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Question -

Mention the services which are provided by transactional category of an E-banking.



Answer -

  1. There are no geographical barriers and the services that can be offered at a minimum cost.
  2. Through Internet banking, you can check your transactions at any time and as many times as you want to.
  3. If the fund transfer has to be made outstation, where the bank does not have a branch, the bank would demand outstation charges, whereas with the help of online banking, it will be absolutely free for you.
  4. Internet banking deploys the Internet as a medium for financial transaction.
e.g. a customer login to his or her bank account by accessing the bank Website.

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