Jun 21st, 2015
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Abraham Lincoln University
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CHAPTER 1INTRODUCTIONINTRODUCTIONIn this modern era due to the various inventions and technological advancements, our life has become very smooth and easy. Today we all can do most of our day to day work at the click of a button. Thanks to technology. Many organizations too have applied latest technology to operate efficiently. The advanced technologies have not only helped the organizations to operate efficiently, but also to benefit the society. The new advanced technology is not only limited to any one particular industry or sector, but to all the industries and sectors. Then in such a scenario how can banks stay away? These days even the banks have adopted latest technologies to operate better and serve its clients in a better way. One of such technologies is Electronic Fund Transfer (EFT). In India EFT can be classified into:NEFT RTGSECSIn the further chapters lets discuss about the above mentioned technologies in detail so that we can get to know more about the above mentioned systems and a brief overview about the Indian bank.1.1 Indian Bank Profile1.1.1 A premier bank owned by the Government of IndiaIndian bank was established on 15th August 1907 as part of the Swadeshi movement. Since then it is now serving the nation with a team of over 22, 000 dedicated staff. It is a premier bank owned by the Government of India. Indian bank head office is situated in Chennai. Its total business as on 31.03.2009 crossed Rs. 1, 24, 413 Crores. Banks Ope

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