27. Aman purchased a mobile phone
through online and payment was
made through internet by using
credit card. (a) Identify the modern
banking facility used by Aman. (b)
state any four benefits of this facility
Answers
Answer:
a. Net banking
b.benifits are as follows
.it is easy
.anyone can do it easily
.it is much more safe
it is clear so it makes us easy to understand.
(a) E-Banking
(b) Advantages of e-banking
1. To Banks
o It provides competitive advantage to a bank.
o Load on different branches gets considerably reduced due to centralized data base.
o Banking network is no more limited to the number of branches. It expands far and wide due to facility of internet banking.
2. To Customers
o It provides 24 hours, 365 days a year service to the consumers.
o It can be used at any place and at any time even while travelling.
o It reduces risk and ensures greater security.
o It increases financial discipline by keeping record of each and every transaction.
o Availability of banking facility at anytime and anywhere increases satisfaction of the consumers.