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1. Why did we choose Internet bankingINTERNET BANKING?? is becoming more and more To provide morepopular among the masses. Quality Information on Internet Make the concept andBanking. To warn against its negative effects.procedure more familiar.
Internet banking means any user with a personal computer2. and a browser can get connected to his bank’s website to perform any of the virtual banking functions: Balance enquiry. Transfer of funds. Online payment of bills. Accrued interest, fees and taxes. Transaction details of each account. Accounts, credit card & home loan balances. Transfer funds to third party accounts you nominate. Open a deposit right from the terminal you are sitting at.
The concept of Internet banking has beensimultaneously evolving3. with the development ofthe World Wide Web. Programmers working onbanking data bases came up with ideas for onlinebanking transactions, sometime In 1983, the Nottingham BuildingSociety, commonlyduring the 1980s. abbreviated and referred to asthe NBS, launched the first Internet banking servicein United Kingdom. This service formed the basis formost of the Internet banking facilities thatfollowed. The facility introduced by NottinghamBuilding Society is said to have been derived from asystem known as Prestel that is deployed by thepostal service department of United Kingdom.
4. History In India•ICICI was the first bank to initiate the Internet BankingRevolution in India as early as 1997 under the brand nameInfinity.• ICICI kicked off online banking way back in 1996. Buteven as a whole, 1996 to 1998 marked the adoptionphase, while usage increased only in 1999-due to lower ISPonline charges, increased PC Penetration and a TechFriendly atmosphere.
Before you can access your5. How to access Internet Banking? account online, you’llneed to register with your bank for Your bank will give you a registration numberor loginInternetbanking. ID. You’ll also need a password (IPIN).Your Internet password
Internet banking means any user with a personal computer2. and a browser can get connected to his bank’s website to perform any of the virtual banking functions: Balance enquiry. Transfer of funds. Online payment of bills. Accrued interest, fees and taxes. Transaction details of each account. Accounts, credit card & home loan balances. Transfer funds to third party accounts you nominate. Open a deposit right from the terminal you are sitting at.
The concept of Internet banking has beensimultaneously evolving3. with the development ofthe World Wide Web. Programmers working onbanking data bases came up with ideas for onlinebanking transactions, sometime In 1983, the Nottingham BuildingSociety, commonlyduring the 1980s. abbreviated and referred to asthe NBS, launched the first Internet banking servicein United Kingdom. This service formed the basis formost of the Internet banking facilities thatfollowed. The facility introduced by NottinghamBuilding Society is said to have been derived from asystem known as Prestel that is deployed by thepostal service department of United Kingdom.
4. History In India•ICICI was the first bank to initiate the Internet BankingRevolution in India as early as 1997 under the brand nameInfinity.• ICICI kicked off online banking way back in 1996. Buteven as a whole, 1996 to 1998 marked the adoptionphase, while usage increased only in 1999-due to lower ISPonline charges, increased PC Penetration and a TechFriendly atmosphere.
Before you can access your5. How to access Internet Banking? account online, you’llneed to register with your bank for Your bank will give you a registration numberor loginInternetbanking. ID. You’ll also need a password (IPIN).Your Internet password