Advantages & Security Tips: Why you need not worry about Net banking?

Net banking is a highly secured, easy to use convenient way to make various transaction electronically over the internet. Often net banking is also known as online banking, Internet banking, digital banking or e-banking. Having net banking facility you can differ yourself from the long queue in your bank. You do not to be present physically at the bank when you make a transaction. Most of the public and private banks and other financial organizations offer this facility to make the purchase easy. This transaction is being over the highly encrypted HTTPS (Hypertext transfer protocol secured ) connection. Although there always some risk exists but if you follow this precaution over time to time may be you need not worry about net banking.

Advantages of having a net banking facility account:

1. Can check account balance and related information anytime in a day. Internet banking is a 24x7 service.
2. Can send money anywhere to a registered account holder. Follow your bank help guides how to register an account holder in your net banking designated account list.
3. Net banking offers you to make a transaction to buy a product from e-commerce websites.
4. E-commerce sites often make an available discount coupon to net banking account holders. You can also grab those discount coupons if you are also a net banking facility having account holder.
5. Can pay electricity bill with net banking (Availability varies from region to region, banks and your electricity service provider)
6. Can pay postpaid mobile bill
7. Can recharge your mobile and electronics device (Prepaid mobile recharge, DTH Connections, etc.)
8. Can pay your credit card bill online with net banking.

Security tips and precautions:

Though the first security standard instructions measured by the central bank of the country but every bank and financial organization add some more safety, feature to secure their account holders transaction. As the end user, the ultimate security lies behind how you are using the net banking facility and your account related information. Here are some gruesome tight security tips which every net banking facility is having user should follow. After all, it's all about to keep safe your hard earned money.

1. Do not share your account related information.

Do not share your account related information to anyone. Bank will never ask you to provide your information neither in E-mail nor over the phone. Avoid this types of E-mail and phone calls. If there is an issue, they will ask you to visit your bank branch office physically.

2. Create a secure net banking Password.

Never create a password with your name or letters or numbers only. Hackers are using several algorithm to hack your password. A strong password should be a combination of alphanumeric letters and a minimum length of eight letter. A long length alphanumeric password is far better than a short length password. Eg of the alphanumeric password is “Vert!ca1”. Vertical the word is easy to remember to you but hard to others.

See also: How to protect websites with password

3. Change password periodically.

Do not use the same password for a long time. Every bank and financial organizations although offers to change your password within a period but it`s far better to change your password within 14 to 30 days. Some of bank and organizations are set their default password change period as long as six months.

4. Avoid login to your internet banking from email link.

Email that provides offers and discounts and contains a direct correlation to log in to your online banking account can be a fraud hyperlink and phishing link. Check those offers from merchant sites and login in a separate tab in the browser and type your login URL directly in the address bar.

See also: How to access Webmail from Outlook

5. Do not share OTP to anyone.

Net banking or online banking uses OTP or one-time password to transact and authenticate the genuine account holder. So make sure you do not have shared your OTP with anybody.

6. Keep your smartphone spyware and malware free.

Keep your smartphone spyware and malware free because both can steal your valuable information saved on your phone and can copy the received OTP in the background.

7. Avoid public network to log in to your net banking.

Avoid public network like cyber café, shared computer, open wi-fi to login into your net banking account. These connections are easy to hack and leak your relevant information.

Related: How to turn your wi-fi internet into virtual router

8. Keep save your transaction receipt

When you have done with your transaction, keep a copy of that transaction receipt. Do not share those receipts with anyone. Check regularly your account balance to make sure that there is not any unusual activity. Contact your bank branch if you find such any particular situation.

9. Use HTTPS when to sign into internet banking

Check your internet browser address bar to make sure that you are using a HTTPS connection to sign into internet banking account.

10. Keep up to date software and applications

Keep your computer internet browser and software up to date and keep up to date your mobile financial applications. Up to date, software and application provide more security.

11. Do not share sensitive information on the social network.

If someone attract you showing you some great deals on the social internet and want to know sensitive account related information, keep remembering to not share your confidential account information.

See Also: How to protect privacy in Android smartphone

12. Log out or sign out.

Always log out or sign out after accessing the internet banking. Delete browser history and cache after sign out and remember to close the browser tab.
Related: Top five secured internet browser.

That’s all for now. Strictly follow this security tips and you will never be in trouble transacting through net banking and take full advantages of net banking.

Share this article if you love this, sharing is caring. Subscribe Digital Doubt via email or RSSfeed or connect us to the social network to get new stuff on the go. Feel free to explain your doubt in the comment box. I`ll be there always.