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what is e banking
Answers
Answer:
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Explanation:
E-Banking is a popular term now a days to carry out the banking operations through electronic media like telephones mobiles and internet there is no need to go to the bank for any banking operation now banks have adopted it process largely in past two decades.
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Answer:
The industry which handles cash, transactions, money, checks, drafts and similar things, is called Banking.
This industry is mainly monitored through Banks.
Banks are the means to exchange cash and transactions.
Nowadays, Online banking is also in running mode to make transactions easier.
Those form of banking is called e banking which takes the help of electronics and communications.
We can now easily send and receive our money from one Account to other sitting at home.
Banking sector is one of the main source of GDP growth and economic development.
Banks provide safe place to store our money and cash for lifetime.
They grant us loans for house, vehicles and others.
Many scheme are Being run by government in banks for our convenience.
Banks are very crucial for our economy.