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How is internet banking changing the banking system?
Internet banking or e-banking is changing the banking and its structure and is having major effects on banking relationships. Banking activity is now no longer confined to the branches where a customer has to approach the branch in person, for withdrawing cash or deposit a cheque or request for a statement of Accounts.
What are the advantages and disadvantages of internet banking?
Main advantages are as follows. It provides ways for international banking. It provides banking throughout the year 24/7 days from any place have internet access. It provides well-organized cash management for internet optimization It provides convenience in terms of capital, labour, time all the resources needed to make a transaction.
What to learn from essay on internet banking?
After reading this essay you will learn about: 1. Meaning of Internet Banking 2. Objectives and Drivers of Internet Banking 3. Trends in India 4. Facilities Available 5. Emerging Challenges 6. Main Concerns 7. Strategies to be Adopted by Indian Banks. Essay on the Objectives and Drivers of Internet Banking
What is the story of internet banking information technology?
Online banking has opened doors for all the customers to operate beyond the boundries.It allows people to carry out their banking transactions by using safe websites functioned by their respective banks. The story of technology in banking started with the use of punched card machines like Accounting Machines or Ledger Posting Machines.
Last Update: Oct 2021
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