Traditional bank architecture is based on bank branches. These branches ensure the physical (156) of a customer's savings. A customer may go there to deposit and withdraw money, (157) loans and (158) in other financial transactions. In the past two decades banking architecture has changed the Automated Teller Machine (ATM) has been a big (159) and credit and debit cards have created new financial spaces. (160) the bank branch has remained the bedrock of the banking system after all a person needs a bank account in a branch before he can operate a debit or ATM card. This may be about to change as technocrats now (161) cell phones as the new architecture of virtual banks. This has the potential to make branches (162). Cell phone banking looks especially relevant for India, since it can penetrate the coin tryside cheaply and (163). The world over cell phones are spreading at a (164) rate and in India alone new cell phone connection are growing at the rate of six million a month a rate of customer (165) that no bank can dream of.