A Discussion on the Working of Net BankingDiscussion | July 10, 2013 at 4:21 am
Net banking has made our banking very much easier and simpler now one can bank from home or office. Net banking lets you access your account on the internet for transaction inquiry, mutual funds, investments, fixed deposits, bill payments, cash and draft delivery and pick up and many other features. Here is the outcome of a discussion held recently to get to know more about net banking.
To access Net Banking you need a user –id and a password which can be generated on line. The one time pass word (OTP) registration service is an enhanced security feature that enables high value transactions and an array of other services in Net banking.
To keep you up-to date on your account activity, the banks send you alerts on your mobile or email id, informing you about all your net banking transactions.
With Net banking you can work out all your banking needs by internet and inquire on your account transaction details, cheque status, details of tax deducted at source, transfer funds between different accounts in different banks and fund transfers are enabled via the NEFT.
Paying bills was never this easy. Now with net banking you can pay all your bills or schedule your payments for specific days, and you can also view your bills online for certain specified utilities.
You may also make your travel arrangements like booking tickets, hotels, car with Net banking and pay your insurance premiums, club membership fees, mobile and internet recharge and other related services.
Though net banking is secured, it is imperative to ensure that you log out when finished with your net banking and close your browser window after logging out, and also inform the bank if you notice any unusual activity in your account and you must keep your password confidential.