E-Banking provides 365 days of 24 \(\times\) 7 banking facilities to its customers.

Customers can make some of the permitted transactions from the office or house or while travelling via mobile telephone.

It inculcates a sense of financial discipline by recording each and every transaction.

Being technology intensive, it results in less human interface and thus requires less manpower, which contributes to increasing underemployment in the banking sector in India.