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Banking now is considered to be the one of the fastest growing sector of Indian economy. Banking technology are methods which are adopted by banks by combining the old methods with new technological advancements. India has emerged as one the strongest economy in the recent time and it is because of the base of the economy getting more and more strong which is primarily the banking sector which is related to lending and borrowing of funds to various classes of people who are living in the society. The increasing demand of money is a good sign for a country like India but it raises problems and concerns over the safety of the transactions happening and the increasing demand of the money.