NTA-NET (UGC-NET) Commerce (08) Banking and Financial Institutions-E-Banking Study Material (Page 1 of 1)

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E-Banking: Core Bank Components Include, Several E-Banking Services

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E-Banking

  • With the advent of Computers such as Mainframe, Super-Computers and Personal Computer (PCs) , almost all the banks in the developed countries and leading banks in India have computerized their operations. All the bank transactions are now routed through computers that operate on software developed in-house or those available in the market. Functions such as accepting deposits, lending, remittances, collection of bills, clearing of cheques, standing instructions, operation of safe deposits vaults and returns to controlling office are now computerized. With the total branch computerization, all the customers and business transactions are done with the help of computers. This is a real time on-…

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