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As part of the Financial Inclusion the following acts as an alternative to the Branch Banking.
  • a)
    Online Banking
  • b)
    Mobile Banking
  • c)
    Issuing of ATM Cards
  • d)
    Kiosks
  • e)
    All of these 
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
As part of the Financial Inclusion the following acts as an alternativ...
Mobile Banking: It refers to the use of a mobile device to carry out financial transactions anywhere.
  • ​This service is provided by majorly all financial institutions, especially banks.
  • Mobile banking enables customers to carry out various transactions, which may vary depending upon institutions.
  • Mobile banking service can be categorized into, account information, transaction, investment, support service, content, and news.
  • It can be done either through the internet or SMS.
  • In 2002 mobile banking was started in India by a way through SMS.
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