Online Banking Transactions help the account-holders save time, money and also avail indirect gains.
- Net banking facility helps them to cut / save costs for duplicate bank statements, stop payments of cheques & DD/Pay Order Charges.
- Payment of bills online can even waive off the late payment fees.
- Account holders can also earn points for availing online services. The points can be redeemed by online shopping through Bank's partner.
- As cyber attackers, cyber crimes on rise, internet banking is considered as safer than physical transactions.
- The account holder can access the account from anywhere in the world.
- Transactions like Debit / Credit / Charges are secure and the account holders get SMS alerts immediately after the transactions.
- Account holders can have the option of even tax planning and stock trading by linking their bank accounts to it.
- Traditional banking services have lot of disadvantages like wasteage of time / money / insecurity, account-holders can confidently go for online banking facility.