There is no way around it. Technology has revolutionised the way the world functions, and it has made our lives very convenient and easier to navigate. Banks are no stranger to adopting technology to create a smoother and more secure banking experience. Net-banking is here to stay; from logging in to your account through a PC, to making transactions from a user-friendly e-banking app.
What is internet banking?
Also known as e-banking or online banking, net-banking is a service provided by the banks, which allows you, the account holder, the ability to conduct your banking activities over the internet. This can be done by logging into your bank account through the bank’s website via a pc or a laptop, or through an app on your mobile phone.
You can use this facility to make bill payments, transfer money, open a new account and track your account activity, amongst other things. This service also benefits the banks as they can reach out to their customers and provide them with relevant information, more conveniently.
Why should you opt for e-banking?
There are several advantages when it comes to availing the internet banking apps.
1) Convenience
This is the first and foremost aspect that makes internet banking such an attractive prospect for account holders. You can transfer money and make your bill payments through an e-banking app on your mobile phone, from anywhere, if you have an internet connection (something that every mobile service provider has enabled people to enjoy).
2) Ease of operation
No more standing in long queues and attempt to fill out complicated looking forms, thanks to the net-banking services which require no more of you than to log in to your account and provide the one-time password that the bank generates for every transaction you conduct.
3) Better rates
Banks find it more convenient and practical to provide customers with online banking services as this frees them from hiring extra staff and space for dealing with customers. This way, they accrue more savings and can then offer the customers these additional savings with better interest rates on deposits and loans. Consequently, banks provide customers minimum, or even zero balance, deposit accounts for online banking.
4) Efficiency
While banks save time and money due to customers opting for e-banking facilities, you can also save time and money by using such services. Consider the time you keep, and the fuel costs you avoid when you make any transaction online. With all that time cut down to a few minutes, you can now use your time more effectively and efficiently.
5) Round the clock service
Online banking doesn't require you to schedule an appointment with a bank executive unless it is necessary for you to meet with the said executive. You can use e-banking services anytime, any day of the week, throughout the year. Emergency situations are less intimidating, and easier to deal with thanks to these facilities.
6) Mobility
This is a convenience, emergency handling and efficiency all rolled into one. With the help of e-banking app, you can make any of your payments or money transfers from your phone. As mentioned already, mobile service providers have made internet accessibility an ever-present part of everyday life for everyone. Thus, internet banking apps have brought your banks into your pockets.
Hope this helps you make a right decision about your banking needs and the facilities you require from a bank. Do check out all the excellent services that all the banks provide through their e-banking apps.
What is internet banking?
Also known as e-banking or online banking, net-banking is a service provided by the banks, which allows you, the account holder, the ability to conduct your banking activities over the internet. This can be done by logging into your bank account through the bank’s website via a pc or a laptop, or through an app on your mobile phone.
You can use this facility to make bill payments, transfer money, open a new account and track your account activity, amongst other things. This service also benefits the banks as they can reach out to their customers and provide them with relevant information, more conveniently.
Why should you opt for e-banking?
There are several advantages when it comes to availing the internet banking apps.
1) Convenience
This is the first and foremost aspect that makes internet banking such an attractive prospect for account holders. You can transfer money and make your bill payments through an e-banking app on your mobile phone, from anywhere, if you have an internet connection (something that every mobile service provider has enabled people to enjoy).
2) Ease of operation
No more standing in long queues and attempt to fill out complicated looking forms, thanks to the net-banking services which require no more of you than to log in to your account and provide the one-time password that the bank generates for every transaction you conduct.
3) Better rates
Banks find it more convenient and practical to provide customers with online banking services as this frees them from hiring extra staff and space for dealing with customers. This way, they accrue more savings and can then offer the customers these additional savings with better interest rates on deposits and loans. Consequently, banks provide customers minimum, or even zero balance, deposit accounts for online banking.
4) Efficiency
While banks save time and money due to customers opting for e-banking facilities, you can also save time and money by using such services. Consider the time you keep, and the fuel costs you avoid when you make any transaction online. With all that time cut down to a few minutes, you can now use your time more effectively and efficiently.
5) Round the clock service
Online banking doesn't require you to schedule an appointment with a bank executive unless it is necessary for you to meet with the said executive. You can use e-banking services anytime, any day of the week, throughout the year. Emergency situations are less intimidating, and easier to deal with thanks to these facilities.
6) Mobility
This is a convenience, emergency handling and efficiency all rolled into one. With the help of e-banking app, you can make any of your payments or money transfers from your phone. As mentioned already, mobile service providers have made internet accessibility an ever-present part of everyday life for everyone. Thus, internet banking apps have brought your banks into your pockets.
Hope this helps you make a right decision about your banking needs and the facilities you require from a bank. Do check out all the excellent services that all the banks provide through their e-banking apps.
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