Question

What is e-banking? Explain the different types of
Accounts that can be opened in banks.​

Answer 1

Answer:

E banking is the electronic banking.

Accounts:

1.Saving account

2.current account

3.recurring account

4.fixed deposit account

5.home safe account.

Explanation:

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Answer 2

Electronic banking, Use of computers and telecommunications to enable banking transactions to be done by telephone or computer rather than through human interaction. Its features include electronic funds transfer for retail purchases, automatic teller machines (ATMs), and automatic payroll deposits and bill payments.

The different types of bank accounts are – Savings Account, Current Account, Recurring Deposit Account, Fixed Deposit Account, DEMAT Account, NRI Account.

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