With banking process going digital, a mere click has replaced all the hassles of physical visits, standing in queues and long waits.
It has been a long journey. From the days when money transfer would take a fortnight or a week to today when money transfer, withdrawal, seeking loan or any other banking recruitment, has become a game or clicks and minutes. The small transaction of some thousands or money transfer of lakhs that used to previously take minimum 48 to 72 hours now can be done in minutes with the advent of technology; things have become way smarter and smoother. Long gone the days of standing in queues or rushing to banks before the lunch break or reaching bank by 4 PM.
Online Banking has allowed one to bypass bank lines. One can conduct the banking transactions safely and securely without leaving the comfort of one’s home. Online Banking also gives one around the clock access to your CD, savings, or checking accounts. Plus, one can have access to online statement. One can monitor one’s transaction and make sure that the balance information is correct. This is great for people who like to use their debit card but too lazy to use their check register.
Now the world has come closer with the technological leap and so has the process of banking to its customers. There was a time when one had to reschedule doctor’s appointment or send a driver to pick kids from school, because of morning would be dedicated for the bank work. But digital banking has freed one and all from such hassle. Now everything is just a click away and banking has become mobile. From the corner of the world be it Singapore or Seychelles or Surendranagar or Shyamlaji, one can manage to operate his/her account 24/7 round the clock.
At the time of inception there were some security threats and many users were reluctant to operate their account using net banking. But gradually such threats have been dealt with; now net banking has become easy, safe and rapid. Major portion of India’s population today manage their account using means of digital banking.
The major advantage of Online Banking is, It has lessened the need of carrying large amount of cash around and the attention that is needed to keep that cash safe whether you are travelling, or on a holiday. The fuss of staying attended to your cash when holidaying abroad has become outdated with Online Banking coming into the picture. Features like OTP facility, 3D secure gates, online account password, third party involvement, gateway payment window and such thick security thresholds have thrown out the security threats. From a college going student to middle-aged officer or a senior citizen pensioner, digital banking has taken over all of them.
The World Wide Web has permeated virtually every aspect of modern life. If one has access to a computer with and Internet connection, almost limitless amounts of banking and financial transaction are at one’s fingertips.
It has been a long journey. From the days when money transfer would take a fortnight or a week to today when money transfer, withdrawal, seeking loan or any other banking recruitment, has become a game or clicks and minutes. The small transaction of some thousands or money transfer of lakhs that used to previously take minimum 48 to 72 hours now can be done in minutes with the advent of technology; things have become way smarter and smoother. Long gone the days of standing in queues or rushing to banks before the lunch break or reaching bank by 4 PM.
Now the world has come closer with the technological leap and so has the process of banking to its customers. There was a time when one had to reschedule doctor’s appointment or send a driver to pick kids from school, because of morning would be dedicated for the bank work. But digital banking has freed one and all from such hassle. Now everything is just a click away and banking has become mobile. From the corner of the world be it Singapore or Seychelles or Surendranagar or Shyamlaji, one can manage to operate his/her account 24/7 round the clock.
At the time of inception there were some security threats and many users were reluctant to operate their account using net banking. But gradually such threats have been dealt with; now net banking has become easy, safe and rapid. Major portion of India’s population today manage their account using means of digital banking.
The major advantage of Online Banking is, It has lessened the need of carrying large amount of cash around and the attention that is needed to keep that cash safe whether you are travelling, or on a holiday. The fuss of staying attended to your cash when holidaying abroad has become outdated with Online Banking coming into the picture. Features like OTP facility, 3D secure gates, online account password, third party involvement, gateway payment window and such thick security thresholds have thrown out the security threats. From a college going student to middle-aged officer or a senior citizen pensioner, digital banking has taken over all of them.
The World Wide Web has permeated virtually every aspect of modern life. If one has access to a computer with and Internet connection, almost limitless amounts of banking and financial transaction are at one’s fingertips.
