Abstract:

India is progressing on the track of digitization, and as banking is the basis of all financial transactions, digital banking is the step toward less cash and less paper and faster transactions. Faster and safer transactions promote the development of the economy. This paper touches the digitization of banking in India which shall begin the new era. Especially in the post pandemic period the customer inclination is towards the use of digitization. The cyber-crimes prove to be a hindrance in the process of online banking transactions. But stricter norms will resolve this scenario. RBI is trying to achieve its vision of less cash and less ATM. So this paper attempts to highlight the research conducted by various research consultants and also analyses the vision of RBI for 2025. Researcher believes that the review of various reports will lead towards identifying the future on traditional banking in India in today’s post pandemic scenario.

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