1. What is Internet Banking?
Internet banking, also known as online banking or e-banking or Net Banking is a facility that offers banks and financial institutions that allow customers to use online banking services. Customers do not need to visit their bank branch office to receive individual services. Not all account holders have access to online banking. If you would like to use online banking services, you must sign up for the center while opening an account or later. You must use a registered customer ID and password to access your online bank account.
See also: IFSC Code Finder Tool for all Banks
2. Features Online Banking
• View online account statement.
• Open a fixed deposit account.
• Pay bills such as water bills and electricity bills.
• Make merchant payments.
• Transfer funds.
• Order a check book.
• Buy general insurance.
• Recharge the paid phone / DTH.
See also: MICR code for all banks
3. Benefits of Internet Banking
The benefits of an online banking are as follows:
• Availability: You can use banking services day and night throughout the year. Most of the services offered are not timed; you can check your account balance at any time and transfer funds without waiting for the bank to open.
• Easy to Use: Using the services offered online banking is simple and easy. Many find it easier to make online transactions than to visit the branch in the same way.
• Simple things: You don't have to leave your jobs behind and stand in line at a bank branch. You can complete your transaction from anywhere. Pay utility bills, regular account installments, and others using online banking.
• Working Time: You can complete any transaction in a matter of minutes with online banking. Funds can be transferred to any account within the country or open a fixed deposit account immediately in net banking.
• Job tracking: If you make a transaction at a bank branch, you will receive a receipt for approval. There is a chance that you will lose it. On the contrary, all your activities in the online banking section of the bank will be recorded. You can show this as proof of transaction if necessary. Details such as the name of the payer, the bank account number, the amount paid the date and time of payment and comments if anything is to be recorded.
see also: SWIFT CODE for all banks
Read also:
SBI Bank IFSC Code for all Branches in India
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