E-banking

Introduction:
 The literal meaning of E-banking is Electronic banking where do all banking transaction online.There is no official definition of E-banking but it generally implies that it allows to the customers to conduct the transactions using online banking system and access from also remote location i.e home or workplace.Its also call online banking where we do transferring funds,paying bills,viewing checking and saving account balances,purchasing financial instruments and deposit.
 Although Internet banks offer services as same services as do traditional bank.

History of E-banking:

      Online banking has been around for quite a few years. In fact, it was introduced in the 1980s and has come a long way since then. The last decade has seen a profuse growth in internet banking transactions. Several pieces of legislation have also been introduced in this area.

       Though it began in the 1980s, it was only in the mid nineties that internet banking really caught on. What attracts customers to internet banking is the round the clock availability and ease of transactions. Studies estimate that internet banking still has a long way to go. There are several banks that have customers who prefer banking in the traditional ways. Statistics released by the FDIC show that only 40% of the banks in the U.S. offer internet banking facilities worth mentioning. All the others may have an online presence but do not have enough online transactions to justify their presence on the internet.