Online banking is also known as home banking , web banking and internet banking . Customers are not required to visit to a bank physically for any transactions they want to do . It’s a platform that allows consumers to do financial transactions from their PC , aided by the power and convenience of the Internet .
Some of the many advantages of online banking are :-
If you use online banking for your business your banking fees will be low .Online banks are always available at any time, anywhere .Opening your bank account takes less time as compared to opening one in a physical mode .
Best and most used online banking applications in India are:
These applications provide security in transaction . You can create your bank account through them from home .You don’t have to visit any branch physically . All of these banks provide transaction facility for 24*7 .
Types of services provided by online banking include :-
A computer or other device , an Internet connection , and a bank or debit card are required for online banking . Clients must first sign up for their bank ‘s online banking service in order to use the service . They must generate a password in order to register .The user needs to fill in the details asked by the net banking platform like account number, CIF number etcetera .You will need internet access for online banking .
Banking online is using your smartphone , tablet , or computer to access your bank account and conduct financial transactions via the internet .It ‘s quick , generally free , and allows you to complete chores like bill payment and money transfer without having to visit or phone your bank .The funds will be available in your bank account for you to use on the very next day when you open account or on the next business day . You can access and manage your loan , mortgage and other payments via internet .
The following services are provided by the finest online banks :