What is 'Internet Banking'? Explain the benefits of Internet Banking.
Online banking, also known as internet banking, it is an electronic payment system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website. The online banking system will typically connect to or be part of the core banking system operated by a bank and is in contrast to branch banking which was the traditional way customers accessed banking services.
To access a financial institution's online banking facility, a customer with internet access will need to register with the institution for the service, and set up a password and other credentials for customer verification. The credentials for online banking is normally not the same as for telephone or mobile banking. Financial institutions now routinely allocate customers numbers,
__________ ______ ______ _________ ______ _______ _________ ______.
_________ _______ __________ ____ ________ _____ ___ ____ _________.
____ _________ ___ _____ _________ ______ __________ _________ _______.
__________ __________ ____ _____ ____ ______ __________ ____ _______.
______ ____ ____ ___ ____ ______ ______.
____ ____ __________ ______ _______ ________ ____ ________ ___.
___ _______ ___ ________ ___ _______ ________ _________ _______ ____ _____.
_____ __________ ___ ________ ___ _________ ___ __________ _________ ______.
______ _____ _____ ___ _______ ________ _____ ________ ______ ___ ____.
_______ _____ _______ _____ _____ ________ _____ ___ _________.
________ ______ _______ _______ _________ ___ _________ ____ ___ _____ _________.
______ _______ ______ ___ _____ _______ _______ _______ _____ ________ _________.
______ ___ _________ ________ ________ ______ _________ _______.
_______ _____ ____ ______ _______ __________ _____ ______ ______ ______ ______ ____.
_________ __________ ______ ___ _____ ___.
________ _______ _________ ______ ____ ____ _______ ______.
__________ _________ ___ ____ ______ ___.
_______ ________ ____ ____ ______ _________ ___.
______ ________ _________ ___ ____ ____ ___.
________ ____ _______ _________ _____.
___ _______ ___ _____ ________ ________ _______ __________ _______ _______.
________ ________ _______ _______ ______ ______ ___.
__________ ________ _________ ______ ________ __________ ____ __________ ___ ___.
_________ _________ _______ ______ _______ ______ ___ _____ ___ _________ _____.
__________ ______ __________ _______ _______ ________ _______.
_________ __________ __________ __________ ________ ___ _________ _______.
________ _______ _____ __________ _________ ____ __________.
____ ________ ___ ___ ______.
______ _____ __________ _____ ___ _________ ____ __________.
____ ____ __________ ____ _______ __________ ____ ____ ___ ________.
__________ ________ ___ ___ ____ _________ _______ ____.
- Solved Assignments
- Study Notes
- Guess Papers
- Question Papers
✓ Unlock up to 60% of the answer
✓ No payment required