Anjali lives in a small village in Uttar Pradesh. Her parents are very poor but have somehow managed to provide good education to Anjali. She comes to Delhi for her graduation. She works on a part time to help her family and fund her education. She wants to send money to her parents in the village but money order will take a lot of time. Her friend Jaya tells her about e-Banking. Anjali is very happy to know about this service of Banks. She wants to be well-versed with the services of e-Banking and its benefits. (a) Explain the concept of e-banking. (2 marks) (b) Explain the benefits of e-Banking to Anjali. (4 marks)
Answers
Answered by
2
E-banking is a product designed for the purposes of online banking that enables you to have easy and safe access to your bank account. E-banking is a safe, fast, easy and efficient electronic service that enables you access to bank account and to carry out online banking services, 24 hours a day, and 7 days a week.
The main advantages of electronic banking are: –
The cost of operation per unit of services is lower for banks. Offers convenience to customers since they are not required to go to the bank's facilities. There is a very low incidence of errors. The customer can obtain funds at any time from ATMs.
Similar questions