E - banking is a fact of life for many individuals today

with a busy lifestyle. Internet banking’s major benefit to account

holders is convenience. It allows an account holder to monitor
usage of his account and perform basic transactions online for his
banking account. Internet banking has gone a step further in the
last few years in the form of mobile internet banking. This accords
unlimited mobility for you, the customer, who can now handle
financial transactions even while on the move.Another important
benefit of internet banking is that it is good for the environment.  It
cuts down the usage of paper and reduces pollution as people do
not have to travel physically and also does not add emissions.The
electronic transmissions require no paper, So, They reduce
vehicle traffic and they are virtually pollution-free, and they also
eliminate the need for the buildings and the office equipment.
The E - banking includes both pros and cons
depending on the individuals who prefer that .We can manage the
cash flow more effectively by receiving when the payments are
due or pending which needs to get approved from us for further
transaction. It simplifies our government remittances whereas the
manual method includes many procedures like filling forms and
waiting in the queue for the long time .This is the single most
important benefit that outweighs any shortcoming that internet
banking may have. Making transactions and payments right from
the comfort of your home or office at the click of a button is a
facility none would like to forego. Keeping a track of your
accounts through the internet is much faster and convenient as
compared to going to the bank for the same. Even non-
transactional facilities like ordering cheque books online, updating
accounts, enquiring about interest rates of various financial
products etc. are much simpler on the internet One of the major
advantage of E banking includes we can transfer any kind of
currency without any restrictions.
Despite the rapid growth of internet banking the
customers in developing countries still hesitate to adapt the
change There are many complex transactions which cannot be
sorted out unless there is a face to face discussion with the
manager. This is not possible through internet banking. Solving
specific issues and complaints requires a physical visit to the
bank and cannot be achieved through the internet. Online
communication is neither clear nor specific enough to help resolve
many complex service issues. Certain services such as
notarisation and bank signature guarantees cannot be
accomplished online.The use of E banking in the Middle East still
remains very low . We may get overly marketed and also we will
become annoyed by notifications and also by constant Emails and
updates.If the bank server is low due to loss of network
connectivity or slow connection at the time of transaction we may
get frustrated over that .So we must be aware in using any kind of
new technology that comes to the market.