Net Banking solutions by ABN AMRO Bank and ICICI bank

August 27, 2009 by admin  
Filed under Banking

Net Banking solutions offered by both ABN AMRO Bank and ICICI are rated as the best in the segment. Loaded with the best services, these banking organisations are best when it comes to providing Online banking services.

Undoubtedly, Online banking has surfaced as a boon for the Indian banking customers. This changed aspect of banking functionality has helped the banking institutions big time in strengthening their business ties & relationship with customers.

But before delving any further it is important to know what actually is net banking?? Net Banking is nothing but the Online issuance and provision of banking solutions & services to the end-customer. Quite obviously, Internet banking fulfils every criteria of the most sophisticated yet hassle-free facility that offers people a kind of direct access to their bank accounts and other related solutions just by sitting at a place.

Presently, the Online channel of providing banking service has caught the fancy of almost every organisation which is established or is willing to foray into this segment. Leading banks like ABN AMRO Bank and ICICI have their Online banking solutions provider platform that caters to the demand of their Online users, round the clock.

Factually speaking, ICICI Bank has got an Interactive net banking website that provides the real-life banking experience to the customer.

On the other hand, the ABN AMRO bank allows its customers to perform RTGS Fund transfers and even 3rd Party ABN AMRO Fund Transfers. That is not all, the bank even disburse rewards to their customers via Online too.

To add more to it, both of these banks knew that customers transacting Online also has the fetish of shopping Online only which is why these two banks even has some rewarding offers for their customers in their kitty.

What more, as a customer of ABN AMRO bank or the ICICI Bank, you can also pay your mobile, Internet, shopping and other bills Online. These days both of these banks facilitate Income tax return payment too thus, simplifying the tedious tax payment process to a large extent. Also it cuts down on needless time consumption and brings about a rare smile on the face of payers who find it hard to part with their hard earned money which they have to pay in form of tax.

The standard of service offered under the Online banking head of these two banks, is quite good since, the banks have made conscious attempts to make it a more interactive so that the whole banking thing does not loses the personal touch. Hence, this whole concept of net banking becomes more realistic.

However, be it ICICI or ABN AMRO Bank, the trend of performing banking functions via net has been catching pace which is a good news for customers as well as for interested business magnates since, that is the indication of the fact that the sector of banking is finally seeing some green shoots.

The author is a business writer specializing in finance and credit products and has written authoritative articles on many banks like axis bank, state bank of India.

Article Source:http://www.articlesbase.com/banking-articles/net-banking-solutions-by-abn-amro-bank-and-icici-bank-1162179.html

Bank – The home of money transactions

August 27, 2009 by admin  
Filed under Banking

In monetary term Banks are the backbone of the economy. They are the main source of money transaction in the world. The Bank is a oldest financial institution of the world.A bank is a financial institution licensed by a government. Its primary activities include borrowing and lending money. Many other financial activities were allowed over time. For example banks are important players in financial markets and offer financial services such as investment funds. In some countries such as Germany, banks have historically owned major stakes in industrial corporations while in other countries such as the USA banks are prohibited from owning non-financial companies. Each country has some own rule and regulations regarding the function of the bank.

Origin of the Bank
The name bank derives from the Italian word banco “desk/bench”, used during the Renaissance by Florentine bankers, who used to make their transactions above a desk covered by a green tablecloth. However, there are traces of banking activity even in ancient times.
Oldest Coin of the world

In fact, the word traces its origins back to the Ancient Roman Empire, where moneylenders would set up their stalls in the middle of enclosed courtyards called macella on a long bench called a bancu, from which the words banco and bank are derived.

The earliest evidence of money-changing activity is depicted on a silver drachm coin from ancient hellenic colony Trapezus on the Black Sea, modern Trabzon, c. 350-325 BC, presented in the British Museum in London. The coin shows a banker’s table (trapeza) laden with coins, a pun on the name of the city.

Bank – The Biggest Financial Institution

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Article Source:http://www.articlesbase.com/banking-articles/bank-the-home-of-money-transactions-1163706.html

Online Banking – 24 hours banking

August 26, 2009 by admin  
Filed under Banking

Online Banking is a new concept in the banking world. Internet Banking is a service that allows a user to perform banking activities at home through a secure website on his/her personal computer. Online banking allows customers to conduct financial transactions on a secure website through internet.

Features and functions of Online Banking
We can broadly categorized common features provided by the online banking in below -
* Transactional (e.g., performing a financial transaction such as an account to account transfer, paying a bill, wire transfer… and applications… apply for a loan, new account, etc.)
* Electronic bill presentment and payment – EBPP
* Funds transfer between a customer’s own checking and savings accounts, or to another customer’s account
* Investment purchase or sale
* Loan applications and transactions, such as repayments
* Non-transactional (e.g., online statements, check links, cobrowsing, chat)
* Bank statements
* Financial Institution Administration -
* Support of multiple users having varying levels of authority
* Transaction approval process
* Wire transfer
* Personal financial management support, such as importing data into personal accounting software.

History of Online Banking
The term online became popular in the late ’80s and referred to the use of a terminal, keyboard and monitor to access the banking system using a phone line. Online services started in New York in 1981 when four of the city’s major banks offered home banking services using the videotex system.

Security issue in Online Banking
Protection through single password authentication, as is the case in most secure Internet shopping sites, is not considered secure enough for personal online banking applications in some countries. Basically there exist two different security methods for online banking.  Online Banking – Bank at your door step

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Article Source:http://www.articlesbase.com/banking-articles/online-banking-24-hours-banking-1163715.html

Mobile Banking – Definition and advantages

August 26, 2009 by admin  
Filed under Banking

In today world Mobile Banking is a popular term. Mobile Banking means a financial transaction conducted by logging on to a bank’s website using a cell phone, such as viewing account balances, making transfers between accounts, or paying bills. It is a term used for performing balance checks, account transactions, payments etc. via a mobile device such as a mobile phone. In recent time Mobile banking is most often performed via SMS or the Mobile Internet but can also use special programs called clients downloaded to the mobile device.

Mobile Banking concept
In general term we can categorized the mobile banking below -
* Mobile Accounting
* Mobile Brokerage
* Mobile Financial Information Services

Most services in the categories designated Accounting and Brokerage are transaction-based. The non-transaction-based services of an informational nature are however essential for conducting transactions – for instance, balance inquiries might be needed before committing a money remittance.

Mobile Banking Services

Mobile banking can offer services such as the following:
* Mini-statements and checking of account history
* Alerts on account activity or passing of set thresholds
* Monitoring of term deposits
* Access to loan statements
* Access to card statements
* Mutual funds / equity statements
* Insurance policy management
* Pension plan management
* Status on cheque, stop payment on cheque
* Ordering check books
* Balance checking in the account
* Recent transactions
* Due date of payment (functionality for stop, change and deleting of payments)
* PIN provision, Change of PIN and reminder over the Internet
* Blocking of (lost, stolen) cards
* Domestic and international fund transfers
* Micro-payment handling
* Mobile recharging
* Commercial payment processing
* Bill payment processing
* Peer to Peer payments
* Withdrawal at banking agent
* Deposit at banking agent

Mobile Banking – Any time Anywhere Banking

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Article Source:http://www.articlesbase.com/banking-articles/mobile-banking-definition-and-advantages-1163722.html

ICICI Bank Credit Cards: tenders received Feasible Terms

August 26, 2009 by admin  
Filed under Banking

The main advantage of the realization of a map is that it is easy to carry and is also safe. What is most remarkable is that these cards with a certain line of credit, that pre-installed by the issuer. Anyone who uses, is also liable to repay the amount spent on their respective banks, with interest, within a specified period of time. Sometimes it is back with different offers, such as points “frequent flier, gift certificates and the offered money. Come to the market point of view, a number of banks have created an alternative payment system that may be. For example, credit cards Bank and ICICI Bank Credit Germans a great response from people because of their deals are varied and easily accessible. As for the race, except that it is a long list of lucrative offers emergency services worldwide, for life cards, discounts on travel, etc., it has, but also offers great deals such as EMI monthly payments, the insurance plans, like a family than it is flexible enough to support all members of your family. Sometimes it is exclusive discounts on branded products. Example, offers a 50% discount on shoes Reebok. In fact, ICICI Bank credit cards a wide range of almost all areas of sport, jewelry and food from places PVR .. One of the most famous offering, has created the titles for its long list of terms and conditions of profit as the Titan offers from golf. With this offer, anyone with an ICICI card can only be sustained by a guest from time to time. What is the value most is the fact that you want to have no limit to the number of days of each cardholder. Nor need reservation or cancellation fees. This map is easily accessible and can be booked only two days in advance. In addition to the services, there are also various other value-added, such as the payment account, health insurance, business services, etc. In contrast to the ICICI bank credit cards, some other banks have also come out with such these options with special offers. In this context, the German Credit Bank, which with a good atmosphere, the waves created in the market may occur. The most surprising of this card is that it makes available only the options of a loan. The user can now receive a loan or convert it to EMI. It is composed of DB EMI, also, that the participants are buying big, and helps him / her to return to help small flexible EMI. Apart from that, what is more surprising is the fact that does not require any documents. The length of the map, you can arbitrarily change can and, if necessary, and there is also the possibility, before closing, which can be made at any time. What is even more impressive is that no one, to one day a card, the application is not always necessary. You can also opt for one of the options online with a credit card. The main advantage of online banking is that it can be accessed anywhere ago. All you have to do is sign up to register at one of the Web sites of Internet banking and fill out a form for credit cards online.

Read More : http://www.bankcreditsite.com/

Article Source:http://www.articlesbase.com/banking-articles/icici-bank-credit-cards-tenders-received-feasible-terms-1161392.html

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