225
Question
What is the name of the facility provided by banks for smooth transactions through the use of internet services?
What is the name of the facility provided by banks for smooth transactions through the use of internet services?
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Solution
The correct option is B E-banking
E-banking facilitates smooth transactions through the use of internet services. It is beneficial in cases where you cannot physically go and carry out the banking function.
For example, transferring money from one account to another. If a person is unable to do it physically through a cheque or DD, one can easily transfer it through e-banking from the comfort of their homes.
E-banking facilitates smooth transactions through the use of internet services. It is beneficial in cases where you cannot physically go and carry out the banking function.
For example, transferring money from one account to another. If a person is unable to do it physically through a cheque or DD, one can easily transfer it through e-banking from the comfort of their homes.
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