2. CONTENTS
Introduction To Mobile Banking
Mobile Banking Services
Why Banks Promote Mobile Banking?
Advantages And Disadvantages
Security Requirement
Canara Bank- CANDI APP
Mobile Banking in India
3. Mobile Banking is an application that lives
on a mobile phone, which access and
manipulates their bank accounts at anytime
and anywhere.
It is a system that allows customers to
perform a number of financial transaction
through a mobile device.
Monitoring our bank accounts through the
mobile, is know as Mobile Banking.
INTRODUCTION
4. Mobile Banking Services
Usual Functions
Balance Enquiry
Mini Statement Enquiry
Cheque Status Enquiry
Cheque Book Requests
Fund Transfer
Bewteen Accounts
Credit/Debit Alerts
Minimum Balance Alerts
Services 1
Bill Payment Alerts
Utility Bill Payment
Generate OTP
ATM Location
IMPS-Interbank
Mobile Service
Manage Self Accounts
Mobile Top-Up and
DTH recharge.
Services 2
6. 01 02
03 04
PAY BILLS
The user can pay bills, check account
balance, study recent transaction, block
ATM cards, etc
COST EFFECTIVE
Banking is cost-effective, and Banks
offer this service at less cost to the
customers.
EASY TRANSFER
The user can transfer funds from bank account
to another bank account with a Smartphone
just with the help of the internet,
from anywhere to everywhere.
It is available for 24 hours and easy and conve
nient mode for many Mobile users in the rural
areas. Mobile Banking is said to be more secu
re and risk-free than online Internet Banking.
24 – HOURS SERVICE
7. DISADVANTAGES
Mobile Banking is not available
on all mobile phone.
Transfer of funds is
only available on
high-end phones.
Regular use leads to
extra charges levied
by the bank for
providing the service.
Mobile banking users are
at risk of getting fake SMS
messages and scams.
Criminals can gain
access to PIN and other
sensitive information.
8. SECURITY RISKS AND HANDLING
Risks associated with mobile banking
Apart from those there are the usual
risks associated with mobile bankin
g that could include hacking.
However, one needs to be careful an
d not share the password, just as yo
u apply the same principal to
the desktop. It is believed that bulk
of the banking
frauds take place through known rel
atives. So be
careful when you share your mobile
9. Make sure that you do not open a link
through your email that is unknown.
Do not access your mobile banking from a
Wi-Fi spot.
Ensure that you do not use easy passwords.
10.
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