How to Activate Internet Banking in Lock Down Time?

How to Activate Internet Banking in Lock Down Time?

Banks will not levy any penalty if customers do not maintain average monthly balance in their bank accounts amid the lock down.

This News is Brought to You by SATiiTV.COM

Digital transaction become most essential part of human life as you cant not go to the bank for depositing or withdrawal money due to 2nd phase lock down for corona virus outbreak in India. But everybody is not tech savvy or hesitate to click on online banking for security reasons.

Most net banking services are free, including money transfers.

But there are ways you can do online transaction easy way. You can open a new account with either payments bank or small finance bank. There are some payments banks & finance institution which now allow individuals to open savings account sitting at home, using Aadhaar for KYC (Know Your Customer).

So you can use your smartphone for mobile banking or laptop / desktop for internet banking whatever you are comfortable.

Customers can avail 250+ features on digital platforms (internet banking and mobile app). Customers can change address, order cheque book, update their KYC, on both Net banking & Mobile app. They can even apply for a new credit card, loans, invest their money in a fixed deposit or mutual funds, among others, within seconds using digital platforms.

How to Activate Internet Banking ? Follow These Steps

1. Go to the internet banking website of the bank.

2. Click on the option – New user.

3. You will be taken through an authentication process using your customer ID and account number. You can check the Customer ID in all banking communications, including on your cheque book & passbook.

4. Most banks send an OTP (one-time-password) on the registered mobile. In addition, they will need you to key in your debit card number and its PIN (personal identification number). This is a one-time process.

5. The user will then need to set a password. Once this is done, he / she can start using internet banking.

When you start with net banking, you must take the following caution:

1. Ensure that the bank’s website is the right one.

2. The website should start with “HTTPS” and not “HTTP”. It means the website has required security installed. Fake websites don’t have the address starting with “HTTPS”

3. When downloading an app, the developer should be your bank. Read the comments to ensure the app is from your bank.

4. All banking transactions should be done on your home WiFi or mobile data. Don’t do banking transaction on public WiFi

Earlier this month, Finance minister Nirmala Sitharaman gave some relief to individuals for banking services. Banks will not levy any charges or penalties if customers are unable to maintain the average monthly balance or average quarterly balance in their bank accounts.

This News is Brought to You by SATiiTV.COM
in Association with RR Solution 

Related posts