Question

Write short notes on.

(1) Net Banking​

Answer 1

Banking online means accessing your bank account and carrying out financial transactions through the internet on your smartphone, tablet or computer. It's quick, usually free and allows you to carry out a number of tasks such as paying bills and transferring money, without having to visit or call your bank.

Answer 2

Answer:

Net Banking, also known as online banking or Internet Banking, is an electronic payment system. It allows you to conduct many different types of transactions through the internet from the comfort of your home. Be it transferring funds to another bank account or checking the transaction statements, you can do them all and much more with the help of Internet Banking.

Explanation:

Key benefits of Internet Banking:

Apart from the convenience, online banking offers a host of other benefits too:

•Saves time

•Allows you to do financial transactions 24x7

•Complete safety

•Mobile access

Important tasks made easy with Internet Banking:

You can do a host of financial and non-financial transactions with the help of online banking. Some of the popular things are:

•Funds transfer

•Checking account statement

•Opening Fixed Deposit (FD)

•Applying for a new cheque book

•Applying for new Debit Card PIN

•Paying taxes, utility bills, insurance premium, etc.

•Applying for loans.