International Journal of Research in Management, Science & Technology (E-ISSN: 2321-3264) Vol. 3, No. 3, August 2015 Available at www.ijrmst.org 2321-3264/Copyright©2015, IJRMST, August 2015 37 Impact of Socio Economic Factors on Adoption of E-Banking amongst Salaried Employees Deepjyoti Choudhury 1 *, Dibyojyoti Bhattacharjee 2 1 * Assistant Professor, Department of Business Administration, Assam University, Silchar, Assam, India 2 Professor, Department of Statistics, Assam University, Silchar, Assam, India 1 choudhurydeepjyoti@gmail.com 2 djb.stat@gmail.com Abstract--- Over the last two centuries human race has created innumerable progress in science, medicine and technology. The evidences of technology adaptation can be seen everywhere, from the large spacecraft to a small hand held smart phone. In the current era of technology revolution, no industry in the world is untouched to the use of Information system and Banking Industry is no exception. In the current era of technology revolution, no industry in the world is untouched to the use of Information system and Banking Industry is no exception. The study mainly concentrates on the electronic banking adoption by the salaried section of society. In this study attempt has been made to find out the probable socio economic and demographic factors contributing towards the adoption of electronic banking among salaried employees. The results from the study showed that location of residence, number of earners in the family, educational level, frequency of banking transaction and marital status had significantly contributed towards the adoption of electronic banking among salaried employees. The results derived from the study can be used by banking organizations and managers for proper market analysis and strategy development as far as electronic banking is concerned. Keywords--- Technology, Electronic Delivery Channel, Banking Services, Socio Economic status, Adoption I. INTRODUCTION A famous quote by [1] says “as technology advances, it reverses the characteristics of every situation again and again. The age of automation is going to be the age of do it yourself.” As human race evolved over the ages technological advances and the urge to invent newer technologies went hand in hand. The evidences of technology adaptation can be seen everywhere, from the large spacecraft to a small hand held smart phone. The dependencies on such technology have become inevitable and are now considered as the fourth necessity for life after air, water and food. The technological revolution, seen the rise of Internet and Information Communication Technology (ICT) and in today’s generation, almost every single transaction in the organization is dependent on ICT. In the current era of technology revolution, no industry in the world is untouched to the use of Information system and Banking Industry is no exception. According to [2] bank automation in India dates back to early 1970’s with the use of bulky IBM machines involving the laborious process of feeding data on punched cards were confined to complex inter-bank reconciliation and payroll accounting. Most of the public sector banks at that time started to get out of the legacy manual systems and began computerized banking to sustain in the competition with emerged private sector banks. With the emergence of World Wide Web and networking technologies and also because of low cost of the networking communications, banks in India led to the integration of branches throughout the country. Core banking applications help a bank to shift from 'branch banking' to 'bank banking.' Nowadays, banks are seeking alternative ways to provide and differentiate amongst their varied services. Customers, both corporate as well as retail, are no longer willing to queue in banks, or wait on the phone, for the most basic of services [3]. [4] Highlighted that due to growing competition and sophisticated technology led the Indian commercial banks adopt electronic banking. Some of the electronic products can be named as PC banking, ATM-cum Debit card, Credit card, Mobile Banking, etc. II. BACKGROUND LITERATURE A. Electronic Banking The definition of Electronic Banking varied from time to time. [5] Defined Electronic Banking as provision of banking products and services through electronic delivery channels. E-banking is defined as the automated delivery of new and traditional banking products and services directly to customers through