Banking facility
Here's a broad definition of each term: ### **1. Netbanking (Internet Banking):** Netbanking is an online banking service that allows customers to perform a wide range of banking transactions through a bank’s website or mobile application. These services include: - Checking account balances - Transferring money between accounts - Paying bills - Viewing account statements - Applying for loans or credit cards Netbanking requires login credentials (user ID and password) provided by the bank. --- ### **2. Credit Card:** A credit card is a payment card issued by financial institutions that allows cardholders to borrow funds within a pre-approved limit to make purchases or withdraw cash. Key features include: - Borrowed funds must be repaid, typically within a billing cycle (30-45 days). - Interest is charged on outstanding balances if not paid in full. - Credit cards often come with rewards, cashback, and additional perks. --- ### **3. Debit Card:** A debi