{"id":7910,"date":"2013-01-29T08:38:36","date_gmt":"2013-01-29T08:38:36","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=7910"},"modified":"2024-04-12T14:13:54","modified_gmt":"2024-04-12T08:43:54","slug":"electronic-banking","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/electronic-banking\/","title":{"rendered":"Business Accounting Tutorial | Electronic Banking"},"content":{"rendered":"\n

Go back to Tutorial<\/a><\/p>\n\n\n

Computer has eased human life. Every day new dimensions of its utility are emerging. Electronic Banking is a boon to the society by computer technology. Use of computers have automated banking process and thus has given birth to eBanking. eBanking is a fast spreading service that allows customers to use computer to access account-specific information and possibly conduct transactions from a remote location – such as at home or at the workplace.<\/p>\n

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Benefits of Electronic Banking<\/strong><\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Real time banking : Unlike traditional banking which suffers from time consuming procedures, eBanking provides real time banking to the customers.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Obtain relevant information about your account instantly.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Access all the details about your account sitting at home or at any distant location. eBanking has turned whole world into a small village.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 24\/7 banking: eBanking has removed the time constraint from banking.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Safe and secure Banking: Electronically enabled banking is more immune to security and safety related problems. Password Based Encryption (PBE), Secure Socket Layer (SSL), electronic signatures and electronic tokens gives a high level of security.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Any malfunctioning or any inconsistency in your account can be traced easily. This makes eBanking more reliable.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Easy Loans: Use of smart cards, debit cards, credit cards saves time consuming loaning procedures.<\/p>\n

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 High Performance and flexibility<\/p>\n

Services Offered by E-Banking<\/b><\/p>\n