Since its inception in last 1980s, Internet banking has become an integral part of consumer banking. Internet banking allows the customers to conduct financial transactions on a secured website as per their convenience.
Benefits offered by Internet Banking to its customers
Easy banking transactions from any place in the world. Only an internet connection is sufficient to do all the financial transactions using internet banking.
Gives option to receive bills and make online payment, thus saving time, fuel, money and paper.
All the fund transfer transactions can be easily done using internet banking facilities.
Investment in mutual funds, PF, Pension funds and purchase of equity shares can be done using online Demat accounts associated with internet banking.
Consumers can apply for loans, credit card, fixed deposits etc through internet banking which helps to reduce time and effort associate with the same
Can check balance and transaction details at any point of time.
Can use internet banking for any clarification and service request related to banking products and issues.
Can carry out other transactions like change in address, change in contact number etc with much ease without visiting the branch.