Nowadays the majority of banks all around the world are offering Internet banking or one can call it online banking. In simple words the meaning of Internet banking is to provide all the services to the customer by way of net. One neither has to personally visit the bank for any service nor they have to take the pain of withdrawing money and they can do all the transactions while sitting at home. It is said that the system of online banking started in the year 1995. It was October 6 and the presidential saving bank offered one of its banks the provision of Internet banking. With time more and more banks came in to it. Nowadays all the banks, whether they are big or small have the facility of net banking.

In fact an individual do not try to have deposit in such a bank that do not have the option of Internet facility. The banks have their own website that can be accessed 24 hours a day. There are various facilities that are present like a person can access their account, view their balance, they can check history of their account, pay any types of bills, know about the Internet banking interest rates, transfer funds etc. hence Internet banking has made things very easier for the customer. They do not have to travel long distances or get caught in the traffic jams. They can easily access their account via the net.

The various options and different Internet banking interest rates are clearly mentioned on the site and the person who wish to have a loan or want a fixed deposit then they can check the Internet banking interest rates and can decide upon their action. Earlier people have to personally go to the bank in which they have an account. This used to consume a lot of time, money as well as energy. But with the onset of Internet banking one can do major activities relating to banks from home only. In fact Internet banking is getting more popular than the phone banking.

There is also customer facilitation center that is opened in order to seek out any problem relating to the customers. The Internet banking also helps in payment of taxes, sales taxes or any other type of tax that has to be paid by the customer. In this way there is no heavy rush at the bank outlets and even the bank officials can do their work in peace. The funds can also be transferred very easily form one account to another with the help of online banking. Hence it is a boon to the society.