How technology has changed banking over the years

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E-banking, online banking, net banking, etc. have completely changed the way banking is done today.

Nowadays banking is far more different that it used to be few years ago. Demonetisation and this covid situation has played a huge role in the changing of this old traditional system. Now banking is not limited to banks or ATM like earlier time. Now everyone has banks in their pockets in the form of mobile apps, Credit cards, debit cards, and e-banking. The main point is that it is even far more safer than traditional banking and easy to use. It also save a lot of time because all you need is just a internet and a app and you can pay to someone at any place and on the spot without going to bank or even without using hard cash.

As this new and easy way have some limitations as well like your account can be hacked and money can be stolen but this risk is far lesser compared to risks in traditional. Your money can be stolen and you can be robbed in old times but now if you don't have hard cash then what will robber will get by robbing you and also hacking account is not so easy so rarely 1 of thousands can do it.

Well accprding to me now situation is far more better than before and banking is much more safer and easier than befor.

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