Published Paper Details:

With the advancements in information technology, there is rapid growth of digitization in banking sector. The Indian government has taken initiative for motivating Digital banking in Indian Banking Industry. By considering customer expectations to meet the challenges and demands faced by banks, Banks have introduced various new products and services. Ministry of Electronics and Information Technology (MeitY), Government of India has taken initiatives for making cashless transactions. And launched new products and services like Immediate Payment Service (IMPS), and Cheque Truncation System (CTS), Unified Payments Interface (UPI), Bharat Bill Payment System (BBPS), RuPay Credit Cards for making payments and receipts through electronic modes. The present article will study the performance of all such online banking services. It also provides a glimpse of benefits of recent developments in Indian banking industry. This article will be helpful for beginners in digital banking to upgrade from traditional banking to Digital Banking and make them aware about recent trends and developments in Indian Banking services