Internet Banking in Indian Scenario

The modern age banking customers often transacts through their 'friendly device' that enables them to conduct their bank transactions, trade on the stock exchange, buy their groceries, pay their children's school fee and taxes to the governments through a click of a button. Through their 'friendly device' they open accounts with banks to make the payments, and also carry out transactions at any multiple self-service outlets that have been started by their banks. Today all the above and still more sophisticated services are made available to people through that 'friendly device' called Internet, which is now identified as ubiquitous communication tool that made its debut in 1983. The Internet is a global web of computer networks, which allowed instantaneous and decentralized global communication possible. Rapid usage of Internet is associated with the development of the user-friendly World Wide Web and web browser software such as Netscape Navigator and Microsoft Internet Explorer.