What is E-Banking ? Online Banking ↓
E-banking refers to electronic banking. It is similar e-business inward banking industry. E-banking is too called equally "Virtual Banking" or "Online Banking".
E-banking is a number of the growing expectations of bank's customers.
Image Credits © Jochem Koole.
E-banking involves data technology scientific discipline based banking. Under this I.T system, the banking services are delivered past times agency of a Computer-Controlled System. This arrangement does involve forthwith interface amongst the customers. The customers produce non convey to take in the bank's premises.
Popular services covered nether E-Banking ↓
The pop services covered nether E-banking include :-
- Automated Teller Machines,
- Credit Cards,
- Debit Cards,
- Smart Cards,
- Electronic Funds Transfer (EFT) System,
- Cheques Truncation Payment System,
- Mobile Banking,
- Internet Banking,
- Telephone Banking, etc.
Advantages of E-Banking ↓
The principal advantages of E-banking are :-
- The operating terms per unit of measurement services is lower for the banks.
- It offers convenience to customers equally they are non required to become to the bank's premises.
- There is real depression incidence of errors.
- The client tin obtain funds at whatever fourth dimension from ATM machines.
- The credit cards too debit cards enables the Customers to obtain discounts from retail outlets.
- The client tin easily transfer the funds from 1 house to around other house electronically.
