One has to visit the
bank and fill in a challan or produce a cheque to withdraw money from his
Now this practice is
gradually vanishing. Instead, one can easily withdraw the necessary amount from
an Automated Teller Machine (ATM), with the help of an ATM debit card. One can
easily withdraw the money needed at any time at ATMs located everywhere. A
person can deposit money in their account without visiting the branch.
Similarly, credit cards are also available, through which things
are bought on credit and the amount can be paid later.
Nowadays, instead of using cheques or Demand Drafts (DDs), online
transactions through net banking are carried out. Through this, money is
transacted to anyone who lives anywhere across the globe.
Technology has advanced so much that even mobile banking is widely