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The blueprint for infrastructure of the Bank was designed by Akram Khatoon. She presented it in 1988 to then Prime Minister Benazir Bhutto , who approved to set up the bank in December 1988. [ 3 ] The bank was incorporated with a paid up capital of PKR 100 million which was subscribed by the state-owned banks.
Federally-backed online bank accounts are safe to use and are insured just the same as brick-and-mortar banks. Still, it’s always good to have some caution and protect your personal information.
With an online bank, your banking tasks are completed through your computer, phone or smart device — from opening your account, to setting up your login details, to actively managing your money.
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2010s, this has become the most common way that ...
Other ways to fund an online bank account include electronic transfers, mobile check deposits and direct deposit. Using an online-only bank often means you’ll earn higher rates and pay fewer ...
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.