By Muttanagouda Patil 4BD11MBA72

One

of the important channels of service delivery by banking to its customer is through the internet is a term used for performing transactions, payments and enquires etc. with one place electronically Each account holder is provided a IPIN similar to that of the ATM or Phone banking PIN

 Customers

can monitor all their accounts from one place. Bank statements, with the possibility to import data as soft copy. Funds transfer between a customers own checking and savings accounts. Or to another customers account Internet banking is having a major effect on banking relationships with customers

Internet banking account is simple to open and easy to operate. Internet banking costs less and efficient It is much fast and efficient. Through Internet banking, you can keep an eye on your transactions and account balance all the time. This means that by the ease of monitoring your account.

Internet banking is available all the time, i.e. 24x7 Quite convenient for pay your bills, can transfer funds between accounts

 You

cannot use internet banking, in case, the banks server is down You cannot have access to internet banking if you dont have an internet Security of transactions is a big issue. Your account information might get hacked by unauthorized people over the internet
sometimes

it becomes difficult to note whether your transaction was successful or not. It may be due to the loss of internet connectivity in between, or due to a slow connection, or the banks server is down.