Blockchain technology is core, underlying technology with promising application prospects in the banking industry. With the increasing need for modernization in our day-to-day lives, people are open to accepting new technologies. From using a remote for controlling devices to using voice notes for giving commands, modern technology has made space in our regular lives. Blockchain technology can be described a data structure that holds transactional records and while ensuing security, transparency, and decentralization, the chances of any fraudulent activity or duplication of transactions is eliminated without the need of a third-party. Banks are among the most seasoned and great monetary middle people in India. Since progression, a few huge changes have happened in the working financial area. Banks in India have seen an extreme change from ‘regular banking’ to ‘accommodation banking’. A study was conducted to identify the transparency of currency without third-party entering. It is the study about the blockchain technology framework and banking Industry. The major role is played in banking sector and main challenges are included. Blockchain technology is reshaping the future of Banking.

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Keywords: Blockchain Technology, Transparency, Reshaping the future of Banking, Decentralization.