E-Banking - Online Banking - Advantages Of The Ebanking

banking is a result of the growing expectations of bank E-Banking - Online Banking - Advantages of the Ebanking What is E-Banking ? Online 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.


banking is a result of the growing expectations of bank E-Banking - Online Banking - Advantages of the Ebanking

Image Credits © Jochem Koole.


E-banking involves information technology based banking. Under this I.T system, the banking services are delivered by way of a Computer-Controlled System. This system does involve direct interface with the customers. The customers do not have to visit the bank's premises.


banking is a result of the growing expectations of bank E-Banking - Online Banking - Advantages of the Ebanking Popular services covered under E-Banking ↓


The popular services covered under E-banking include :-

  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.


banking is a result of the growing expectations of bank E-Banking - Online Banking - Advantages of the Ebanking Advantages of E-Banking ↓


The main advantages of E-banking are :-

  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.

Komentar

Posting Komentar

Postingan populer dari blog ini

Balayam Nail Rubbing Exercise Cures Alopecia, Hair Loss, Bald

Gambar
Disclaimer! Following article is not an outcome of a medical research nor mentions any scientific evidence to support its claim. Subject below is controversial in nature and is completely based on author's personal experience. Before imitating on any of the following, please do consult a registered medical professional. Author of this article is neither a doctor, nor he is involved in any health related research studies. Whether to or not to trust material below is left to you. This is for your kind information to avoid consequences, if any, arising by using information published on this website. 1. What is Balayam ? Balayam, a Yoga technique, was invented in India by ancient Rishi Munnis (Wise Sages) who were maestro Yogis (Yoga Masters) and Vaidyas (Doctors) of their time. These scholarly Indian ancestors who even excelled in science of Ayurveda and Human Physiology found Balayam as a simple solution to the most complex dilema of baldness. According to them, Balayam or Na...
Baca selengkapnya

Graicunas Theory Of Span Of Control - Example And Formula

Gambar
Graicunas Theory of Span of Control Vytautas Andrius Graiciunas (1898-1952) was a Lithuanian french management consultant, management theorist and engineer. Image Credits © Verslo Naujienos . In 1933 , he published a paper called " Relationship in Organisation ." In this paper, he mentioned three types of Superior-Subordinate relationships, viz., Direct Single Relationships, Direct Group Relationships, and Cross Relationships. According to V.A. Graicunas, as the number of subordinates increases arithmetically (like 1, 2, 3, 4, 5, 6, etc.) the number of relationships which the superior has to control also increases almost geometrically (like 1, 6, 18, 44, 100, 244, etc.). Therefore, a superior can only control a limited number of subordinates, and anything beyond this limit is very hard to control. Example of Graicunas Theory V.A. Graicunas Theory can be explained with the help of this simple example. For example, consider Gaurav (G) is a superior (boss) and Manoj (M...
Baca selengkapnya

Types Of Inflation In Economics With Examples, Diagrams, Graph

Gambar
Types of Inflation This article briefly explains different types of inflation in economics with examples, wherever necessary. It is also supplemented with a hierarchical diagram to help readers summarize and quickly assimilate their list. Here are different types of inflation depicted and listed below. Image credits © Gaurav Akrani. The list is as follows: Coverage or scope: Comprehensive or Economy-Wide Inflation, and Sporadic Inflation. Time of occurrence: War-Time Inflation, Post-War Inflation, and Peace-Time Inflation. Government's reaction or control: Open Inflation, and Suppressed or Repressed Inflation. Rising prices: Creeping, Mild or Low Inflation, Chronic or Secular Inflation, Walking or Trotting Inflation, Moderate Inflation, Running Inflation, Galloping or Jumping Inflation, and Hyperinflation. Different causes: Deficit Inflation, Credit Inflation, Scarcity Inflation, Profit Inflation, Pricing Power, Administered Price or Oligopolistic Inflation, Tax Inflatio...
Baca selengkapnya