Benefits of Internet Banking

Internet banking has made the whole process of banking process very easy for all the customers. The banks as well as the customers are all so happy with the services being provided since it saves the customers from the hassles of travelling to the banks and helps the banks in avoiding in the much unwanted rush in the branches. All of the banks provide the internet baking services to its customers and enables them in managing almost all of the banking services in the comfort of their home or office which has been made possible through the multiple devices connected with the internet.

It is nothing but the large pool of benefits offered by internet banking is what made every customer to prefer the services. Now everyone one can check the balance, request for cheque book, get a bank statement, send money, pay bills and more at the expense of a few clicks and that too on phones. Yes, now stay connected with the banking services on the go.

One of the important advantages of internet banking is instant sending of money. One can now send money from his account to any of the accounts in the country just within few minutes as per their wish. There are various ways of sending instant money which entails- RTG, NEFT and IMPS. Inspite of so many people availing these services, quite a few are unware of the difference between neft and rtgs.

NEFT is the most common methods of online transfer. The account holder can easily send any amount of money right from one rupee to any amount without any limits. The money is sent in batches and takes generally a settlement time of 2 hours. In RTGS on the other hand, transaction limits can be between the minimum of 2 lakhs and a maximum of Rs 10 lakhs. The cash is immediately transferred on one-on-one settlement.  NEFT and RTGS both these service are unavailable on Sundays and bank holidays and these services are available both online as well as offline.

Now there is no need to fill the application for bank statement and wait for hours or days. One can simply access his bank statement for any of the period or for any of the month at any given time with the help of internet banking services. One can also download or print the same. 

Internet banking services is quite eco friendly as it don’t require paper for most of the services. Now one can place the request for debit/credit card or a cheque book online. The card and cheque book reaches your home on few days of placing the request.

Internet banking is absolutely safe and assures maximum safety and secrecy for all the transactions. One can get instant access to his account for checking any of the transactions. The Internet banking transactions are secured with a one-time password options for preventing anybody from misusing the account. This is very helpful for many people as they are free from the risk of carrying money to the bank and giving it to people. 

These are some benefits and one can get several services right from paying the bill online, paying tax loan applications and many more such services with internet banking.

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