Net banking works in a systematic and easy way for the bank customer. You need to understand the basic steps in net banking to carry out your banking transactions. Moreover, you should also be aware about the instructions and measures to avoid loss due to net banking.
In the earlier days, people used to visit banks personally and carry out banking transactions. But now internet technology has removed these unnecessary efforts of the customers. Now, you need not go to the bank for knowing your account balance. You can simply log on the bank’s official website and perform banking transactions such as understanding account balance, transferring money to third party, opening of fixed deposit account, etc.
Benefits of net banking
The net banking portal of the bank is like an interface so that the customer can perform banking activities. You can manage your finances like opening or liquidating your fixed or recurring deposit accounts. You can transfer money to the third parties instantly. All these facilities are availed from the comfort of your home or office. All you need is a computer and a good internet connection.
Net banking is safe and secure. But the customer must not blindly carry out the transactions. You are required to follow certain instructions such as not disclosing your password to anyone, be alert with regard to phishing mails, and so on. Banks follow the practice of continuously reminding their customers about the measures to be taken in situations of mishap. You will receive mails and messages about internet banking instructions.
Process of net banking
Now-a-days, most of the people carry out their banking transactions through net banking. So, why are you lagging behind to avail this facility? Let us understand the simple process of getting registered as a net banking customer.
You have opened an account with the bank. The bank will provide you with net banking login details along with a password. You are required to access the bank’s official website, and change the password immediately. Moreover, you are not supposed to share your password with anyone. Your password must be easy to remember for you and also a bit tricky. Other persons should not be able to guess your password such as using your name or pet’s name is strictly to be avoided.
You must always use the virtual keyboard offered by the bank to enter passwords. In this way, hackers cannot access your personal details. After successful login, you can view your existing account balance, and buttons for carrying out transactions. Please note that the official website of banks may differ from each other. You have done with your banking transaction. Now, log out from the account properly. You must never keep your account logged in. It will result into a problematic situation if your account details are hacked or misused by someone. Of you log out from your bank account, no one can access your account and misuse it.
Now Banking website will auto-logout if you are idle for sometime. This security feature is good, since others cannot access your bank details, even if you forget to log off.
So, these are the benefits and a simple process to get registered for net banking. Avail these advantages soon. Happy net banking!
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Net banking is one of the latest features offered by several banks these days. With the increased popularity of net banking, the unnecessary wastage of time and efforts has reduced. The 24*7 ease of accessibility has made banking procedures a piece of cake for everyone. But with the advent of any such new facility, it becomes extremely important for the masses to understand the basics of the same and this is what the above article has briefed us about.
ICICI was the first bank to introduce net banking in India. Private sector banks should be applauded for bringing in these initiatives. It is their efforts and willingness to increase the efficiency of the system (which ultimately helps them obviously). The benefits pass on to the common man in big ways. This is achieved by PSB’s. I personally feel that PPP model can really work wonders to bring in technology diffusion into the ailing state owned banks. And it is necessary if India really wants to showcase its upliftment in front of the world. Net banking is one of that pioneering technology
Net banking is a pioneer in banking sector. It is everyone’s cup of tea these days. I remember, during my childhood i used to visit bank for cash withdrawals or depositions etc with my grandfather but now thanks to net banking as it is a boon for them as well, in their old age. Now i need not even sit with him in helping him to follow the instructions,rather he has become a pro at this!!! Really, this 24*7 service has smoothed our lives.
Net banking is surely a boon to all of us. But this facility is usually not available to all the customers. There is some specifications regarding to it too. Plus for safety reasons there is some fixed amount that can be withdrawn and withdrawing is usually restricted to some three or four times for a day. But it surely is helpfull.