Study of E-Banking Scenario in India

Study of E-Banking Scenario in India

Author Name : Suman Rana

ABSTRACT

According to the new data, we will be able to determine the number of transactions that were conducted digitally in India. The several kinds of e-banking will be covered in this research. Apart from this, each country must consider how significant E-banking prospects are. Customers benefit from several services with this, but it also has some worries and struggles with marketing in the area of e-banking. India is a special country since more than half of its people live in rural regions. The internet infrastructure in the Indian village is not as good. The government is attempting to get everyone online, even if the current environment is not ideal for electronic banking. However, even the less educated in India shy away from utilizing internet banking. People are concerned about falling for a scams. All of these issues will be covered in this article on e-banking. Digital banking is still avoided by many Indians nowadays. For a number of reasons, including as illiteracy, a lack of resources, and security concerns, it might not be well informed. Our research helps overview of the state in e banking in India.

Keywords: Digital Age, RTGS, Indian, Bank, Financial Services, UPI, ECS, IMPS, NACH, NEFT, Information Technology, , Debit and Credit cards