A Study on E-Banking and Traditional Banking Services and comparison

Abstract

This paper aims towards understanding the concept of online banking and traditional banking. In the modern era of technology.  Human life has become far easier than the normal one. Due to technology everything is computerized. Banking is additionally the one from all of them. After the 18th century banking system has been much developed within  the field of technology. Due to technology there are numerous innovations in banking

sector. Every add the banking system is computerized from opening of account to t ransfer of cash through e-banking, which needs to not attend the banks and substitute a long queue for an extended time which helps the purchasers also as banking institutions to try to work easy, efficient and fast. E-Banking also makes the competition between different banks for providing a better service to their customers and also attracts the more and more customers. The different amendments by the RBI they made to follow the mandatory rules and regulations, guidelines, instructions for the banks and customers, it helps to supply privacy   to the customers about their account and each transaction while operating their account at   the time of online banking. But at this present scenario few of the purchasers aren't taking   the advantage of this e banking because unawareness and   less education (because technology demands knowledge to work it). In a number of  the public sector banks few of   the staff is with adulthood ones officials they need very less knowledge about computerized banking/ e-banking and this thing takes while once they do any transaction. And these are   the burden on the general public sector banks to spent much money on their training that the way to operate the computers while add the bank to deal any transaction. Otherwise technology has always played pivotal role in banking sector. Internet banking is increasingly becoming “got to have than a pleasant to possess service” From the attitude banking product and repair being offered through internet debit and credit cards, mobile, e banking is nothing but more traditional banking service distributed through an common economic communication backbone. This Current study deals with the Impact of E-Banking on Traditional Banking.