India Banking Has Experienced a Momentous Change In Staged Way In More Than Six Decades Since Autonomy I.E. Establishment Phase (1950-1968), Development Phase (1968-1984), Consolidation Phase (1984-1990) and Reformatory Phase (1990-Till). After Freedom, the Government of India Understood the Significance of the Saving Banking Industry For Financial Advancement and Began Auxiliary Changes By Re-Sorting Out and Uniting the Divided Managing a Banking Network.