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Internet banking

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Introduction
At this blog I will be writing about the online banking systems in Nepal and the features available with different banks across Nepal. If you look into the modern age of banking, online banks or net banking made things much easier for the people and saves lot of time. The traditional way of standing in the queue and filling up all the forms, now its no hassle for making any transaction with the banks. Every bank has their own features and some banks still not having the more advanced features like transferring money to any banks across Nepal, easy registration for net banking, etc.
Advantage of Internet Banking Facility
Advantages previously held by large financial institutions have shrunk considerably. The Internet has leveled the playing field and afforded open access to customers in the global marketplace. Internet banking is a cost-effective delivery channel for financial institutions. Consumers are embracing the many benefits of Internet banking. Access to one’s accounts at anytime and from any location via the World Wide Web is a convenience unknown a short time ago. Thus, a bank’s Internet presence transforms from ‘brouchreware’ status to ‘Internet banking’ status once the bank goes through a technology integration effort to enable the customer to access information about his or her specific account relationship. The six primary drivers of Internet banking includes, in order of primacy are:
-Improve customer access
-Facilitate the offering of more services
-Increase customer loyalty
-Attract new customers
-Provide services offered by competitors
-Reduce customer attrition
Banks with Internet Banking
In the current scenario, every bank in Nepal has the internet banking facility. Recently the banks are extending their presence in rural areas to lure more customers and show them the advantages of internet making by educating into the new system. This gives the countries entire population to get the benefit of technology advancement. As I said, still it is evolving and not all the banks provide very advanced features. In our article I will take few leading banks and explain the features they are offering. Note that, the online banking can be for managing your Savings Accounts, Credit Cards, Fixed Deposit, Insurance, etc. The following are the list of banks and their online website address.

Standard Chartered
Siddhartha bank limited
Nepal SBI bank
Nepal Industrial & Commercial bank
Everest bank
Nepal Bank
Bank of Kathmandu
Nabil bank
Himalayan Bank Ltd
Machha Puchchhre bank
Laxmi Bank
Kumari Bank
Lumbini bank
Nepal credit & commerce bank
Nepal merchant bank & finance ltd.
Development credit bank
Sanima Bikas Bank Limited
Nepal Investment Bank
Nepal Bangladesh Bank
Summary
This article presents only the basic idea on internet banking in Nepal. Also the leading internet banking portals mostly used by the customers. When it comes to the internet banking, internet security on net banking is the challenging problem to be faced by all the major portals. Every customer must aware of the security issues and protect their details from the hackers. In my next article I will be writing about the security issues which normally cheat customers and steal the personal details. Thank you for reading this article. Please post your feedback on the comments section.






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