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ATM facility is also a part of e-banking where you can withdraw cash from any of the ATM machines and
            the amount will be debited from your bank account automatically.

            E-banking is useful for bankers as well as customers. The bankers are benefited by way of:

               Less transaction cost                              Less chances of human error
               Reduction in fixed infrastructure cost             Customer loyalty and satisfaction

               Reduced paper work

            The customers are benefited by way of:
               Convenience of banking                             No geographical restrictions

               Lower costs                                        Reduced chances of fraud

            Modes of Payment

            All the e-commerce websites provide various modes to make payment of the product or service that
            you want to buy. Some of them are as follows:

                Debit or Credit Card: E-commerce websites allows us to make payment by using our credit or debit
               card, which will be debited from the bank account. We must have a sufficient balance in the bank
               account to complete the transaction. In case of credit card, we are provided with a credit limit by
               the bank which we can use to purchase products. To avoid the online fraud, each credit or debit
               card has a three digits unique secret Card Verification Value (CVV) number on the back side of it.
               Now, bank also sends a One Time Password (OTP) on your registered mobile number to verify the
               authenticity.







                                                                                             CVV number






                Net Banking: We can directly use the bank account to make payment online. Every bank provides
               a unique Customer ID or Net Banking ID and a PIN to each customer of the bank. With the help
               of  the  Customer ID  and  PIN,  customer can  make payment  while  purchasing  the  products  from
               e-commerce websites. Similar to credit or debit card, an OTP is received on the registered mobile
               number in case of net banking.

                E-Wallet: E-wallet or Electronic wallet refers to a digital wallet that is used to make payment online.
               We need to add money from the bank account to the e-wallet before using it. Most of the e-commerce
               websites provide their own e-wallet. Some banks also provide e-wallet to their customers. Some
               third party organisations also provide payment support to their
               customers. Paytm, GooglePay, PhonePe, etc. are the most commonly
               used Payment Service Provides (PSP).






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