Bank customers can do their transactions through these avenues – Online and Offline banking. Online banking is also known as Internet banking. It is convenient and customer friendly. To do online banking, one needs to know about the internet. Thus, those who are unaware of its use do their transactions through offline banking, which means visiting a bank branch.
Online banking – how does it work?
Online banking is an electronic payment system in which you can conduct financial transactions through the bank’s website and mobile application. For example, SBI conducts net banking through its mobile application YONO (You Only Need One).
To log in to online banking, you need a login ID and Password provided by the bank with which you have opened your savings account.
Online banking can be accessed on a computer/tablet/mobile phone with an internet connection. Upgrade to Subscription - Reading Program to unlock this content!This content is locked
Citations :
Power Words :
- Transactions
- Credentials
- Conventional
- Malware
- Siphon-off
- Malicious
- Skimming
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