Anjali lives in a small village in Uttar Pradesh. Her parents are very poor but have somehow managed to provide good education to Anjali. She comes to Delhi for her graduation. She works on a part time to help her family and fund her education. She wants to send money to her parents in the village but money order will take a lot of time. Her friend Jaya tells her about e-Banking. Anjali is very happy to know about this service of Banks. She wants to be well-versed with the services of e-Banking and its benefits. (a) Explain the concept of e-banking. (2 marks) (b) Explain the benefits of e-Banking to Anjali. (4 marks)

Anjali lives in a small village in Uttar Pradesh. Her parents are very

1.	Anjali lives in a small village in Uttar Pradesh. Her parents are very poor but have somehow managed to provide good education to Anjali. She comes to Delhi for her graduation. She works on a part time to help her family and fund her education. She wants to send money to her parents in the village but money order will take a lot of time. Her friend Jaya tells her about e-Banking. Anjali is very happy to know about this service of Banks. She wants to be well-versed with the services of e-Banking and its benefits. (a) Explain the concept of e-banking. (2 marks) (b) Explain the benefits of e-Banking to Anjali. (4 marks)
Answer» <html><body><p>ng is a product designed for the purposes of online <a href="https://interviewquestions.tuteehub.com/tag/banking-21796" style="font-weight:bold;" target="_blank" title="Click to know more about BANKING">BANKING</a> that <a href="https://interviewquestions.tuteehub.com/tag/enables-970875" style="font-weight:bold;" target="_blank" title="Click to know more about ENABLES">ENABLES</a> you to have easy and safe access to your bank account. E-banking is a safe, fast, easy and efficient electronic service that enables you access to bank account and to carry out online banking services, 24 hours a day, and 7 days a week. The main advantages of electronic banking are: –The cost of operation per unit of services is lower for banks. Offers <a href="https://interviewquestions.tuteehub.com/tag/convenience-933028" style="font-weight:bold;" target="_blank" title="Click to know more about CONVENIENCE">CONVENIENCE</a> to customers since they are not required to go to the bank's facilities. There is a very low incidence of <a href="https://interviewquestions.tuteehub.com/tag/errors-15514" style="font-weight:bold;" target="_blank" title="Click to know more about ERRORS">ERRORS</a>. The <a href="https://interviewquestions.tuteehub.com/tag/customer-25462" style="font-weight:bold;" target="_blank" title="Click to know more about CUSTOMER">CUSTOMER</a> can obtain funds at any time from ATMs.</p></body></html>

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