E- BANKING – ITS IMPACT ON THE SOCIETY

Banking

Banks play a vital role in the life of each and every individual. They are financial institutions which deal with the circulation of money from the investors hand to the hands of the needy ones. These were carried out in the instant periods through direct services with the bank. But now by the advent of technology, the era of e-banking takes its place by shifting all the transactions through internet. Majority of the customers also find it as an easy venture rather than standing and waiting in long queues in the banks for settling their transactions. Various facilities like viewing account balances, ordering cheque books, bill payments, cash management, credit applications, demat holdings, financial advice, foreign exchange trading, insurance, online trading, opening accounts, requests and intimations, tax services, ATM services, telebanking, e-shopping, smart cards, asset management services etc., are being provided through e-banking.

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