| Internet Banking, the new phenomenon that has | | | | available Online have vastly increased. SBI Banking |
| brought the banks into our homes and on our | | | | never sends mails to you for matters of security and |
| computer screens. Internet Banking or Online banking is | | | | also they have a 128 bit security system in place. One |
| a delivery system by which one can conduct their | | | | can thus, always conduct their banking transactions |
| banking activity for whatever kind of purpose required. | | | | 24/7 Online safely. |
| Almost every kind of banking services can be | | | | But Online banking can be tricky and problematic at |
| executed and performed over the internet such as | | | | times both for the bank as well as the client. A small |
| transferring funds from one account to another or | | | | glitch in the system can cause accounting problems |
| even one bank to another, paying bills, to check and | | | | and drastic changes in the accounting statements. A |
| keep a tab on current and savings account balance's | | | | consumer typing in a wrong or incorrect amount or |
| Online and that too whenever the need arises day or | | | | clicking on the wrong button can easily lose his/her |
| night, paying mortgages, purchasing financial | | | | savings in a matter of seconds. Internet banking in India |
| instruments and making deposits Online as well is | | | | still needs some time to get into the culture as it is |
| possible. | | | | mostly popular in the metros than in the rural areas. |
| Online Banking has various advantages for the Banks | | | | The websites needs to be constantly monitored and |
| as well as for the consumers. Acces to the more elite | | | | updated which requires more manpower and funds on |
| and sophisticated clientele is a major draw. The larger | | | | behalf of the banking authorities. The 'Man-to-Man' |
| the consumer base, the more sense Online banking | | | | touch is also missing from Online banking. Some |
| makes. SBI Banking has a fairly established network | | | | Bankers prefer to have their clients meet up with them |
| and has many clients who manage their finances | | | | and the interaction could result in a trusting and loyal |
| Online. Many consumer prefer to conduct banking | | | | client. But now the consumer can transfer all his |
| transactions Online rather then go to the bank, stand in | | | | money to another bank with just a click. Any kind of |
| the queues and get their work done. On the Internet, | | | | personal information in the wrong hands can cause a |
| the transactions can be performed instantly and many | | | | lot of trouble for the concerned person. |
| consumers want and prefer this service. This demand | | | | Online banking has its dangers and its faults and also it |
| is being tried to be catered by the axis bank net | | | | has its advantages as well. But Online banking has |
| banking which is trying to take advantage and gather | | | | become a necessity in this fast paced technology |
| more customers with more innovative deals and | | | | driven world where fortunes are lost and made in a |
| services. Axis Bank also offers services like mobile | | | | matter of seconds. Online Banking needs to be more |
| banking and also tele-banking. | | | | popularised and be made user friendly. Any complaints |
| There are various advantages for the consumer as | | | | should be disposed off with speedy solutions. The |
| well such as Online speedy transactions are always | | | | Bank has to guide its clients into Online banking and |
| there whenever and wherever you want them. Online | | | | give them space and time to get used to this |
| banking platform has been made much more | | | | phenomenon. |
| user-friendly now and the number of banking services | | | | |