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III. E-Banking System and Legal Aspects 1. Meaning of E-Banking (Electronic Banking) E-Banking means providing banking services through electronic devices and internet instead of visiting a bank physically. 👉 It includes: Internet banking Mobile banking ATM services Debit/Credit cards UPI, NEFT, RTGS transfers 📌 Simple Example: If you transfer money using Google Pay or PhonePe, it is E-Banking. 2. Features of E-Banking 24×7 availability Fast transactions No need to visit bank Paperless system Global access 3. Types of E-Banking Services (a) Internet Banking Access bank account through website Check balance, transfer money (b) Mobile Banking Banking through apps Example: SBI YONO (c) ATM Services Cash withdrawal, mini statement (d) Electronic Fund Transfer NEFT (National Electronic Funds Transfer) RTGS (Real Time Gross Settlement) IMPS (Immediate Payment Service) 4. Legal Framework Governing E-Banking in India E-Banking is regulated by ...