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system of banking by telephone: a system of transacting business with a bank by telephone is known as Telebanking.

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Q: What is the meaning of telebanking?
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What will be the future trends in telebanking?

use of SMSuse internet


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Telebanking is a throwback to the days when people would call into a central number at their bank/financial institution in order to get balance, check status and other account-related information. Most financial organizations offer telebanking services today; however, the public representation is known as telephone-based customer service or just customer service.


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What are Modern Functions of Commercial Banks? The following are the modern functions of a commercial bank: 1. Telebanking. 2. Issue of Debit and Credit Cards. 3. Net banking. 4. Sellling of Insurance products (Bancassurance) 5. Providing ATM facility. 6. SMS Alerts. 7. Rail/Air Ticket Reservation. 8. Electronic transfer of Funds. (NEFT,RTGS).


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