E-banking revolutionizes Indian banking industry, eliminating need for physical branches.
E-banking, also known as online banking, is a modern way of banking that uses technology to provide services to customers without the need to visit a physical bank branch. In India, e-banking is relatively new compared to traditional branch banking. The shift towards e-banking is driven by customer expectations and advancements in information technology. This system allows for banking services to be accessed through computer-controlled systems, eliminating the need for direct customer interaction at bank premises. The traditional manual banking systems in India are being replaced by more efficient electronic banking methods.