What is Online Banking and Digital Banking
Online Banking – Almost all banking and financial institutions offer Online Banking now. It comes with too many features as well. Once the account is opened by visiting the bank branch in person, further things can be done without a physical visit. This is nothing but allowing the account holders to perform routine banking activities without visiting a branch. Online banking allows you to do this through a website or an app, and your account can be managed and funds transferred, etc. remotely. In the case of a physical bank branch, many of the services can be done only by visiting the branch physically by the account holder.
Digital banking eliminates physical visits completely including the opening of a bank account, making it an easy and convenient way to make transactions. Digital banking automates all the steps in the process. As a result, customers can complete all the transactions paperless, with a digital signature, and verified by OTP (one-time-password) even through a smartphone.
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What is Online Banking and Digital Banking