ROLE OF MOBILE BANKING IN MODERN BANKING SYSTEM WITH SPECIAL REFERENCE TO HDFC BANK

Mobile banking has transformed the traditional banking system by enabling customers to access financial services through smartphones and digital platforms. The rapid growth of internet connectivity, smartphone penetration, and digital payment infrastructure has accelerated the adoption of mobile banking in India. This study examines the role of mobile banking in the modern banking system with special reference to HDFC Bank, one of the leading private sector banks known for its technological innovation. The study analyzes the adoption patterns, benefits, and challenges associated with mobile banking services. Both primary and secondary data sources were utilized to evaluate the effectiveness of mobile banking in enhancing customer convenience, transaction efficiency, and service delivery. Key indicators such as transaction volume, user satisfaction, security perception, and service accessibility were analyzed. The findings reveal that mobile banking significantly improves customer experience by providing instant transactions, reducing dependency on physical bank branches, and promoting digital financial inclusion. However, issues related to cybersecurity risks, digital literacy, and network connectivity remain challenges for broader adoption. The study concludes that mobile banking plays a vital role in modern banking transformation. Strengthening digital security, improving user awareness, and expanding digital infrastructure can further enhance the effectiveness of mobile banking services in India.