National Institute of education & technology
A computer has high speed of calculation, diligence, accuracy, reliability, or versatility which has made it an integrated part in all business organizations.
Computer is used in business organizations for −
Today, banking is almost totally dependent on computers.
Banks provide the following facilities −
Online accounting facility, which includes checking current balance, making deposits and overdrafts, checking interest charges, shares, and trustee records.
ATM machines which are completely automated are making it even easier for customers to deal with banks.
Insurance companies are keeping all records up-to-date with the help of computers. Insurance companies, finance houses, and stock broking firms are widely using computers for their concerns.
Insurance companies are maintaining a database of all clients with information showing −
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