With more people becoming tech friendly banks are offering services which are more convenient to people who are busy most of the time.
These services can be done at finger tips and probably 24/7 according to your convenience. This can be done without visiting a branch and services includes access to accounts, transact business, or obtain information on financial products and services through a public or private network, including the Internet.
Advantages of E-banking
- Can transact 24 hours a day
- Cost reduction
- Very convenient.
- Easy way of payment
The main disadvantage of e-banking is trust and safety measures. One has to ensure double safety before any transaction.
Here are few services offered by banks through e-banking:
Online credit card payment
Net banking with any bank will help you track your credit card account and know when your credit card bills are due for payment.
With the help of internet banking you can pay multiple bills within minutes. For this one has to register remittance address just one time for each vendor.
EMIs are the best ways of online remittance of money automatically on the due date set by you. Click to know more on EMI.
Having a RTGS and NEFT can help you transfer money easily without using cheque leaf and demand draft.
E-statements services is eco friendly where you can find your statements in your mail box. Advantage is that there is no hassle of maintaining physical copy.
This option is very useful when traveling . You can get to know balance in your account, can request cheque book, stop payment of cheque can be done.