What are the benefits of e-banking?

Commerce Question

6 Answers
Priyanshu Tiwari answered Oct 26, 2019
Less time to transfer money to other

Ræjû Bhæï answered Dec 30, 2019
✓The cost of operation per unit of services is lower for banks.

✓Offers convenience to customers since they are not required to go to the bank's facilities.

✓There is a very low incidence of errors.

✓The customer can obtain funds at any time from ATMs.
✓Credit cards and debit cards allow customers to get discounts at points of sale.

✓The customer can easily transfer the funds from one place to another place electronically.

Ummai Arshi answered Dec 30, 2019
Ek baar OTP mil jay bss sary faydy mil jaty hai

Gavish Kumawat answered Oct 10, 2019
Less time amount Will be transfer to other

Arpan answered Oct 27, 2019
* easy transfer of funds .
* there is a very low incidence of errors.
* the cost of operation per unit of service is lower for banks.
* offer convenience to customers since they are not required to go to the bank's facilities.

Shashank Sharma answered Dec 30, 2019
Cost effective

This discussion on What are the benefits of e-banking? is done on EduRev Study Group by Commerce Students. The Questions and Answers of What are the benefits of e-banking? are solved by group of students and teacher of Commerce, which is also the largest student community of Commerce. If the answer is not available please wait for a while and a community member will probably answer this soon. You can study other questions, MCQs, videos and tests for Commerce on EduRev and even discuss your questions like What are the benefits of e-banking? over here on EduRev! Apart from being the largest Commerce community, EduRev has the largest solved Question bank for Commerce.