What is INTERNET BANKING?

Internet banking is an electronic system which enable the cusTomers to conduct transactions in bank's Website and perform activities, such as maintaining his account, transferring money, passing bills, etc. It is safe, secure but only things required is that the customer have the Internet connections, computer or Mobile. Online banking was first introduced in the early 1980s in New York, United States.[6] Four major banks — Citibank, Chase Bank, Chemical Bank and Manufacturers Hanover — offered home banking services.

Features:

1. Bank customers can transact banking tasks through online banking, including:
   Funds transfers between the customer's linked accounts
   Paying third parties, including bill payments (see, e.g., BPAY) and third party fund transfers (see, e.g., FAST)
   Investment purchase or sale
   Loan applications and transactions, such as repayments of enrollments
   Credit card applications
   Register utility billers and make bill payments
2. A bank customer can perform non-transactional tasks through online banking, including:

   Viewing account balances

   Viewing recent transactions

   Downloading bank statements, for example in PDF format

   Viewing images of paid cheques

   Ordering cheque books

   Download periodic account statements

   Downloading applications for M-banking, E-banking etc.
3. Personal financial management support, such as importing data into personal accounting software. Some online banking platforms support account aggregation to allow the customers to monitor all of their accounts in one place whether they are with their main bank or with other institutions.