E BANKING SERVICES OF STATE BANK OF INDIA WITH SPECIAL REFERENCE TO THIRUVERUMBUR TALUK IN THIRUCHIRAPPALLI DISTRICT
E Banking (Electronic banking) provides 24 hour access to cash through an Automated Teller Machine (ATM) or Direct Depositof pay cheques into chequing or savings accounts of a bank. However, in modern times, electronic banking involves differenttypes of transactions. Electronic banking takes place through 'Electronic Fund Transfer' (EFT) The EFT uses computer andelectronic technology as a substitute for cheques and other paper transactions. EFTs is initiated through devices like cards orcodes that let account access happen. For this purpose, banks use ATM or debit cards and Personal Identification Numbers(PINS) E banking makes possible direct deposit of cheques to the account on a regular basis. Pay by Phone Systems enablesbanks and financial institutions to pay certain bills or to transfer funds between. PC Banking (Personal Computer Banking) allowsthe customer to handle many banking transactions through the personal computer. Transfers facilitate payment for purchaseswith a debit card, which also may be the ATM card. The process is similar to using a credit card, with some important exceptionsElectronic Cheque Conversion is a type of e banking service provided by banks in foreign counties. Electronic cheque conversionconverts 'a paper cheque into an electronic payment.