Mobile Banking and its Benefits

PRESENTED BY: INDIAN BANK DETAILShttp://indianbankdetails.com/

Mobile BankingContent What is mobile banking? History of Mobile banking Mobile banking services Benefits of Mobile Banking

What is mobile banking? Mobile banking is a service provided by bank to customer

for financial transaction using mobile device such as mobile phone and tablets.

Mobile banking is available on 24 hours. For mobile banking, ifsc code (Indian Financial System

Code) is important for electronic fund transfer. Each bank have unique 11-digit code.

History of Mobile banking The earliest mobile banking service is known as SMS

banking. The first European banks started to offer mobile banking,

with the introduction of smart phones with WAP platform in 1999.

Till 2010, mobile banking performed through SMS. After the Apple’s success with iphone, based on operating system led to increasing the use of application.

Mobile banking services Account information Transaction Investments Support Content services

Benefits of Mobile Banking We can make transactions or paybills at anytime and anywhere. Service provided by bank for mobile banking is free, there is no limit

to access your account Using mobile banking we can transfer money instantly to another

account in the same bank. Mobile Banking is safe and secure as Internet banking by using

advanced app encryption technologies. Using mobile banking, customers can obtain the account balance,

Credit/Debit alert, bill payment, transaction details and funds transfers.