{"id":2434,"date":"2021-05-05T11:26:00","date_gmt":"2021-05-05T11:26:00","guid":{"rendered":""},"modified":"2025-11-12T10:33:39","modified_gmt":"2025-11-12T05:03:39","slug":"online-banking-in-india","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/online-banking-in-india\/","title":{"rendered":"Branching Out to Online Banking in India – Research & Ranking"},"content":{"rendered":"
<\/div>\n

Welcome to our new series on the evolution of banking and finance in India. In the first part of the series, we’ll look at how humble bank branches were (partially) replaced by online banking. While bank branching still continues in a big way, several functions are done online.<\/p>\n\n\n\n

 <\/p>\n\n\n\n

\n

Banking \u2013 Then<\/strong><\/p>\n<\/td>

\n

Banking – Now<\/strong><\/p>\n<\/td><\/tr>

\"\"<\/figure><\/td>
\"\"<\/figure><\/td><\/tr>
\n

Source: <\/u><\/em><\/strong>One India website<\/em><\/p>\n<\/td>

\n

Source:<\/u><\/em><\/strong> Paisa Bazaar Website<\/em><\/p>\n<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

Till 1-2 decades back, people were accustomed to going to the bank to get passbooks updated, withdraw\/deposit cash, start\/terminate FDs\/RDs, apply for a loan, etc. In fact, for many pensioners, it was a nice way of socializing and meeting people of their age. While pensioners still love to do their banking at the branch, several others are adapting to the online way of banking.<\/p>\n\n\n\n

So let us take a look at what is online banking and how it has changed the way we bank<\/p>\n\n\n\n

Online Banking in India<\/strong><\/h2>\n\n\n\n

Online banking is a method of banking in which transactions are conducted electronically over the internet. They are done on a secured website operated by the concerned bank or institution. The operations are conducted through smartphone or laptop\/desktop. Online banking is also called:<\/p>\n\n\n\n