Internet banking or online banking is an electronic payment system that enables the customer to conduct all financial transactions and access to banking services online. This is in contrast to the traditional way of branch banking. Through internet banking, you can do the following.
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Fund transfer
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Loan and credit card bill payments
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Credit application
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Download account statement
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Open fixed deposit and recurring deposit accounts
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Investment purchases
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Customer grievance redressal
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Access to online customer service
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Request debit card, cheque books, etc.
Internet banking helps you accomplish all your banking needs without having to visit the branch.