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What is online Banking?

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In today's digital age, online banking has become an increasingly popular and convenient way for individuals to manage their finances. Gone are the days of physically going to a bank branch and standing in long queues to carry out simple transactions. With online banking, people can now access and manage their money anytime, anywhere, with just a few clicks. So, what exactly is online banking? In simple terms, it is a service provided by banks and financial institutions that allows customers to carry out a range of financial transactions over the internet. This includes activities such as checking account balances, transferring funds, paying bills, and even applying for loans or credit cards. One of the major advantages of online banking is the convenience it offers. Customers no longer have to visit a physical bank branch during working hours to carry out their financial activities. With online banking, they can access their accounts at any time of the day, making it a convenien