Question

What is E-banking? (Topic:Business Services)

Answer 1

a method of banking in which the customer conducts transactions electronically via the Internet.

Answer 2

Answer:

E banking:

E-banking means electronic banking. E banking is doing banking transactions using internet platform .

Example is doing an NEFT/ RTGS using the mobile app rather than going to the branch. It has many advantages like it is time saving, easy to use and since almost all banks are now coming to e banking , costing the branches apart from cash transactions is not at all required. You can even give a request for DD through e banking and get it collected later.

Using a credit card is a form of e-banking.