At regular intervals, almost once every five years, from 1980 / 1 to the Reserve Bank has appointed committees and working groups to deliberate and recommend the appropriate use of technologyThe banks give the circumstances and needs. These committees are as follows: 

-1 Rangarajan Committee in early 1980. 
-11 Rangarajan Committee at the end of 1980. 
Saraf group-work in early 1990. 
Vasudevan working group at the end of 1990. 
Barman working group in early 2000.

Based on the recommendations of these committees and working groups, the Reserve Bank's guidelines for banks. In 1980 the use of technology to back-office activitiesbanks have dominated the scene. It 'was in terms of accounting and collection of MIS. In the interbank payment systems, has been in the form of clearing and settlement with MICR technology.

Two important decisions of the Federal Reserve in 1990 forever changed the scenario are: 
a) The period of compulsory use of technology to the full extent of the new private banks, as a condition of licensing and 
b) The establishment of aExclusive Research Institute for Banking Institute for Technology Development and Research in Banking Technology.

Since the new private banks came to the stadium, such as banks and technology experts offer a range of innovative products at the front office to customers based on technology, demonstration of restoration of the banks caught. Multi-Channel-based services such as machine (ATM banking and PC), based on the cards (credit / debit / smart card), communicationBase (tele-banking and Internet banking) phoneanytime, anywhere banking banks in India. The IDRBT was instrumental in creating a safe, state of the art communications backbone of the Indian Financial Network (Infinet) as a closed user group only for thebanking and financial sector in India.

CHANGE banking 
Liberalisation has brought several changes to the service sector in India.Probably the Indian banking industry learned a tremendous lesson. Before liberalization, we have all been in a bank and payments. Service standards have been pathetic, but all we could do was smile and endure. Post-liberalization, the tables have turned. This is a customer-driven market right now.

Technology has revolutionized every aspect of human activity. One of these is the introduction of information technology in the capital market. The Internet is changing bankingthe banking sector and a major impact on the banking relationship. web is important for financial services to retail customersas well as many other industries.

Retail Banking in India is the individual maturation over time, more products could be next. The housing sector's busiest, witnesses of ruinous competition. The home loans are popular because they allow you to achieve your most cherished dreams. Interest rates aremarket has dropped and I saw some innovative products as well. Other retail banking products, personal loans, mortgages and vehicle loans education. Almost all banks and financial institution offers these products, but it is important that the various aspects of these loan products, to understand that not mentioned in their colorful advertising.

plastic money 
Plastic money is a delightful gift for the Indian market. Giving relief from carrying too much cash. Nowsome new features added to the plastic money to make it more attractive. Formula works on buy now pay later. There are several facts of synonyms plastic credit card, money for everyone.

Credit is a financial instrument that can more than once used to lend money or buy products and services on credit. Banks, retailers and other rule in this matter. On the basis of their credit limit, are of different species, such as Classic, Gold orSilver.

Charge card, they have almost the same properties as credit cards. The fundamental difference is, you can not move payments from general higher credit limit, or sometimes without credit limits. 
Debit Card This card can be used as a mobile ATM account holder will be called, for this you need a bank account with a credit card.

Over the years, the banking sector in India has seen none. changes. Most banks have started to themselvesinnovative approach for banks with the goal of creating more value for customers and then the banks. Some of the most important changes in the banking sector are discussed below.

MOBILE BANKING 
Among the benefits of the booming market for mobile phones and mobile services, banks have more mobile phones introduced Mobile Banking allows customers to perform banking transactions. For example, he HDFCSMS services introduced. Mobile banking operation is especially focused on people who travel frequently and deal with their banks.

Land Banking 
One of the innovative system of rural banks was called into life by the Kisan Credit Card (KCC) SCHMME began in 1998-1999 fiscal year from NABARD. KCC-mode makes it easier for authors to gain more agricultural inputs. In addition to normal agricultural loans, banks offer a variety of other Products targeted to the needs of the rural population.

Private banks also saw the potential of rural market. In early 2000, ICICI Bank set up Internet kiosks in rural areas of Tamilnadu started with ATMs.

NRI SERVICES 
With a significant number of Indians who have relatives abroad have begun to banks, services, expatriate Indians to send money to relatives India can offer cost-effective to transfer one of the most important improvements of the report.

E-> Banks 
E-banking is becoming increasingly popular among retail banking customers. E-banking helps to reduce costs by providing cheaper and faster way to deliver products to customers. It also helps the customer to the place, time and method that will use the services and gives power, the provision of services by multi-channel banking. This e-banking is "driven by two engines of the" client-bank-pull and push.

CONCLUSION
Technology is one of the most important factors for the development of mankind. Information technology and communication is the biggest volumes in the field of technology, the phone is for the processing, storage and dissemination of information by electronic means. Banking is growing rapidly with the use of technology in the ATM, bank online banking, mobile banking, etc., plastic card is a banking productprovide for the needs of the retail segment has seen its numbers grow in geometric progression in recent years. This growth has been strongly influenced by developments in technology, without which this would have been possible, of course it will change our way of life in the coming years, he said.