Question

Explain, What is E-banking and its advantages?

Answer 1

E-banking is a method of banking in which the customer conducts transactions electronically via the internet.

Advantages of E-banking are:

1.The cost of operation per unit of services is lower for banks. 

2.Offers convenience to customers since they are not required to go to the bank's facilities.

3. There is a very low incidence of errors.

The customer can obtain funds at any time