Growth of Digital Banking in India

Abstract

The growth of financial services in India has largely been led by the banks, changing in banking services makes the great changes in the economy of India. By digitalisation of banking system, the banking services are more easy to use for customers and there is no need to queue in banks for the basic banking services, the customer can use banking services from anywhere. With the help of digital banking the more customers are able to use banking services and this creates the remainder growth in the Indian economy. The banks provide digital banking services through mobile, internet banking, credit cards, debit cards, UPI, NEFT, IMPS etc. The study focuses on the growth of digital banking from last 5 years and also tells about the different type of digital transactions

Keywords- digital banking, digital payments, card payments, online banking