Tuesday, May 27, 2008

Online Banking:

It is a kind of modern facility provided by a bank using network connectivity through computer server based on the latest guideline of Information Technology. Through this facility a customer of a bank can enjoy some financial transaction from any other branches (under same bank) of a bank as described under:
  • Withdraw fund
  • Deposit money
  • Transfer fund
  • Pay bills
  • Checking balance of an account etc.
It is also called as Any Branch Banking facility.

For example a customer of a bank under this facility can approach another branches to perform above mentioned transactions instantly to satisfy their needs and make their life easy.

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