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Information about Internet banking in india​


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Answers

Answered by TUSHARD964
2

Internet banking, also known as online banking, e-banking or virtual banking, is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website.

The benefits of this facility for the customers are unending. Internet banking in India is a welcome change for the customers and a money-spinning delivery network for the financial institutions. Mentioned below are some of the advantages of Internet banking in India:

The customer can access his account anytime and from any part of the world,

Attracts new customers

Facilitate the offering of more services

No monthly payments are required to forfeit for availing this service,

Free of charge bill reimbursement and refunds on ATM surcharges,

Attractive interest rates on CDs, savings, etc.,

Credit card service at minimal charges,

Simple online submissions for personal accounts, loans and credits,

Increase customer loyalty

Provide services offered by competitors

Reduce customer attrition

High-tech technical advancements in the form of intrusion detection systems (IDS) to virus control equipments have made Online Banking system fool proof and hazard free. However, regardless of the fact it is vital on the part of every customer to undertake few precautionary measures while transacting online.

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Answered by solequeen
1

hey mate

answer

internet banking

  • online banking is also known as internet banking .
  • its an electronic payment system .
  • it helps in financial. transactions.
  • it has features like account balance , obtaining statement , checking recent transactions ..and making payments ..etc..

I hope it helps you

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