The segment of Online Banking services in a developing country like India is on an all-time high. The investors, normal customers and entrepreneurs are all enjoying present state of the Indian economy at its optimum best. This is mainly because of the online services ever since they were launched by the Indian banks and financial institutions. With the Online Banking services, a banking customer can issue an e-draft, make balance inquiry, order and even download account statement and even transfer funds on the same working day. This all has been made possible with these services and now the customer does not require being physically present to execute his banking tasks.