e banking

e banking

by durai

e banking

internet banking means any user with a PC and a browser can get connected to the banks' website to perform any of the virtual banking functions and avail of any ofthe bank’s services

e-banking

• Electronic Funds Transfer (EFT),

• Automated Teller Machines (ATM)

• Point of Sales (PoS),

• Electronic Data Interchange (EDI)

• Credit Cards Electronic or Digital cash.

Benefits

• e-banking provides 24 hours, 365 days a year services to the customers of the bank;

• Customers can make some of the permitted transactions from office or house or while traveling via mobile telephone;

• It inculcates a sense of financial discipline by recording each and every transaction;

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Benefits

• Greater customer satisfaction by offering unlimited access to the bank, not limited by the walls of the branch and less risk and greater security to the customer as they can avoid traveling with cash

• e-banking provides a competitive advantage to the bank

• e-banking provides an unlimited network to the bank and is not limited to the number of branches,

benefits

• Load on branches can be considerably reduced by establishing a centralized database and by taking over some of the accounting functions.

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