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A SERVAY ON

AWARNESS OF TRADITIONAL BANKING & ONLINE BANKING


AMONG THE PEOPLE OF BHAVNAGAR

BY MANISHA VAGHELA

FLOW OF PRESENTATION

INTRODUCTION OF TRADITIONAL BANKS AND ONLINE BANKING FACILITIES ,ADVANTAGIES AND DISADVANTAGIES RESEARCH METHODOLOGY DATA ANALYSIS & INTERPRETATION FINDINGS SUGGESTIONS

CONCLUSION
BIBLIOGRAPHY

vaghela_manisha13@yahoo.com

BY: MANISHA VAGHELA

INTRODUCTION OF TRADITIONAL BANKS AND ONLINE BANKING


Meaning of bank

A banker or bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend money. It is an institution for receiving, keeping, and lending money.
Meaning of online banking

Online banking (or Internet banking) allows customers to conduct financial transactions on a secure website operated by their retail or virtual vaghela_manisha13@yahoo.com bank, credit union. BY: MANISHA VAGHELA

TRADITIONAL BANKING FACILITIES


Open an account Open or create fixed deposits Renew fixed deposits Inquire about tax deduction Inquire about cheque status Request for a cheque book Request for a demand draft Stop payment of a cheque Apply for Auto, Mortgage, Home, Equity, student, or personal loans Receive investment product and service information Order Travelers, cashiers, and regular cheques Transfer funds between accounts within the bank.
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ADVANTAGES OF TRADITIONAL BANKING SERVICE


In traditional Banking transactions, you do not

need any type of security. The only matters that you have to keep your bank papers of bank book safe. If you are having any problem related to the bank, you can immediately go to the bank and solve your doubts. You can get any information related to bank and still have any doubts,you can immediately ask. You do not worry about your bank papers till you yourself give it to anybody else.
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DISADVANTAGES OF TRADITIONAL BANKING SERVICES


In Traditional banking, your work any remain

uncompleted. If the papers of bank are lost, you also may lose the right of your bank properties. In Traditional Banking, sometimes your work may remain uncompleted which is wastage of time. In Traditional Banking, if employees are busy with their bank, it any possible that they may not give you the proper answer. Your bank papers are not secured through Traditional Banking. In case of having any problem, every time you have to rush to the bank. vaghela_manisha13@yahoo.com BY: MANISHA VAGHELA

FACILITIES BEING PROVIDE BY ONLINE BANKING


View your account balance Print your account statement View transaction history Open or create Fixed Deposits Renew fixed Deposits or set/change maturity instructions Transfer funds between account within the bank Track / schedule funds transfer Inquire about cheque status Inquire about tax deduction Request for a cheque book Request for a demand draft Stop payment of cheque
BY: MANISHA VAGHELA

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Track recent account activity Authorize electronic bill payments Requests for copies of past statement and processed
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cheques Order travelers, cashiers, and regular cheque Apply for Auto, Mortgage, Home , Equity, Student or Personal loans Receive investment product and service information Transfer of funds between accounts; It brings efficiency in CRM (Customer relationship management) Make Payment of bills Send and receive secure messages to and from the bank Put in requests for account statement of account by E-mail registration Balance a cheque book
BY: MANISHA VAGHELA

vaghela_manisha13@yahoo.com

ADVANTAGES OF ONLINE BANKING SERVICES



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Availability convenience: performance: Transactional speed: Effectiveness: Shop & Payment: No Waiting: Set Ups: Ubiquity: performance: banking from anywhere in the world: Inexpensive:
BY: MANISHA VAGHELA

vaghela_manisha13@yahoo.com

DISADVANTAGES OF ONLINE BANKING


hackers accessing your bank accounts.

one needs to count with an internet Service

Provider. one need original set up for paying time is timeconsuming but will ultimately be a time saver. Switching banks can be more cumbersome Online than on person. one must have basic computer skills and Internet knowledge, must be comfortable using a computer.
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RESEACH METHODOLOGY
Formation of the topic

Hypothesis
Conceptual definitions Operational definition Gathering of data Analysis of data Test, revising of hypothesis Conclusion, iteration if necessary

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vaghela_manisha13@yahoo.com

BY: MANISHA VAGHELA

RESEARCH OBJECTIVES
To know about the activities being provided by Traditional


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Banking System. To know how Online Baking concept defers from Traditional Banking concept. To know what is the role of internet in Banking Sector. To know what are the challenges of Online Baking. To know about the activities being provided by online banking system. If the people are aware of Online Baking, then whether they are using it or not. To know why doesnt using online banking system. To know whether people in Bhavnagar are aware about Online Baking or not. Whether people prefer to learn Online Baking or do their transactions through Online Baking.
BY: MANISHA VAGHELA

vaghela_manisha13@yahoo.com

RESEARCH INSTRUMENT Questionnaire: A questionnaire consists of a set of questions presented to respondents. There are two types of questions: Close end Questions: Specify all the possible answers and provide answers that are easier to interpret and tabulate. Open end Questions: Allow respondents to answer in their often reveal more about how people think. I prepared close ended questions for my research in which the respondents have to answer in my selected criterias.
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SAMPLING PLAN
Sampling Unit: my survey, the sampling unit

is the awareness of Online Banking among customer of SBI in Bhavnagar. Sampling Size: For my survey, I surveyed 50 candidates as follows:
NO. OF PERSON 18 10 OCCUPATIONS Businessmen Government Servants

15 7
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Student Profession
BY: MANISHA VAGHELA

DATA ANALYSIS & INTERPRETATION

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vaghela_manisha13@yahoo.com

BY: MANISHA VAGHELA

1. Have you know about online banking?

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From the above table & chart, it is come to known that 76% people have knowledge of Online Banking, in which 10 Government Servant, 18 Businessmen, 15 Student & 7 professional people. 24% people do not have knowledge of Online Banking in which 10 Businessmen, BY: 1 student &VAGHELA 1 vaghela_manisha13@yahoo.com MANISHA professional people.

2. Have you ever using online banking?

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From the above table & chart, it is come to known that 56% people have using of Online Banking, in which 7 Government Servant, 6 Businessmen, 9 Student & 6 professional people. 44% people do not vaghela_manisha13@yahoo.com BY: MANISHA have using of Online Banking in which 3 government servant, 12 VAGHELA Businessmen, 6 student & 1 professional people.

3 .Do you think internet banking is very easy?

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From the above table & chart, it is come to be known that use of online banking is very easy. In which 54% of people who have to using online banking are very easy of 32% people say not easy & 14 % people not responded.
vaghela_manisha13@yahoo.com

BY: MANISHA VAGHELA

4. Do you think Internet banking works very fast?

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From the above table & chart, it is come to be known that use of online banking is very fast. In which 58 % of 100% people who have to using vaghela_manisha13@yahoo.com BY: MANISHA VAGHELA online banking are very fast 28 % of 100% people say not fast & 14% of 100 % people not responded.

5 . Do you think work done through internet banking gets completed?

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From the above table & chart, it is come to be known that use of work with online banking is completed. In which 80% of 100% people who have to work with online banking is a completed. 16 % of 100% person says no & vaghela_manisha13@yahoo.com BY: MANISHA VAGHELA 4 % of 100% people not responded.

6.Would you like if internet banking is compulsory?

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From the above table & chart, it is come to be known that internet banking is compulsory or not . In which 50 % of 100% people who have to work with online banking is a compulsory. 50 % of 100% person says no. vaghela_manisha13@yahoo.com

BY: MANISHA VAGHELA

7. Is internet banking difficult to understand?

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From the above table & chart, it is come to be known that internet banking is not difficult to understand. In which 48 % of 100 % people who have to work with online banking is a difficult to understand.52 % of 100% people say no. vaghela_manisha13@yahoo.com BY: MANISHA VAGHELA

8.Why do not you using online banking? A.)Because of unknown concept B.)Seems to be complicated C.)Because of unknown procedure D.)Any other reason

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From the above table & chart, it is come to be known that 22% people of 100%have not using of online Because of unknown concept 26 % people of 100%have not using because Seems to be complicated 24% people of 100% have not using because of unknown procedure 28% ofVAGHELA 100% vaghela_manisha13@yahoo.com BY:people MANISHA have not using because Any other reason.

9. Do you desire to learn online banking?

From the above table & chart, it is come to be known that 86 % people of 100 % desire to learn online banking. While 12 % people of 100% do not desire to learn online banking and 2% people dont gave response .
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10.Should YOUR BANK arrange the programmers to aware the public about Internet banking?

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From the above table & chart, it is come to be known that 14% people of 100% say BANKS arrange the programmers to aware the public about Internet banking. While 38% people of 100% said no & 48% people of vaghela_manisha13@yahoo.com BY: MANISHA VAGHELA 100% have no responded.

11. Are you thinking internet banking hazardous?

From the above table & chart, it is come to be known that 60% people of 100% thinking internet banking hazardous. While 32 % people of 100% said no & 8% people of 100 % have no responded.
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12. Are you thinking that Indian economy will touch new height in banking sector because of online banking?

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From the above table & chart, it is come to be known that 72% people of 100% thinking that Indian economy will touch new height in banking sector because of online banking. While 18 % people of 100% have no responded. And 48 % person of 100% not thinking vaghela_manisha13@yahoo.com BY: MANISHA VAGHELA that Indian economy will touch new height in banking sector

RELATED INFORMATION

From the above table, it can be known those 44% people having account in only one bank, 40% people having account in two banks, 8% people having account in three banks, 8% people having account in more then three banks.

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vaghela_manisha13@yahoo.com

BY: MANISHA VAGHELA

FINDINGS
From my survey, I could come to know that there is

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awareness of Online Banking to the customer of SBI in Bhavnagar. More then 50% customers of BANKS using Online Banking with internet. Educated people who are most of used Online Banking. Online Banking is very easy, very fast, also completed work with Online Banking Online Banking is not a difficult to understand & in modern world it is compulsory. Most of people having knowledge of Online Banking but they do not use because of unknown the procedure. More then 50% people like to desire of Online vaghela_manisha13@yahoo.com BY: MANISHA VAGHELA Banking concept & procedure.

People wants to BANKS arrange the

programmers to aware the public about Internet banking. Many people thinking that Indian economy will touch new height in banking sector because of online banking. In 2013 modern world traditional banking system is not using because of wastage of time & everybody wants faster technology system. Most of people are satisfied with the facilities provided by BANKS .
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SUGGESTIONS
The BANKS really should arrange programme to

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make people learn Online Banking so that the customers do not have to rush to banks which ultimately save their time also. Online Banking is better option so it should use instead of traditional banking because traditional banking system is wastage of time & incomplete process. The BANKS will have to think about how people adopt their technology. For Online Banking English is necessary so everybody should have basic knowledge regarding English. The knowledge regarding how to do the online banking and basic computer operating knowledge is necessary so customer should have knowledge of it. vaghela_manisha13@yahoo.com BY: MANISHA VAGHELA

LIMITATIONS OF THE STUDY


Some respondents think to fill up my

questionnaire was a wastage of time according to them. For general people survey, I had to prepare questionnaire in Guajarati also. Time Constraints. Budgetary Constraints. The participants comprised a small sample, which can be generalized across the sector.

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vaghela_manisha13@yahoo.com

BY: MANISHA VAGHELA

CONCLUSION
From the survey, it is confirmed that people know

about Online Banking. People do not using Online Banking because unknown the procedure. The knowledge regarding how to do the online banking and basic computer operating knowledge is necessary but some people do not know about internet banking. So some people go with transaction of traditional way. It may be in future it is possible that no transaction will be done through traditional banking system.

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vaghela_manisha13@yahoo.com

BY: MANISHA VAGHELA

In short, we can say that Internet Banking is

relatively a new concept in the global banking. And compared to Banks Abroad, Indian banks or state bank of India offering online services still have a long way to go. It is passing through into growth phase of its development cycle. Results of recent developments and experiments in Online Banking are yet to come, but it is assured that Internet Banking will not remain as only a value added tool as long as it becomes one of the most important key to success into Banking sector.
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BIBLIOGRAPHY
BOOKS: C.R. Kothari , Research methodology , PRINCE INDIA PRACTICE PVT. LTD
(Research related information )

SITES: www.sbi.com [History, introduction & other more] www.online bankshub.com [importance & facilities of Online Banking] Wikipedia.org / wiki / bank [facilities provided by traditional banking] www.wikipedia.com (about bank) www.managementparadise.com www.scribd.com www.google.com www.bffph.com VISIT : SBI BANK NILAM BAUG BRANCH HDFC BANK DOWN CHOWK BRANCH
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vaghela_manisha13@yahoo.com

BY: MANISHA VAGHELA