Are you willing to know detailed information about the Internet and Mobile Banking? Here is the article which provides you the clean and clear information about the Internet and Mobile Banking. As we all knew that Mobile Banking refers to an Internet-based facility which is provided by banks and it enables the customers to execute bank transactions such as Cellular devices. Internet banking refers to the services which allow the customers to conduct the financial transactions electronically, with the use of the internet.
Mobile Banking:-
This basically refers to an internet-based quality which is provided by banks which enables the customers to execute bank transactions, such as cellular devices. And here the devices which have been used the most are Mobiles and Tablets. Mostly the mobile banking is used for short message services, (or) for mobile applications(or) website. And this mobile banking has limited functions. Here the Fund transfer is made through NEFT (or) RTGS.
Transactions that take place through mobile banking include online payment of bills, locating an ATM, fund transfer, monitoring account balances, the list of latest transactions, m-commerce, mobile/DTH top-up, etc. Further, mobile banking also offers advanced security by sending alerts or notifications on the registered mobile number, on the account’s activity.
Internet Banking:-
It implies the services which allow the customers to conduct the financial transactions electronically with the use of the Internet. The devices used mostly computer (or) Laptops. The main use is you can utilize Banks website for all the transactions and the Fund transfer is made through NEFT, IMPS (or) RTGS. and it has no limit for any functions of transactions.
It is an electronic payment system, that allows the bank account holder to execute the monetary transaction, such as bill payments, fund transfer, stop payment, balance inquiries, etc. anytime and anywhere using the bank’s website. Online banking is part and parcel of the core banking system handled by the bank.
