Reasons to use Internet Banking

Earlier bank confined itself with administration of its own specific branch and their main function was to accept and lend deposits but with passage of time the traditional brick and mortar building transformed itself into an online hub where customers can transact on 24x7 basis.

It is not a fad that will come and go but it is necessity. Hereby, we provide you certain concrete reasons to switch to internet banking

• The traditional banking hours are from 9 to 3 but through this (Internet Banking) you can bank on 24x7 bases.

• You can easily check your account balance, order cheque, make stop payment etc.

• It adds mobility which means you can transact your business while you don’t have PC i.e. from Smartphone like apple iphone or blackberry.

• You can make direct deposits in bank without even visiting the branch. This is really a double benefit especially when you don’t have time to deposit salary through cheque also money goes into bank more rapidly thereby you to earn interest more quickly.

• With automatic bill payment facility you can pay your bills automatically and you need not to stand in queue for long time.

• Other transaction that you can perform through internet banking are transfer funds between two or more accounts, check your statements on online basis and apply for loans etc.

• It is more cost effective as services provided through online banking is either of very low cost or it may be even free.

• It will never hamper your credibility as through this option you can make your payments any time of day, no matter in which part of the world you are.

Thus, Internet Banking has brought insurgency in banking field. The net banking is now a norm rather than exception in developed countries. All you need to be smart about the way to use Internet Banking as an option.

Use online calculator for calculating your loan installments.