Analytical Resarch on Indian Online Banking and Users’ Privacy

Abstract

Privacy preserved e-society consists of three intangible factors firstly applications, which have data to share with authorized clients; secondly clients who want data that contains in the applications and finally the privacy control factor which is required to maintain records about the purposes. People now a day are more concerned about their personal information, which is supposed to be leaked out from the organizations to which they are trading online. There are many types of banks in India, which provide net banking or online banking service to the consumers through Internet. The significant point to be noted with respect to these banks is to make their personal and financial information totally secure so that no unauthorized person or organization shou acquire their data to mistreat over the Internet. An empirical study is conducted to evaluate the existence and format of privacy policies of different banks of India in conducting online banking through their websites. The endeavor of this paper is to throw more light on the study, methodology, modus operandi and its results.