Q.Write about E-Banking.

E-Banking is the use of electronic and digital channels (ATM, internet, mobile, cards, NEFT/RTGS/UPI) to deliver banking services conveniently, quickly and round the clock.

In the Tamil Nadu HSC Commerce syllabus (Banking), E-Banking is studied as a modern banking service.

• Meaning: E-Banking is the delivery of banking products and services through electronic and computerised channels instead of the traditional branch counter.
• Forms of e-banking: Automated Teller Machines (ATMs), internet/online banking, mobile banking, debit and credit cards, and electronic fund-transfer systems such as NEFT, RTGS and UPI.
• Advantages: It offers 24×7 convenience, speed, lower cost and paperless transactions; customers can check balances, transfer money and pay bills from anywhere. …