"E-Banking is an umbrella term for the process by which a customer may perform banking transactions electronically without visiting a brick-and-mortar institution."
Online banking or Internet banking
In simple terms it does not involve any physical exchange of money, but it’s all done electronically, from one account to another, using the Internet.
From a personal computer, you can access your bank account information, and perform many banking functions, like transferring money, making a loan payment.Once you register yourself on a bank website, you can view your accounts, credit card & home loan balances,Accrued interest, fees and taxes,Transaction
details of each account,Pay bills,Transfer funds to third party accounts which you nominate,Open a deposit right from the terminal you are sitting at.However, till now Internet services in India only allows for a minimum level of interactivity such as answering e-mail queries,Feedback forms,Articles asking for readers’ opinion at the end
An accountholder, armed with a password, can use the Net to order a cheque book, stop payment of a cheque and spot the balance and individual operations in the account and transfer funds.
Online banking or Internet banking
In simple terms it does not involve any physical exchange of money, but it’s all done electronically, from one account to another, using the Internet.
From a personal computer, you can access your bank account information, and perform many banking functions, like transferring money, making a loan payment.Once you register yourself on a bank website, you can view your accounts, credit card & home loan balances,Accrued interest, fees and taxes,Transaction
details of each account,Pay bills,Transfer funds to third party accounts which you nominate,Open a deposit right from the terminal you are sitting at.However, till now Internet services in India only allows for a minimum level of interactivity such as answering e-mail queries,Feedback forms,Articles asking for readers’ opinion at the end
An accountholder, armed with a password, can use the Net to order a cheque book, stop payment of a cheque and spot the balance and individual operations in the account and transfer funds.
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