Internet banking, also known as online banking or e-banking, refers to banking services and transactions that customers can access and perform over the internet using a computer or mobile device.
Services offered:
1. View account balance, transaction history and statements.
2. Transfer funds within the same bank or to accounts with other banks (via NEFT, RTGS, IMPS, etc.).
3. Pay bills, credit card bills, loans, insurance premiums, etc.
4. Apply for loans, check loan eligibility, repay loans, etc.
4. Order chequebooks, contact information, stop payment requests, and more.
Benefits:
1. Customers can perform banking transactions anytime and anywhere without visiting the branch.
2. Avoid queues and save time on banking transactions.
3. Access to 24/7 banking services, even on holidays.