Information Technology Act, 2000 & other Relevant Acts :

Information Technology Act 2000 provides legal protection for transactions carried out by means of electronic communication. In view of the recognition given to electronic records, electronic signatures, and electronic documents, the banks are also required to follow the amendments of other Acts, such as,

(i) The Indian Penal Code 1860

(ii) The Indian Evidence Act 1872

(iii) The Indian Negotiable Instruments Act, 1881

(iv) The Banker’s Books Evidence Act, 1891 and

(v) The Reserve Bank of India Act 1934