FOIT XB

With the advent of this technology , It has simplified many things which took a longer time in usual. In the early time , before the internet and the other related topics , A simple thing of transferring money was such a big deal of going from one counter to another. But now just open the mobile app or the bank site enter the required details and DONE!(more emphasis). The internet has been very useful in making the process faster and easier. It always easy for the bank as there would be less customers to handle in the branch and there would be very less crowd! There would be paper less work  and any information can be accessed through the bank intranet by the bankers. The customers would also have to spend less time in these things and they won't have to run along so much!

Though there are many advantages of internet banking, but nothing comes without disadvantages and everything has its pros and cons; same is with internet banking. It also has some disadvantages which must be taken care of. The disadvantages of online banking include the following: Understanding the usage of internet banking might be difficult for a beginner at the first go. Though there are some sites which offer a demo on how to access online accounts, but not all banks offer this facility. So, a person who is new, might face some difficulty. You cannot have access to online banking if you don’t have an internet connection; thus without the availability of internet access, it may not be useful. Security of transactions is a big issue. Your account information might get  hacked  by unauthorized people over the internet. Password security  is a must. After receiving your password, do change it and memorize it otherwise your account may be misused by someone wh...

Internet Banking has several advantages over traditional one which makes operating an account simple and convenient. It allows you to conduct various transactions using the bank's website and offers several advantages. Some of the advantages of internet banking are: Online account is simple to open and easy to operate. It is quite  convenient  as you can easily pay your bills, can transfer funds between accounts, etc. Now you do not have to stand in a queue to pay off your bills; also you do not have to keep receipts of all the bills as you can now easily view your transactions. It is available all the time, i. e. 24x7. You can perform your tasks from anywhere and at any time; even in night when the bank is closed or on holidays. The only thing you need to have is an active internet connection. It is fast and efficient. Funds get transferred from one account to the other very fast. You can also manage several accounts easily through internet banking. Through In...

Now that we know what actually banking is Let's understand the term e-banking. In simple terms We can say that a bank in our finger tips is nothing but e-banking. Internet Banking refers to the banking services provided by the banks over the internet. Some of these services include paying of bills, funds transfer, viewing account statement, etc. Banks also deliver their latest products and services over the internet. Internet banking is performed through a computer system or similar devices that can connect to the banking site via the internet. Nowadays, you can also use internet banking on your mobile phones using a Wi-Fi or mobile data. With the ease of availability of cyber cafes in the cities, it has become quite popular.Banking is now no more limited in going and visiting the bank in person for various purposes like depositing and withdrawing money, requesting for account statement, stop a payment, etc. You can do all these tasks and many more using the online services o...

Good Morning everyone. For those of you who have yet to make our acquaintance, please allow me to introduce our group. (introduce everyone) Today we are going to talk about one of the major aspect of an economy ...i.e. The Banking. We will be mostly speaking about e-banking that is even called internet or online banking. When we talk or speak about banking ...We must have thought What is banking?   Banking is just a simple term of  business activity of accepting and safeguarding money owned by other individuals and entities. Now . Moving on     Let's understand what is e-banking ?