Compliance with the Information Technology Act, 2000
Satellite connection
Selection of a portal and server
All of the above
Answer is Right!
Answer is Wrong!
The correct answer is D. All of the above.
To operationalise online, internet, mobile banking, debit card and credit card tools, the following are some of the essential ingredients:
- Compliance with the Information Technology Act, 2000: This act provides for the legal framework for the use of information technology in India. It includes provisions for the protection of personal information, the prevention of cybercrime, and the regulation of e-commerce.
- Satellite connection: This is required for providing internet connectivity to remote areas. It is also used for providing backup connectivity in case of a disruption in the terrestrial network.
- Selection of a portal and server: The portal is the website that users will access to use the online banking services. The server is the computer that stores the data and applications that are used by the portal.
In addition to these, the following are also important considerations:
- Security: The online banking system must be secure to protect the user’s personal information and financial data.
- Reliability: The online banking system must be reliable and available 24/7.
- Usability: The online banking system must be easy to use and navigate.
- Customer support: The online banking system must have good customer support to help users with any problems they may encounter.