Question

“Today internet banking is very popular.” Mention any four points of importance of internet banking.

Answer 1

1. Convenience: Customers can access their accounts 24/7 from anywhere.
2. Time-Saving: Transactions can be completed without visiting a branch.
3. Cost-Effective: Reduces the need for physical infrastructure and paperwork.
4. Enhanced Services: Offers additional services like bill payments, fund transfers, and account management.

Internet banking has revolutionized banking by offering secure, fast, and efficient services to customers.