Internet banking is one of the most popular methods of banking today, used by people across the globe. It is also known as e-banking or online banking.
As the name suggests, it is an electronic payment system provided by the banks in general to conduct a wide range of transactions through their website.
Like all modern kinds of banking, this one too enables transfer of money from account to account and check balance all this through a computer.
To use this facility, customers need to first activate the option of e-banking. Websites of banks differ from each other, but in general, management of accounts are easy in net banking. The customer should at first log onto the bank’s website, and enter the user ID as well as password. He is then automatically guided to the page where he is given different options for transactions.
Banks use various security measures to make sure that the technology is not misused by fraudsters.