E-banking refers to the effective deployment of IT by banks. But hold on, the fact that a bank uses computers is not enough to qualify it as an E-Bank. How is Information Technology is used by the bank to drive the business of banking – for immediate and future goals? It is a fact that today a good number of banks cannot use their IT infrastructure to adequately deal with their immediate information requirements. Do such banks qualify to be called E-banks?

E-banking is about using the infrastructure of the digital age to create opportunities -both local and global. E-banking enables the dramatic lowering of transaction costs, and the creation of new types of banking opportunities that address the barriers of time and distance. Banking opportunities are local, global and immediate in E-banking.

The benefits of Electronic banking compasses a broad range of functions and include:
Electronic mail (email) improves communication between individuals and the bank, within the bank, with the bank and external parties and between banks.
The availability of online information provides bankers and customers with a powerful vehicle for research.

Banks can provide information and services online, which customers can pay for, and receive.
Banking processes are made more efficient and cost effective by integrating other aspects of banking operations such as treasury management and financial control.
If a banking function does not require physical interaction, it may derive the benefits of electronic banking.


1) Fast retrieval of account balances from the customers chosen location.

2) Fast and efficient funds transfer

3) Account transaction history

4) Enhancing the ordering of banks statement quick