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:
- RTGS/NEFT
- ECS
- IMPS
- SWIFT
- SMS Banking
- Internet Banking and
- ATM Banking
