A method of banking in which transactions are deducted electronically via internet

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Direct Deposit
B	Online Banking
C	ATM
D	Test Alerts

Explanation:

Detailed explanation-1: -What Is Net Banking – Net Banking Meaning. Netbanking, also known as internet banking, is a digital method to conduct banking transactions by the means of the internet. It is an electronic system, which any individual with a bank account can activate and use for their financial proceedings.

Detailed explanation-2: -Meaning of E-Banking: Electronic banking has many names like web-based banking, e-banking, virtual banking, or web banking, and online banking. It is just the utilisation of telecommunications networks and electronic networks for conveying different financial services and products.

Detailed explanation-3: -Access to Other Services:Besides fund transfer, net-banking enables customers to use non-financial services such as balance check, requesting demand draft, issuance of cheque books, applying for a personal loan, tax payment, open FD/RD deposits, start investments, check mortgages, manage a trading account, and more.

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