BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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paperless
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easy
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slow
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average
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Detailed explanation-1: -Electronic banking, which is also known as electronic fund transfer (EFT), refers to the transfer of funds from one account to another through electronic methods. A 2015 study by the Federal Reserve found that 22 percent of mobile phone owners use mobile payments.
Detailed explanation-2: -The major types of E-banking are online internet banking, mobile banking, automated teller machine (ATM), and debit and credit cards.
Detailed explanation-3: -Internet banking allows you to access your bank account on the go. You initiate online fund transfers via facilities like NEFT, RTGS, IMPS etc. You can view account balance and past transactions remotely at any time. You can pay utility bills and recharge mobile and DTH devices with internet banking.