EXPLAIN ANY 3 MERITS OF E-BANKING SYSTEM IN INDIA ?
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E-Banking now-a-days is the common trend here in our country. Everyone should be aware about all the positive and negative side of the technology. There was a workshop organized at Mangalmay Institute of Management & Technology, where the students got information about how to use this facility properly.
E-banking refers to electronic banking. It’s like e-business in the banking industry. Electronic banking is also known as “Virtual Banking” or “Online Banking”. Electronic banking is based on banking based on information technology. Under this I.T system, banking services are delivered through a computer-controlled system. This system involves a direct interface with customers. Customers do not have to visit the bank’s facilities.
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