Channel Banking

OVERVIEW

Channel banking is a set of formats & channels made available by the bank to its customers so that the customers can access the various services (Collections and Payments) offered by the bank themselves without the assistance of a bank officer using a variety of modes.

DESCRIPTION

Channel banking is a set of formats & channels made available by the bank to its customers so that the customers can access the various services (Collections and Payments) offered by the bank themselves without the assistance of a bank officer using a variety of modes.

The banks offer various formats & channels to its customer to access its backend services. Some of these formats are:

  1. RTGS/NEFT
  2. ECS
  3. IMPS
  4. SWIFT
  5. SMS Banking
  6. Internet Banking and
  7. ATM Banking
                     

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