Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Business Services

Question:

At what time does e-banking provide services to the customers of bank in a day?

Options:

12 hours

9 am to 5 pm

10 am to 6 pm

24 hours

Correct Answer:

24 hours

Explanation:

The correct answer is option 4- 24 hours.

E-banking is electronic banking or banking using electronic media. Thus, e-banking is a service provided by many banks, that allows, a customer to conduct banking transactions, such as managing savings, checking accounts, applying for loans or paying bills over the internet using a personal computer, mobile telephone or handheld computer (personal digital assistant). E-banking facilitates digital payment and promote transparency in financial statements. E-banking provides 24 hours, 365 days a year services to the customers of the bank.