KBC 2021: Internet banking refers to (*T&C apply)

Operation of account through internet

Opening of account through ATM

Both A & B

None of the above

Answer: Operation of account through internet

Internet banking is also known as online banking or net-banking. It facilitates a bank’s customers with an electronic payment system that allows them to make financial or non-financial transactions online via the internet. Once a user is registered for online banking, they can avail banking services without having to personally visit the bank. 

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