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Abstract
Electronic Banking as such as free of charge but commissions and fees in accordance with the service tariff will be levied on orders and other transactions carried out through Electronic Banking. Information Technology has become a necessary tool in today’s organizations. Banks today operate in a highly globalized, liberalized, privatized and a competitive environment. In order to survive in this environment banks have to use IT. IT has introduced new business paradigm. Even at present, India is a relative unbanked country as the credit-to-GDP ratio is one of the lowest in the developing economies. So banks are facing the dual challenge of increasing penetration and high growth trajectory. The banking industry can kill two birds with one stone that is with help of technology.