What is E-Banking? What is the importants of it?
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Explanation:
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.
IMPORTANCE OF E-BANKING:
It provides ways for international banking. It provides banking throughout the year 24/7 days from any place have internet access. It provides convenience in terms of capital, labour, time all the resources needed to make a transaction.
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