Question

Doing banking transactions electronically through various e- channels like ATM, Credit / Debit cards, Internet Banking, Mobile Banking, Tele banking, and Electronic Fund Transfer etc. is known as

• A. Virtual Banking
• B. Electronic Banking
• C. Telebanking
• D. Digital Transactions

Answer 1

Answer:

B. Electronic Banking

E-banking (Electronic Banking):

• It refers to doing banking transactions electronically through various e- channels like ATM, Credit / Debit cards, Internet Banking, Mobile Banking, Tele banking, and Electronic Fund Transfer etc.
• E-Banking has facilitated bank customers by providing anytime and anywhere banking services.