Internet Banking And Right To Privacy: An Overview

Abstract

This article highlights the merits and demerits of Internet Banking and Privacy right in India based on technology. Banks facilitate investment through organize public savings. The Reserve Bank of India and Government liberalized the banking services which accelerated the growth of Banking sector to promote economic growth and Banking services to promote the growth of the banking sector and to promote economic growth and affluence. From 1990, the technology used more to convert the banking system from branch banking to customer-oriented. Banking is a sector of the economy which is touching the lives of almost all classes of people. The banking system in India has a multi-layered structure with regional rural banks, rural and urban cooperative banks, commercial banks which includes nationalized banks, private sector banks, and foreign banks. Technological advancement has made humans life easier, technological advancement like the invention of computers is widely using for numerous drives starting from the individual to large organizations across the globe. The Internet is a network of interconnected computer networks. It is the central component of today's world that enables people to connect and communicate. In today's world, the internet is not a commodity but an essential aspect of life. Every business transaction, as well as communication in general, is done using the internet and allied tools.