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E-Banking
The technology has paced many steps. We can now transfer money online from one bank
account to another. In earlier days, cheques were used to transfer money. It took 2–3 days for
the clearance of cheques. If cheques were spoiled, mutilated and lost then the transfer took more
time as a fresh cheque was required again. With e-banking, you can transfer funds easily from
one account to another through computer, laptop and even your smartphone.
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
Cloud Storage
Cloud storage is a service where the users are able to store and manage data on remote server
in place of their local computer. This service has become immensely popular because:
The users need to incur cost of storage devices. They can access storage on remote servers by
paying a nominal fee only.
The users can access their data from anywhere by logging in to their cloud storage account.
The users can also access software and application for limited use which are very expensive to
purchase.
Some popular companies offering cloud storage services are Google Drive, Amazon Web
Services, Dropbox, OneDrive, etc.
To use Google Drive, follow these steps:
Step 1 Visit www.google.com.
Step 2 Click on the Google App Launcher button at the top-right corner. A list of Google apps
appears.
Step 3 Click on the Drive app.
The Google's Sign in page appears.
Step 4 Enter your Gmail account‘s
username and then click on Next
button.
Step 5 Enter password and then click on
Next button. This will open your
Google Drive web page.
Google drive
48 Play (Ver. 2.0)-VI

