaney fro his account without having to go the bank. ATM is a user friendly, computer driven system, which operate 24 hours a day and seven days in a week. ATM is a computerized telecommunications device thet provide the clients of a financial institution with acess to financial transactions in public spece without the need for a cashier, human clerk or bank teller. ATMs eliminate the need to enter a bank for basic transactions and allow access to accounts at machines. A totally menu driven system, it plays easy to follow step by step instruction for the customer. ATM can be accessed by the customer by using of ATM Cards.

ATM CARDS:- ATM card is small palstic card around 8.5 cm by 5.5 cm. It has The name and the account number of the honder ans sepcimen signature panel con the reserve.

                     

DEBIT CARD:- Card holder can enjoy the withdrawl facility up to the balance available on   his account.

CREDIT CARD:- Card holder can purchase goods and serviced up to specified limit and it must be repaid with in the specified period generelly 30 to 45 days. Many

card issuer(banks)also allow withdrawals of cash for emergency purpose and levy a  service charge for such withdrawals.