A linguistic approach to e-banking

Abstract

Internet banking (or E-banking) means that any user with a personal computer and a browser can get connected to his bank website. With this connection he can make any virtual banking function is available. In internet banking system the bank has a centralized database that is web-enabled. All the services that the bank has permitted on the internet are displayed in a menu. When the ranch offices of the bank are interconnected through terrestrial links, there would be no physical identity for any branch. It would be a borderless entity permitting anytime and anywhere banking. The network that connects the various locations and gives connectivity to the central offices called intranet. These networks are limited to organizations for which they are set up and we cannot easily found them. E-banking offers benefits to consumers in terms of ease and cost of transactions, either through Internet, telephone or other electronic delivery. Electronic finance has become one of the most essential and important technological changes in the economic sector. For many people, electronic banking means 24-hour access to cash through an automated teller machine (ATM) or Direct Deposit of paychecks into checking or savings accounts. But electronic banking involves many different types of transactions and responsibilities and it is also involves much more features. Electronic banking (e-banking), also known as Internet banking is defined as the automated delivery of new and traditional banking products and services directly to customers through electronic, interactive communication channels. E-banking includes the systems that enable financial institution customers, individuals or businesses, to access accounts, transact business, or obtain information on financial products and services through a public or private network, including the internet.