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.  

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### **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.  

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### **3. Debit Card:**  

A debit card is a payment card linked directly to the cardholder's bank account. It allows users to:  

- Withdraw money from ATMs.  

- Make purchases where the money is directly deducted from their account.  

- Unlike credit cards, no borrowing occurs—spending is limited to the account balance.  

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### **4. E-Wallet:**  

An e-wallet (electronic wallet) is a digital application or platform used to store money and make transactions online or in physical stores. Features include:  

- Secure storage of payment information (e.g., card details, bank accounts).  

- Instant transfers, bill payments, or QR code-based payments.  

- Examples: PayPal, Google Pay, Paytm, Apple Pay.  

Each method plays a distinct role in facilitating digital payments, making financial transactions more accessible and convenient.