What is e-banking ? What are the advantages of e-banking ?

Solution

Today's world is of computers. Computers are affecting each and every walk of life of an individual or an organisation. By the extensive network of computers connected through internet, the world is rendered into global village. the emergence of Internet banking, banking scenario is also changing rapidly, e-banking implies performing all the functions of commercial banks to be conducted electronically

Advantages of e-banking.

1. It helps to manage savings and checking accounts, apply for loans quickly and easily round the clock.

2. Customers can see balances on line and find out whether cheques or deposits have cleared.

3. Customers can easily transfer funds between accounts.

4. It provides demat services for shares.

5. Customers can easily down load financial information (relating to their FDs, A/c, cheques, bills etc.) into personal computer quickly.

Some More Questions From Business Services Chapter

Explain any three considerations which a business firm should take into account for choosing a suitable mode of transport.

Under the principle of subrogation, why does the right of ownership of damaged property pass on to the insurer after the compensation has been paid to the insured ?

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Business Services

What is e-banking ? What are the advantages of e-banking ?

Some More Questions From Business Services Chapter

What do you mean by the term transportation ?

What do you mean by the term warehousing ?

What do you mean by Public Warehouse ?

What is meant by cold storage houses ?

Explain any three considerations which a business firm should take into account for choosing a suitable mode of transport.

Under the principle of subrogation, why does the right of ownership of damaged property pass on to the insurer after the compensation has been paid to the insured ?

How does the insurance distribute the loss ?

What do you mean by specialised banks ? Give three examples of specialised banks.

Write down the types of postal services.

Name the services included in postal services.

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