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: -IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. IMPS is an emphatic tool to transfer money instantly within banks across India through mobile, internet and ATM which is not only safe but also economical both in financial and non-financial perspectives.

Detailed explanation-3: -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 do tasks, such as paying bills and transferring money, without having to visit or call your bank.

Detailed explanation-4: -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.