7.9 POINTS TO REMEMBER

• Banking is a service for deposit or withdrawal of money from the bank for the customer.
• E-banking- When customers are availing all the banking services through online mode it is said to be e-banking.
• NEFT (National Electronic Fund Transfer)- Online service provided by the banks for transferring the money through online mode.
• IMPS (Immediate Payment Service) - Online service provided by the bank for the immediate transfer of money from one customer to another customer. 
• E-wallet- Used by the customers for paying money during online shopping, etc.

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