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Monday, 25 May 2015

Interview Question And Answer

What is E-Banking ?

E-banking refers to electronic banking. It is like e-business in banking industry. E-banking is also called as "Virtual Banking" or "Online Banking".
E-banking is a result of the growing expectations of bank's customers

Tell about Popular services covered under E-Banking

  1. Automated Teller Machines,
  2. Credit Cards,
  3. Debit Cards,
  4. Smart Cards,
  5. Electronic Funds Transfer (EFT) System,
  6. Cheques Truncation Payment System,
  7. Mobile Banking,
  8. Internet Banking   
  9. Telephone Banking, etc.
Advantages of E-Banking
  1. The operating cost per unit services is lower for the banks.
  2. It offers convenience to customers as they are not required to go to the bank's premises.
  3. There is very low incidence of errors.
  4. The customer can obtain funds at any time from ATM machines.
  5. The credit cards and debit cards enables the Customers to obtain discounts from retail outlets.
  6. The customer can easily transfer the funds from one place to another place electronically.


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