Main Article Content
Abstract
After the effect of demonetization, digital money has been the weak point among the citizens of India. Digital cash and online transactions in the current market scenario have a great impact on electronic banking and digital banking. Electronic banking (electronic banking) or online banking means that any user with a personal computer and a browser can connect to their bank through the bank's website to perform any of the functions of virtual banking. All the services that the bank has authorized on the Internet are shown in the menu. Any service can be selected and other interactions are dictated by the nature of the service. Now, the demand for one-day financial services is rapidly transmuting and the deportation of clients with respect to these services is bound to transmute rapidly. As a result, it is mandatory for the banking sector that, instead of the traditional banking system, it must adopt the electronic banking system and some incipient strategies to magnetize and retain existing and incipient customers. Electronic banking is the most pioneering trend among customers in the current push for faster and safer financial services. Electronic banking mainly includes the electronic transfer of funds and the use of online banking services. Any customer can request the number of electronic banking services. You can extract D-MAT operational accounts, VISA transfers, funds transfers, ATMs, ECS, national electronic funds transfers (NEFT), RTGS and CAGR, etc. The electronic banking system is considered safe and secure compared to the physical banking service. Electronic banking guarantees qualitative banking transactions compared to traditional banks. However, it has its limits and its challenges when we talk about security, on the contrary. The discussion throughout the document revolves around the threats facing Indian banks in terms of electronic banking, opportunities to raise awareness and the measures adopted for secure and protected electronic banking.