BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Name any E-Banking service which is based on voice processing facility?
A
Any time banking
B
Tele-banking
C
On-line banking
D
Any where banking
Explanation: 

Detailed explanation-1: -Telephone banking is a service provided by a financial institution, which allows its customers to perform transactions over the telephone. The function of telebanking services is based on the voice processing facility available with the bank computers.

Detailed explanation-2: -telebanking. Examples are ordinary telephone conversations, teleshopping, telebanking or video conferencing services, all of which are communications of an essentially private kind.

Detailed explanation-3: -Telephone banking is a service provided by a bank or other financial institution, that enables customers to perform over the telephone a range of financial transactions which do not involve cash or Financial instruments (such as cheques), without the need to visit a bank branch or ATM.

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