Advantages and Limitations of computer applications in Indian Banking Industry are: ADVANTAGES:
E-banking: This empowers the bank to convey its administrations effectively to its top of the line clients. To make the framework easy to use to all customers, banks have utilized a Graphical User Interface (GUI) , with this product , clients can get to their bank points of interest all alone machines, profit exchanges starting with one record then onto the next, print bank explanations and ask about their money related transactions. An alternate engineering utilized by banks to trade information between the bank and customers is called Electronic Date Interchange (EDI); this product can be utilized to transmit business transaction in a machine decipherable structure. So the customer on the flip side will be in position to peruse the data unmistakably. RURAL Banking: Dissimilar to in the past when saving money was incorporated in urban regions, now day's engineering has made it easy to set up managing an account offices in provincial zones. Case in point: In India, they have presented Mobile cash saving money offices. For this situation a client in a country zone will have a record with a portable organization which is opened free of charge. They can then store cash on that record through a close by versatile cash working focus. This cash can be withdrawn whenever any were here and they can likewise get or send cash utilizing the same framework. Plastic money: Mastercards or keen cards like ''VISA ELECTRON'' have made the keeping money industry more adaptable than in the recent past. With a Visa , a client can acquire a particular measure of cash from the bank to buy anything and the bank bills them later. For this situation, they don't need to experience the bother of obtaining little cash. At that point with ''Smart Cards'' like visa electron , a client can pay for anything utilizing that card and that cash is deducted from their ledgers naturally, they can...
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