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E-Banking - Online Banking - Advantages Of The Ebanking


banking is a resultant of the growing expectations of banking concern E-Banking - Online Banking - Advantages of the Ebanking 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 every bit "Virtual Banking" or "Online Banking".

E-banking is a resultant of the growing expectations of bank's customers.


banking is a resultant of the growing expectations of banking concern E-Banking - Online Banking - Advantages of the Ebanking

Image Credits © Jochem Koole.


E-banking involves data applied scientific discipline based banking. Under this I.T system, the banking services are delivered yesteryear agency of a Computer-Controlled System. This organization does involve straight interface alongside the customers. The customers create non convey to watch the bank's premises.



banking is a resultant of the growing expectations of banking concern E-Banking - Online Banking - Advantages of the Ebanking Popular services covered nether E-Banking ↓



The pop services covered nether E-banking include :-

  1. Automated Teller Machines,
  2. Credit Cards,
  3. Debit Cards,
  4. Smart Cards,
  5. Electronic Funds Transfer (EFT) System,
  6. Cheques Truncation Payment System,
  7. Mobile Banking,
  8. Internet Banking,
  9. Telephone Banking, etc.



banking is a resultant of the growing expectations of banking concern E-Banking - Online Banking - Advantages of the Ebanking Advantages of E-Banking ↓



The principal advantages of E-banking are :-

  1. The operating terms per unit of measurement services is lower for the banks.
  2. It offers convenience to customers every bit they are non required to become to the bank's premises.
  3. There is rattling depression incidence of errors.
  4. The client tin seat notice obtain funds at whatever fourth dimension from ATM machines.
  5. The credit cards too debit cards enables the Customers to obtain discounts from retail outlets.
  6. The client tin seat notice easily transfer the funds from i house to unopen to other house electronically.

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