Q.Discuss any thee ways in which e-banking can be conducted.
Dear student,
For conducting e-banking, one need to avail Internet banking facility from the bank in which he holds an account.
e-banking can be conducted in many ways:
1. Electronic fund transfer (EFT): It facilitates transfer of funds directly from one account to other.
2. Automated teller machine (ATM): It facilitates withdrawal of money any time from the account.
3. Credit card: It allow card holder to withdraw an amount upto a certain limit, irrespective of amount he holds in his account.
4. Debit card: It allow card holder to withdraw money or make payment upto the amount he holds in his account.
Regards
For conducting e-banking, one need to avail Internet banking facility from the bank in which he holds an account.
e-banking can be conducted in many ways:
1. Electronic fund transfer (EFT): It facilitates transfer of funds directly from one account to other.
2. Automated teller machine (ATM): It facilitates withdrawal of money any time from the account.
3. Credit card: It allow card holder to withdraw an amount upto a certain limit, irrespective of amount he holds in his account.
4. Debit card: It allow card holder to withdraw money or make payment upto the amount he holds in his account.
Regards