Digital banking is the digitization (or moving online) of all the traditional banking activities and programs services that were historically were only available to customers when physically inside of a bank branch. This includes activities like
Money Deposits, Withdrawals, and Transfers
Checking/Saving Account Management
Applying for Financial Products
Loan Management
Bill Pay
Account Services
This course explains about the various aspects of Indian digital banking system. Indian Digital Banking sphere is booming .Of late there is a huge interest in the digital banking space.
As India’s banking industry experiences major disruption and change, the country’s banks are transforming. They are investing heavily in digital technologies to catch up with leading global competitors offering wide ranging and sophisticated services.
At the same time, India’s central government has set itself on a path to dramatically digitize India’s population across areas including social service provisions, transfers and transactions, and formal banking. The country’s rapidly growing digital citizenry is increasingly demanding that India’s banks not only keep pace with global leading practices, but leapfrog far beyond them by developing new, uniquely Indian products, services, and business models.
This course is helpful for all kinds of learners who wish to know about Indian digital payment System. After the covid pandemic, the significance of digital banking has increased manifold. Companies throughout the world are trying their best to get a foot hold in this arena. The salient features of this course is that it explains various digital banking terms in layman's language. There is no pre-requirements to take this course.
Students and professionals who wish to get a birds eye view of the digital banking domain can take up this course.
The following terms are explained in this course :
1.NPCI
2.IMPS
3.UPI
4.NEFT
5.RTGS
6.BBPS
7.FASTag
8.NETC
9.BBPS
10.E mandate
11.wallet
12.E money
13.PPI
14.USSD
15.TREDS
16.TPAP
17.Rupay
18.TREDS
