BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What do you mean by home banking?
A
Home banking is an extended version of tele banking.
B
in home banking the customer is able to access his personal account from his home for availing a variety of services which is made available.
C
home banking is availed through the customer’s personal computer attached to a telephone line and modem
D
All of the above
Explanation: 

Detailed explanation-1: -Home banking is the practice of conducting banking transactions from home rather than at branch locations. Home banking includes mobile banking, web banking, banking over the telephone, and banking by mail. Saving time and reducing physical risks are the main benefits of home banking.

Detailed explanation-2: -Banking wherever you need to be. There are many common banking tasks you can do without ever coming into a branch. This freedom is one of the main benefits of online banking. From the comfort of your home, while you are at work, or even from a trusted friend’s house, you can deposit checks, pay bills or transfer money.

Detailed explanation-3: -Digital Banking allows you to perform banking through multiple avenues like your desktop computer, tablet, laptop, etc., whereas Mobile Banking is only accomplished via mobile devices. Plus, you can conduct mobile Banking with the internet via banking apps or without the internet via SMS.

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