The electronic banking is now practiced by most of the banks of the countries. India is also practiced it for better service facilities and easy access of banking facilities. Due the increasing rate of the e-banking the problems and crimes related to the e-banking are not sufficient enough. The financial sectors operation that are important for the economy of a country are being driven by the banks are engines. Banks from a very crucial part in the economic development of any country. With an increase in the operations of the banking sector, there is also increase in the number of banking frauds and simultaneously. Fraud in the Indian banking section is not a new event. The Information Technology Act 2000 gives only validity to it, not any clear and specific provision relating to e-banking. The security issues relating to e-banking are increasing and create problems in providing services to the people. The unauthorised access of the banks account by the criminals and other problem relating to it are not getting the proper remedy to the people.
EC and CC are the Encumbrance Certificate and Completion certificate.»Proceed