A DESCRIPTIVE STUDY ON E-BANKING VS. TRADITIONAL BANKING IN INDIA

Abstract

e- Banking indicated towards the method of utilizing facility of banking online upon the computer
network. It is a method with the help of which consumers use all services of banks with the help of the
internet. It is also defined as internet banking, online banking & virtual banking.e-Bankinggrant with
recent facts, 24*7hours banking facilities has been offered to users. The primary services
grantedby e-banking are transfer of funds between the individualaccounts,
billspayment, and verifying balance of accounts. Loans, brokering, dealing share, service bunch,
and an anchor of other economicservices are being included to these essentialservices. Descriptive
study has been utilized in this paper. Secondarydata has been used in this study.Though e-banking
facilitate with lots of advantages in pattern of quick, calm and comfortable, it has also facing some
problems and challenges that require to be addressed. In this paper, an effort has been build to present
an introduction of E-banking, how it has been progress over a period of time in India.i.e. from past to
present. The paper also put up a focus on development of various E-banking products in previous five
years which are necessarily beingutilized in industry of banking sectorby public. It was also found
that how E-banking is much highly effective as compare to traditional banking.