Computer Science, asked by atulm5259, 1 month ago

What is e- banking ? what are the benifits of e- banking.​

Answers

Answered by hardik000000001
1

Answer:

E-banking is a method of cashlesss transactions

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.

Explanation:

BENEFITS OF E-BANKING ARE:

1. Cashlesss money transactions

2. No actual contact

3.Reduces the risk of money snatching

4. customers since they are not required to go to the bank's facilities

5.There is a very low incidence of errors

6. The customer can get funds anytime

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