E‐Banking is also known as.

A. ATMs

B. Net banking

C. Traditional banking

D. None of these

Answer: Option B

Solution(By Examveda Team)

E‐Banking is also known as Net banking. Electronic banking has many names like e banking, virtual banking, online banking, or internet banking. It is simply the use of electronic and telecommunications network for delivering various banking products and services. Through e-banking, a customer can access his account and conduct many transactions using his computer or mobile phone. In this article, we will look at the importance and types of e-banking services.