Question

what is banking over internet known as? state any 1advantage of banking over internet. briefly explain neft as banking service​

Answer 1

Answer:

1) Netbanking.

2) Speed and efficiency.

3) National Electronic Funds Transfer (NEFT) is a nation-wide payment system facilitating one-to-one funds transfer.

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Answer 2

Answer:

Online banking,

Speed and efficiency,

NEFT is a payment system that enables electronic transfer of funds from one bank to another bank account. Money transfer can be made by an individual or company to an individual or company's bank account with any bank that is a member of the NEFT scheme, according to the Reserve Bank of India (RBI).

Explanation:

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