What is e-Banking . explain briefly
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e-Banking means any user with a personal computer and a browser can get connected to his banks website to perform any of the virtual banking functions. In internet banking system the bank has a centralised database that is web enabled. All the service that the bank has permitted on the internet are displayed in menu.
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Compared with traditional channels of offering banking services through physical branches, e-banking uses the Internet to deliver traditional banking services to their customers, such as opening accounts, transferring funds, and electronic bill payment.
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