1. What is an Internet banking service Agreement?
Internet Banking, also known as net banking or online banking, is an electronic payment system that enables the customer of a bank or a financial institution to make financial or non-financial transactions online via the internet. This service gives online access to almost every banking service, traditionally available through a local branch including fund transfers, deposits, and online bill payments to the customers
2. Why is it important?
a. Provides access to financial as well as non-financial banking services
b. Make bill payments and fund transfers to other accounts
c. Safe and secure mode of banking
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