E-Banking

E Banking has revolutionized the world. It has just changed the way business is done. In the modern era e- banking has a great influence on all age group people. Though in a country like India most people aren't aware about E banking. So lets talk about it.

WHAT IS E-Banking?

Electronic banking uses an electronic medium to help users get access to their funds. It just eliminates the need for the customers to visit the Banks and stand in long queues.

With the expansion of knowledge in the internet field the digital medium of banking is becoming more accessible and convenient to the consumers.

Types of E- Banking services available to us-

1. Internet Banking- This service allows the customer to do financial and non financial transactions through the internet. A person can check his account statement, track transfer of funds etc.

2. Mobile Banking-Most of the banks have there respective apps available. A person can easily use this apps to do transfers, locate the nearest ATM etc.

3.Atm( automatic teller machine) - Most of the people are aware of this word ATM but do not know how to use it. By following the steps you can easily access it-

a) you have to get issued an ATM card along with which you will get a pin code.

b) then go to the ATM and insert the card and put the Pin given to you by the bank

By doing the following steps you can easily withdraw funds, deposit funds, change Debit Card Personal Identification Number (PIN), and use other banking services.

4) . Debit Card

You might already be using Debit Cards for many of your daily transactions. This card is connected to your bank account and you can use the funds from your account directly through this card. When you use your Debit Card for a transaction, the transaction amount is deducted from your bank account. You can use the card to pay at POS outlets, shop online, and withdraw cash from ATMs.

These are the some of the basics which will help you to understand E banking a bit easier.

""Gone are the days when people had to stand in long queues at the bank just to transfer money or get an account statement""

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