Question

Naman is running a business of manufacturing inverters in Delhi He has received an order for supply 20 inverters from BEST ELECTRONICS in Agra. As the amount of payment is more than rs 2 lakhs Best Electronics decided to transfer the funds electronically from their bank account. a)which service of bank has been referred to in the above paragraph.name and defineit. b) explain any 2 points related to benifitsot e-banking provided ta customers by banks.​

Answer 1

Answer:

is simply the use of electronic and telecommunications network for delivering various banking products and services. ... Through e-banking, a customer can access his account and conduct many transactions using his computer or mobile phone.