Telebanking is the easy way to bank by using any touchtone telephone. A clear and simple set of menus guide you through your phone banking session, allowing you to: Access account information 24 hours a day. Quick access to current balance information, deposit and withdrawal activity and ATM transactions.

What are the services under tele banking?

Tele Banking: Without visiting the bank one can receive the services of banks. The device used for this purpose is called tele banking. ... One can receive the services such as information about account, conduct of selected transactions, report of loss of ATM card, debit card, credit card or cheque book, etc.

Is tele banking and mobile banking?

It can be used to make the utility bill payments, block the ATM card, fund transfer, open fixed deposit/recurring deposit etc. Also, account holders can use phone banking facility on any phone. It is not essential to have a smartphone to use phone banking services, unlike mobile banking.