Phone Banking and Mobile Banking

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Phone Banking and Mobile Banking

 

Phone banking, also known as telebanking, has brought about a revolution in the banking industry. It is another electronic banking channel that enables 24 hour banking for the customers. The facility of phone banking helps customers in accessing the bank services from home, office or business place.

Mobile banking is expanding rapidly. In today’s hectic work environment, it is very difficult for some customers to take time and visit the branch for minimal information, such as balance enquiry. For instance, through mobile banking, customers can get information on balance enquiry, information about last three transactions in the account.

 

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Source : https://www.tax4india.com/finance-and-economy-india/banking/phone-banking-and-mobile-banking.html


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Replies (3)

Thank you or such useful information....

Keep sharing...

Originally posted by : Nikhil Kothari

Thank you or such useful information....

Keep sharing...

 

Welcome jee.......!!!!!!!!!!!!!!!!

@ Suresh thanks for sharing the information. Mobile banking is more popular than telephone banking. You will usually need an electronic password for Internet or mobile phone banking, and a separate numeric password for telephone banking to access your account. I think mobile banking is more safe and popular than telephone banking.

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