Question:
What is Internet banking?
What is Internet banking?
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Remember: Internet banking = Your bank branch on your laptop or phone, open 24/7.
Updated On: Jul 1, 2025
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Solution and Explanation
Internet banking, also known as online banking, is a digital service that allows customers to access their bank accounts and perform various banking operations using a computer or mobile device connected to the internet.
It provides a convenient way to check account balances, transfer funds between accounts, pay bills, apply for loans, open fixed deposits, and more — all without visiting a physical branch.
Internet banking is secure, time-saving, and available 24/7, making banking services accessible anytime and anywhere.
Banks use encryption and secure login systems to protect customers’ information and transactions online.
Overall, internet banking has transformed traditional banking by offering customers easy, fast, and paperless banking services.
It provides a convenient way to check account balances, transfer funds between accounts, pay bills, apply for loans, open fixed deposits, and more — all without visiting a physical branch.
Internet banking is secure, time-saving, and available 24/7, making banking services accessible anytime and anywhere.
Banks use encryption and secure login systems to protect customers’ information and transactions online.
Overall, internet banking has transformed traditional banking by offering customers easy, fast, and paperless banking services.
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