Education increases the level of knowledge. It is a natural process that begins from birth and does not end until life ends. A person continually learns through experience, knowledge, school, and college. Training, on the other hand, provides finer insights. It teaches how to apply the acquired knowledge effectively. Training shows how to work quickly and accurately and how to avoid risks.
Today, due to advancements in information technology, banking is rapidly changing. Although the fundamental principles of banking remain intact according to the definition in the Banking Regulation Act, technology has brought revolutionary changes in banking operations and in the system of providing other services alongside banking. Traditional payment instruments like DDs (Demand Drafts), MTs (Mail Transfers), and TTs (Telegraphic Transfers) have become outdated, and systems such as ECS (Electronic Clearing Service), NEFT (National Electronic Funds Transfer), and RTGS (Real Time Gross Settlement) have taken their place....(To continue, open the magazine)