E – banking or Electronic banking means conduct of banking operations through electronic means or devices such as computers, telephone, mobile phone, ATM, etc.
Benefits of E-Banking Services:
- E-Banking provides 24 hours, 365 days a year services to the customer of the bank.
- The operating cost per unit services is lower for the banks.
- It offers convenience to customers as they are not required to go to the bank’s premises.
- There is very low incidence of errors.
- The customer can obtain funds at any time from ATM machines.
- The customer can easily transfer the funds from one place to another place electronically.
