||E- Banking Practices
||Traditional Practice provides limited coverage.
||E-Banking Practices involve global coverage while sitting at home/office.
||Traditional Practice does not provide proper marketing tools.
||E-Banking provides the facility of marketing of products/ schemes online easily.
||Traditional Practices involves process which requires more time.
||E-Banking same lot of line as there is no need to stand in long queues.
|Reduction of errors/ Frauds
||Traditional banking practices do not provide a complete check on banking transactions.
||With the system of reconciliation of inter-branch transactions, frauds and errors could be reduced.
||Bank executives have to perform a lot of paperwork which increases both time and cost.
||Cost and time could be reduced or everything is to be through some interval and no need for huge paperwork.
|Risk of carrying cash
||In the case of traditional business, a person has to carry cash at each point of time.
||E-banking provides banking without carrying cash as plastic money (ATMs, Credit cards are available)