BANKING AFFAIRS

Detailed explanation-1: -Total convenience But online banking allows you to perform banking transactions 24 hours a day and from anywhere you have internet access. This easy access means you can check your account balance, transfer funds, and even make deposits without visiting your local bank branch or wasting time standing in line.

Detailed explanation-2: -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.

Detailed explanation-3: -ATMs are electronic terminals that let you bank almost virtually any time. To withdraw cash, make deposits, or transfer funds between accounts, you generally insert an ATM card and enter your PIN.

Detailed explanation-4: -The major types of E-banking are online internet banking, mobile banking, automated teller machine (ATM), and debit and credit cards.