Net-Banking:
The Internet provides a secure
medium for transferring funds electronically between bank accounts, and also
for making banking transaction over the Internet. All banking activities that
were conventionally carried by visiting a bank can now be done through a
computer with Internet access. Credit cards transactions are a form on
Internet Banking.
With Net-Banking, you can not only view your account balance but also open a
Fixed Deposit, transfer funds, pay your electricity, telephone or mobile phone
bills and much more.
And now, through Net-Banking, you can view not only your Bank accounts but
also your other Bank accounts. So you can actually view many banks at the same
time on one screen!
Example...
Definition:
when banking
transactions such as transfers, payments and often home loan applications can
be made via the Internet. in other
words: the facility for the customers to use the Internet, a decentralized
electronic network with worldwide access, to obtain account/ custody account
information and place payment and securities orders. Safe data transmission
channels protect the confidentiality of the information conveyed. Internet
banking is one form of Home banking.
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