Influence Of Electronic Banking On Consumers Finance Essay

Banks play really of import function in the economic system of a state and Pakistan is no freedom. The banking sector plays an of import function in todays universe of money and economic system. It fundamentally facilitates many different but incorporate economic activities like resources mobilisation, poorness riddance, production and distribution of public finance which are really of import for every state. It is purchase of auto or edifice of a place Bankss are ever at that place to function you better. Banks ever try to assist people with their different merchandises and services. It is play land or any educational or healthy social activity the money of Bankss nurture them. It is an industrial undertaking or agricultural development of the state the sponsor-ship of Bankss is really much involved. Banks play really positive and of import function in the overall economic development of the state. Pakistan has a well-developed banking system, which consists of a broad assortment of establishments runing from a cardinal bank to commercial Bankss and to specialise bureaus to provide for particular demands of specific sectors. The state started without any worthwhile banking web in 1947 but witnessed phenomenal growing in the first two decennaries. By 1970, it had acquired a booming banking sector.

Banking Technology that was about non-existent in Pakistan until a few old ages ago is revolutionising the client services and entree online banking, Internet banking, ATMs, nomadic phone banking and other manners of bringing have made it possible to supply convenience to the clients while cut downing the dealing costs to the Bankss. Credit Cards, Debit Cards, Smart Cards etc. are a thriving and spread outing concern in Pakistan.

Plants Cited

Banking industy of Pakistan. ( 2012, june 28 ) . Retrieved sept 20, 2012, from scribd: HYPERLINK “ hypertext transfer protocol: //www.scribd.com/doc/30857614/Banking-Industry-of-Pakistan ” hypertext transfer protocol: //www.scribd.com/doc/30857614/Banking-Industry-of-Pakistan

Summary:

The banking sector plays an of import function in the economic development of a state. It helps in poorness riddance, resource mobilisation, production and distribution of finance.Pakistan has a good banking system consists of cardinal bank to commercial Bankss and particular establishments for fulfilment of specific sectors. Banks offers a broad assortment of instruments so the populace and the bank both can acquire the benefit. Basically bank plays a really of import function in the circulation of financess.

Old ages ago banking engineering in Pakistan was non-existent now few old ages back electronic banking have made it possible to supply convenience to the clients while cut downing the dealing costs. The human resource base of Bankss upgraded because of the acceptance of rules of public presentation and virtue throughout the system. Competition of Bankss has forced the Bankss to alter the traditional banking to the modern banking, spread outing bill of fare of merchandises, services and the borrower base.

The bank is presently runing in more than 400 subdivisions domestically and an international in Afghanistan, Bangladesh and Bahrain.

History:

Bank Alfalah Limited was incorporated on June 21st, 1992 as a populace limited company under the Companies Ordinance 1984. Its banking operations commenced from November 1st,1997. The bank is engaged in commercial banking and related services as defined in the Banking companies regulation, 1962. The Bank is presently runing through assorted subdivisions in Pakistan, Bahrain, Bangladesh & A ; Afghanistan, with the registered office at B.A.Building, I.I.Chundrigar, Karachi.

Since its origin, as the new individuality of H.C.E.B after the denationalization in 1997, the direction of the bank has implemented schemes and policies to carve a distinguishable place for the bank in the market topographic point.

We perceive the demands of our clients and fit them with quality merchandises and service solutions. During the past five old ages, we have emerged as one of the first fiscal establishment in the part endeavouring to run into the demands of tomorrow today.

Plants Cited

hypertext transfer protocol: //bankalfalah.com/about/historical_overview.asp

Summary:

Bank Alfalah Limited was launched on June 21, 1992 as a populace limited company. Operationss started on November 1, 1992.the bank consist of assorted subdivisions in Pakistan, Afghanistan, Bangladesh & A ; Bahrain. In 1997 the direction of bank implemented those constabularies which help the bank to accomplish a good place. Partnership with the Abu Dhabi Group the place of the bank became stronger which helps the bank to put more in new engineering and besides spread out its scope of merchandises and services.

MISSION AND VISION STATEMENT

VISION STATEMENT

To be the premier organisation runing locally & A ; internationalism that provides the complete scope of fiscal services to all sections under one roof.

Plants Cited

Bank Alfalah Limited. Retrieved sept 12, 2012, from bankalfalah.com: hypertext transfer protocol: //bankalfalah.com/about/vision_mission.asp

Summary:

An organisation which is runing internationally and locally with the broad scope of fiscal merchandise and services.

Overview

Electronic banking is a new age service provided by modern fiscal establishments. This service refers to little value banking merchandises via electronic channel.

Electronic banking agencies reassigning financess or hard currency straight from one history to another utilizing electronic agencies instead than by cheque or other instruments of payments.

We can utilize electronic banking as follows:

Withdrawing money from look intoing histories by an ATM dealing machine with a personal designation figure or watchword.

Utility measures can be paid automatically by merely teaching the bank or recognition brotherhood, to make so.

Taxs can be paid straight from look intoing histories.

Checking, analysing and doing drumhead of current histories has been made easier.

Purchases of any sort can be made at the point of sale utilizing a Debit card ( besides known as a bank card or look into card ) instead so hard currency or cheque.

In general sentiment of many users electronic banking means 24-hours entree to hard currency via ATM ( Automated Teller Machine ) .

Online Banking:

By utilizing online banking you can maintain the path of the histories easy. It is up to consumers to follow general guidelines to protect their information and history, by taking strong base on balls codifications and concealed user individualities. { E.g. long, but easy to retrieve watchwords }

On-line Transportations: Bank Alfalah besides provide on-line transportations. This is really convenient manner of reassigning financess. It allows user to reassign financess between their histories or to others histories, which can be across banking boundaries. They merely have to open the online banking web site and reassign financess after giving their user name PIN to cover any outstanding minutess.

Online Bill Pay: This service offers consumers the chance to pay their measures without holding to really utilize or pay for cast and envelope.

Debit Card games: Debit cards are the most popular signifier of electronic banking. Consumer can utilize this card at about any where in the state. This service is besides convenient since there is less clip hold, or we can state it is much faster so look into composing. User can maintain path of debit card minutess, by sing on-line bank or debit card supplier ‘s web site.

The Bank Alfala general banking includes:

Deposits histories

Lending & A ; sedimentation rates

Cabinets

Remittance

The other services include:

Bank Alfalah fiscal services

Bank alfalah consumer finance

Treasury & A ; investing

Bank alfalah Islamic banking

Bank alfalah auto funding

Bank Alfalah E-banking characteristics:

The e-banking includes telephone banking, online banking, Atm etc.Bank alfalah has besides launched mobile banking in Pakistan and offers a safe and error free cyberspace banking in Pakistan. And through online banking you can look into your histories statements and reassign your financess.

Plants Cited

Bank alfalah limited. ( 2012, july 12 ) . Retrieved sept 20, 2012, from hypertext transfer protocol: //www.studysols.com: hypertext transfer protocol: //www.studysols.com/bank-alfalah-limited-pakistan/

Your spouse wherever you go!

Monthly Card Statement

24-Hour Phone Banking Service

Foreign Minutess

Safe Internet Transactions / Shopping Virtually and with your Card games:

Credence at 1LINK ATMs

Utility Bill Payments

Alfalah Cards SMS Facility

Balance Transfer Facility ( BTF )

Visa Card games:

Platinum

Gold/Silver

Auxiliary Card

Virtual Card

Maestro Card games

Titanium

Plants Cited

Bank alfalah limited.Retrieved sept 20, 2012, from bankalfalah: hypertext transfer protocol: //www.bankalfalah.com/creditcards/index.asp

STUDY OBJECTIVES

To understand what is electronic banking.

How electronic distribution channels have benefited consumers?

What are the benefits of electronic banking to clients?

What are the technological admirations of electronics banking?

What services do Pakistani bank provide?

What are the electronic banking statistics in Pakistan?

Why is on-line banking turning?

Is on-line banking safe?

To reexamine existing literature, discuss consequences and their deductions that will be insightful to research workers interested in electronic banking.

RESEARCH TYPE

The research is based upon questionnaires. The questionnaire is considered to be related with Electronic Banking. The questionnaire would assist the Bankss to happen out which benefits consumers consider more valuable.

Literature reappraisal:

Article 1

Mobile phone security: What are the hazards?

Now a twenty-four hours ‘s more and more people are trusting on cell phones and mini check. the more attractive and expensive devices these devices become the mark of hackers. to avoid these there are particular security tools which tells the user to avoid those sites. A really its about maintain good wonts and do n’t see those sites which are under any sort of menace that can be any malware or Trojan. Because if your Mobile phone is hacked your of import and personal informations can be easy accessible to the hacker. so it is really of import to follow security cheques provided by the experts.

Article 2

E-Banking Saves Time and Money

This service is used by more and more concern because of the broad scope of e-technologies and benefits of it. the one and the chief ground is that it saves clip and costs. Through e-banking you can acquire the needed information faster than of all time before. Every 2nd more and more people are affecting in e-banking because of its dependable service. The two of the chief services which are discussed in this article is the paysheet processing and reassigning financess. Payroll cards allow employees without bank histories to be paid via direct sedimentation, which improves personal security for those without bank histories because they do n’t hold to transport big sums of cash.the chief characteristic of electronic banking is that it does non necessitate any particular computing machine but you can acquire the entree from any computing machine and execute any transcation.

The of import characteristic is that you do n’t hold to transport hard currency. By utilizing online banking you can maintain the path of the histories easy. It is up to consumers to follow general guidelines to protect their information and history, by taking strong base on balls codifications and concealed user individualities.

Article 3

Recognition CARDS: AN INTERDISCIPLINARY SURVEY

Recognition cards are the get downing to the electronic banking and to electronic money epoch. In old two decennaries utilizations of recognition cards increased quickly, in about any facet of market life for illustration without utilizing currency client buys food markets. That payment is paid by bank or any fiscal institute, or recognition card issuer.

Recognition cards were first issued in the United States by hotels. These cards were really popular after some times.In 1914 big section shops and gas Stationss were publishing recognition cards. But because of the universe wars its spreading was distorted, but once more in 1950 these 3rd party cards began. First used as travelling and entrustment cards and so as bank cards.Because of this constitution higher growing rate of bank cards was possible. Growth rate of bank cards were rapid at an mean one-year rate of 287 % and have raised their portion in the recognition card market from 7.3 % in 1967 to 38.4 % in 1977.

Author provides consequences from his survey demoing the attitude of consumers toward bank cards, is the most of import determiner of hard currency. And unfavourable attitude toward bank card utilizations are, fright of inordinate trust on recognition. Convenience of cards to purchases may be misdirected. Over 60 per centum of card users regard card convenience as indispensable to their usage, while other 33 per centum utilize them as a recognition bring forthing possible regarding as unfavourable usage, ( Black good, Hawes and Talarzyk 1975 ) .

Much research has been made on the recognition card ‘s impact and consequence on the variables as economic sciences, ingestion and demand of money, With regard to the research consequences and effects of recognition on existent economic system. Consequently, the issue of the effects of recognition cards on ingestion remains a topic for future research, and one with considerable import given the detonation in consumer debt that has occurred in the late 1970 ‘s. The relationships of recognition to the enlargement of and rising prices in the economic system remain to be adequately explained both at the theoretical and empirical degrees.

Theoretically demand of the money reduced by increasing of recognition handiness ( Fisher in ( 1911 ) and Keynes ( 1930 ) } . Generally Households choose the optimized form of money and involvement net incomes on the assets which they have, by presenting recognition into this form reduces the demand of money as stock list. Other empirical work has shown once and for all that money demand may cut down as a consequence of recognition card us. The reappraisal shows that recognition cards are now sufficiently of import in future research attempts. This research needs to see both the minutess convenience and installment recognition facets of card usage, and besides the inducements that rising prices and revenue enhancement ratio to recognition usage. Recognition cards are already functioning as the portion of ( EFT ) electronic fund transportation. Credit card usage is turning but is besides recommended that electronic engineering will be used progressively in this characteristic to retain its value.

Article 4

THE MARKET FOR ELECTRONIC CASH CARDS

Most widely used payment instruments of presents are currency, payment orders, cheques, debit cards, and credits cards. Among these instruments merely currency provides concluding colony of the dealing. While all other are linked with clients bank histories or recognition lines limited by the card issuers. These agencies of payments have major failings from their high handling costs.

In our modern society of banking a new payment instrument in introduced by private sector viz. hard currency cards. The grade to which electronic hard currency cards will replace these all other agencies of payments depends upon consumers and merchandisers as they choose.

In all economic systems several agencies of payments exist parallel to each other. How of all time all these payment instruments depend upon the dealing size or type. This is called “ dealing sphere ” or peculiarly payment instruments usage of the currency in agencies of payment. Use of Currency in the agencies of payment instruments provides many advantages which are free circulation of currency, it is accepted everyplace in its needed economic system and it is movable to both retail merchants and between clients. Use of Currency provides immediate colony, so there is no demand of fiscal establishments to affect and it preserves privateness of dealing. Disadvantages of utilizing currency as payment instruments are the incommodiousness of sending of currency to remote topographic points and its value can non be divided. Storage and sorting of notes caused a higher cost on consumers, retail merchants and Bankss.

We can state that the electronic hard currency cards can replace currency at least for little minutess by presuming off the transitioning costs. Electronic hard currency cards is a engineering which is bettering society ‘s public assistance, since purchasers and merchandisers, keeping costs, keeping and transitioning costs by utilizing agencies of payment instruments are reduced.

Article 5

“ RIP-OFF ” ATM SURCHARGES

In this article Nadia Mossaud and Dan Menhaden developed a spacial theoretical account in which they categorized the utilizations of ATM by clients, penchants for choosing favourable bank. They defined the equilibrium which is presenting some of the regularities e.g. ; puting of high rates for history fees by the Bankss, but non bear downing their consumers for ATM use. In other manus Bankss are bear downing high ATM fees for the nonmembers ( consumers who do n’t hold history with them ) , high plenty to transcending the degree that would maximise ATM grosss with the nonmembers.

The approximative value of history fees and surcharge for ATM is relative to the size of the bank, e.g. a larger bank charge high history fees and higher surcharge value for ATM usage, than little Bankss. Writers described the state of affairs that under what fortunes a client usage ATM card, ( withdraw hard currency, for illustration deficit of hard currency during shopping etc ) . At that clip, consumer may happen his bank ‘s ain ATM terminus and withdraw hard currency, may or may non be free of charge as the policy of bank.

But if he does n’t happen his comparative ATM terminus, he is forced to utilize other bank ‘s ATM. By utilizing other ATM he had to pay a surcharge that must be paid to finish the dealing. That sum of surcharge which was rose in 1999 to $ 1.38 to $ 1.23 in 1998 in USA. In appraisals of PIRG ( U.S Public involvement Rate Group ) , US Bankss reaped more so $ 2.1 billion in one-year gross by ATM Surcharges.

Banks earn net incomes from nonmembers merely by puting up higher ATM Prices. There is besides a indirect strategic consequence of high surcharging on ATM ‘S, nonmembers would do their history in that bank that offers high ATM surcharges. Because of this, Bankss expeditiously extract excess from bank members but inefficiently extract excess from nonmembers.

Banks do n’t roll up ATM surcharge from their ain members to covering their fixed and runing costs, other position ATM surcharges are high plenty for the nonmembers.

When a client uses ATM of another bank, two sorts of fees are charged, exchanging to other Bankss web and substituting fee paid to ATM proprietor by the ATM card holder. In existent the cost of supplying the ATM service to nonmember is zero harmonizing to fringy cost pigment of position, ( Coyote and Lindsey, 1988 ) .Other costs are fixed or runing in nature ( including the regular costs of care machine )

We concluded that Bankss get surcharge, strategically to set up new sedimentations histories with that ATM bank, who have surcharge on it. In order to avoid paying that excess disbursal or surcharges every clip they uses ATM history belonging to that establishment. Because Bankss extract surplus expeditiously from members but non nonmembers, they surcharges on nonmembers in order to increase bank account base. Finally, censoring ATM surcharging paradoxically leads to higher monetary values for ATM usage, higher bank net incomes, and perchance reduced consumer public assistance

Article 6

JUSTIFYING ELECTRONIC BANKING NETWORK EXPANSION USING REAL OPTIONS ANALYSIS

This article illustrated the value of using existent options in the context of a instance survey affecting developing and deployment of point of sale debit services, by ( Pos ) shared portions electronic banking webs of England. This paper besides attempts to warrant the electronic banking by this analysis attack and equilibrating them against troubles i.e. methodological procedure. This research employs an option pricing theoretical account that is adjusted for hazard taking investors, demoing how it is possible to obtain existent and dependable values in investing timing option. For garnering the groundss to the being of timing option, they ( writers ) structured some reformations in their interview format. The consequences obtained utilizing existent options analysis, identified some conditions for which ( POS ) debit market would be profitable.

These consequences besides indicated that in the absence of timing option, traditional ways for measuring information engineering would bring forth incorrect recommendations e.g. loss to the investing, low net income etc.

The application of ( OPM ) option pricing theoretical accounts to information engineering investings makes a instance of new methods, in add-on to the old methods e.g. ( NPV ) Net present value and discounted hard currency flow ( DCF ) .

Recent surveies have provided grounds in favour of OPM ‘s. In a study of “ how fiscal officers trade with flexibleness in capital assessment ” by ( Busby and Pits in 1997 ) found that “ Very few directors are cognizant of existent option research because largely, their establishments agreed with the quality perceptual experiences of their work ” . Another lab survey shows that directors who do n’t used OPMs in over valued existent options, their position to ratings did n’t differ important manners with in those who use OPM.

The major decision of this survey is that existent options analysis provides a powerful complementary attack for measuring real-word IT investings. Real Option analysis proved suited for structuring and pull stringsing direction ‘s position of the strategic value of investing. Furthermore it facilitates sensitive analysis which helps to understanding the nature of an investing in footings fiting the manner in director thinks about the jobs.

Article 7

FINANCIAL INNOVATION AND THE BOUNDARIES OF Banking

In this article writer analyzes the interaction of the procedure and construction of the banking sector. By utilizing new methods and instruments of finance, high accomplishments in comparative Fieldss are possible for illustration high net incomes, low hazards and growing of disintermediation. Due to this ground a force per unit area is created on the Bankss to liberalise because of international competition. Bank in USA are offering broad scope of services. Financial invention has resulted consolidation of fiscal institutes and alteration in construction.

Consideration of this paper is how the construction of the banking industry will be affected by the fiscal invention in the following approaching decennaries.

Fiscal Institutions can utilize this invention as a tool or fiscal instrument ( for illustration money market financess, zero voucher bonds, drifting involvement rate notes and stock options ) for developing themselves. By utilizing new debit instruments bundle, fiscal institutes can set up liquid instruments ( for illustration family mortgages. Used cards loans, pupils loans ) and can utilize them to command the traditional strategic methods. Financial establishments provide bundle of services to the rescuers and investors. They provide advantages in the signifier of hazard, liquidness, variegation and capital shock absorber. These advantages attract rescuers, so that borrowers can obtain financess at low costs, through fiscal mediators instead than straight.

Structure of the fiscal service industry depends upon the costs and the demand for their merchandises. Regulations may impact construction of the industry or establishment, by impacting the costs, safety issues, and scope of liabilities which they offer to the clients. We can sum up this whole subject as followings:

Impact of fiscal invention on the construction of the fiscal services industry specially on banking sector.

Development of new fiscal instruments by this invention.

Impact of invention on the growing of new instruments on the recognition flows as the portion of Bankss.

Combination of new instruments and national liberalisation and its affect.

Impact on the local and seaward sedimentation market.

Furthermore, decrease of barriers due to the impact of fiscal invention and liberalisation, among fiscal establishments within state.

Chapter # 4

ESTIMATIONS ANALYSIS AND CONCLUSION

4.1 FREQUENCY TABLES ALONG WITH BAR CHARTS

( 1 ) The usage of electronic banking is increasing quickly?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

21

21.0

21.0

21.0

Agree

41

41.0

41.0

62.0

Impersonal

28

28.0

28.0

90.0

Disagree

8

8.0

8.0

98.0

Strongly differ

2

2.0

2.0

100.0

Entire

100

100.0

100.0

Analysis

40 % of the consumers agree that the usage of electronic banking is increasing quickly, 28 % of the consumers are impersonal while 22 % of the consumers strongly agree.

( 2 ) Do the Consumers use the electronic banking services often?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

33

33.0

33.0

33.0

Agree

51

51.0

51.0

84.0

Impersonal

16

16.0

16.0

100.0

Entire

100

100.0

100.0

Analysis

51 % of the consumers agree Electronic banking has developed the industry of electronic commercialism, retail electronic services and merchandises?

( 3 ) Do the Bankss satisfy the client in understanding the electronic banking?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

25

25.0

25.0

25.0

Agree

38

38.0

38.0

63.0

Impersonal

25

25.0

25.0

88.0

Disagree

11

11.0

11.0

99.0

Strongly differ

2

2.0

2.0

100.0

Entire

100

100.0

100.0

Analysis

From the saloon chart and the tabular array we can see that about 40 % of consumers think that it has made life easier. The mean comes out to be 2.32, average 2 and mode 2 where 2 represent “ Agree ”

( 4 ) Are the consumers still more comfy with the old means alternatively of the new?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

36

36.0

36.0

36.0

Agree

58

58.0

58.0

94.0

Impersonal

6

6.0

6.0

100.0

Entire

100

100.0

100.0

Analysis

The saloon chart and tabular array tell us that 57 % of the persons agree that the bank satisfies them in understanding what electronic banking is. The mean comes out to be 1.69, average 2 and mode 2 where 1 represent “ Strongly agree ” , and 2 represent “ Agree ” .

( 5 ) Electronic banking saves a batch of clip of the consumers?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

13

13.0

13.0

13.0

Agree

37

37.0

37.0

50.0

Impersonal

34

34.0

34.0

84.0

Disagree

16

16.0

16.0

100.0

Entire

100

100.0

100.0

Analysis:

The saloon chart shows that 38 % of the consumers agree while 35 % are impersonal.

( 6 ) Electronic banking has made the trailing of history easier?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

24

24.0

24.0

24.0

Agree

55

55.0

55.0

77.0

Impersonal

19

19.0

19.0

96.0

Disagree

2

2.0

2.0

100.0

Entire

100

100.0

100.0

( 7 ) Electronic banking has made transportation of money easier?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

25

25.0

25.0

25.0

Agree

47

47.0

47.0

72.0

Impersonal

21

21.0

21.0

93.0

Disagree

6

6.0

6.0

99.0

Strongly differ

1

1.0

1.0

100.0

Entire

100

100.0

100.0

Analysis

A big figure that is 54 % of the employees agree that on-the-job preparation is practiced in their organisation while 47 % of the employees agree that off-site preparation is carried out in their organisation.

( 8 ) Electronic Banking minimizes the hazard of transporting hard currency?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

31

31.0

31.0

31.0

Agree

43

43.0

43.0

74.0

Impersonal

20

20.0

20.0

94.0

Disagree

6

6.0

6.0

100.0

Entire

100

100.0

100.0

Analysis

Through research, it was found out that 45 % of the employees agree that teamwork is encouraged and practiced in the four major telecom companies of Pakistan.

( 9 ) Electronic banking additions operational efficiency?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

32

32.0

32.0

32.0

Agree

52

52.0

52.0

84.0

Impersonal

16

16.0

16.0

100.0

Entire

100

100.0

100.0

Analysis

Through research it was found out that 52 % employees agree that the leader and his personal traits have a really much affect on the public presentation of the employees.

( 10 ) Electronic minimizes the cost of dealing?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

24

24.0

24.0

24.0

Agree

55

55.0

55.0

77.0

Impersonal

19

19.0

19.0

96.0

Disagree

2

2.0

2.0

100.0

Entire

100

100.0

100.0

( 11 ) Is electronic banking safe? Are at that place hazards involved in online banking?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

31

31.0

31.0

31.0

Agree

43

43.0

43.0

74.0

Impersonal

20

20.0

20.0

94.0

Disagree

6

6.0

6.0

100.0

Entire

100

100.0

100.0

Analysis

The above information shows that there are 45 % of opportunities of hazard involved in electronic banking while 29 % of the clients strongly agree to it.

( 12 ) Are at that place any opportunities of fraud in electronic banking?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

33

33.0

33.0

33.0

Agree

51

51.0

51.0

84.0

Impersonal

16

16.0

16.0

100.0

Entire

100

100.0

100.0

( 14 ) Does electronic banking charges heavy cost for services?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

32

32.0

32.0

32.0

Agree

52

52.0

52.0

84.0

Impersonal

16

16.0

16.0

100.0

Entire

100

100.0

100.0

( 15 ) Is there any opportunity of informations loss?

Frequency

Percentage

Valid Percentage

Accumulative Percentage

Valid

Strongly hold

21

21.0

21.0

21.0

Agree

41

41.0

41.0

62.0

Impersonal

28

28.0

28.0

90.0

Disagree

8

8.0

8.0

98.0

Strongly differ

2

2.0

2.0

100.0

Entire

100

100.0

100.0

Decision:

Through my research I have learned that electronic banking is increasing quickly. The influence of electronic banking on consumers is really positive. Tocopherol banking has a batch of benefits for clients. The most important of which is clip salvaging by the mechanization of banking Services. The benefits of e-banking are uncountable. It reduces the cost of accessing and utilizing the bank services. Customers are pulling towards electronic banking and its services more and more into it. It increase comfort and saves a batch of clip, minutess can be made 24 hours a twenty-four hours without the demand of physical interaction with the bank. Quick entree to the information can be made easy. Where electronic banking has many benefits it has a few hazards attached to itself excessively. As there are opportunities of fraud, it charge heavy cost and there is a opportunity of informations loss as you can non blindly trust the electronics.