Question

Which of the following is NOT a benefit of E-Banking?

Options

• E-Banking provides 365 days of 24 × 7 banking facilities to its customers.

• Customers can make some of the permitted transactions from the office or house or while travelling via mobile telephone.

• It inculcates a sense of financial discipline by recording each and every transaction.

• Being technology intensive, it results in less human interface and thus requires less manpower, which contributes to increasing underemployment in the banking sector in India.

Answer 1

Being technology intensive, it results in less human interface and thus requires less manpower, which contributes to increasing underemployment in the banking sector in India.