Question

explain meaning and and e-banking of benefit​

Answer 1

Answer:

e-banking provides 24 hours, 365 days a year services to the customers of the bank. (ii) It lowers the transaction cost. (iii) It inculcates a sense of financial discipline and promotes transparency. (iv) Customers can make the transactions from office, home or while travelling via cellular phones.

Explanation:

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Answer 2

Answer:

Thus, e-banking is a service provided by banks that enables a customer to conduct banking transactions, such as checking accounts, applying for loans or paying bills over the internet using a personal computer, mobile telephone or handheld computer. ... (ii) It lowers the transaction cost.

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