10 Top Things to Know about How to Use Net Banking?

Net banking is a digital service provided by banks to their customers that allows them to perform a variety of banking tasks online, such as transferring money, paying bills, and checking account balances. To use net banking, a customer must have an active bank account and net banking credentials.

Net banking offers many advantages, such as convenience and the ability to conduct advanced banking activities without visiting a bank branch in person. However, it is important to be aware that net banking is conducted on an online platform, which can be vulnerable to digital fraud, malicious activity, and hacking. Therefore, it is essential to use net banking responsibly and follow safety guidelines to protect your financial information and accounts.

In this blog, we will discuss how to use net banking properly and provide tips on how to stay safe while using it.

10 Top Things to Know about How to Use Net Banking?

Though there is no sure shot way to safeguard oneself from digital issues; however, one can definitely follow the following points to minimize the digital impact:

Keep the Password Strong

It is advised to create the strong password
The password should be created by using special characters, lower case, upper case, numeric and alphabets. For example- PrI$#@*222%
It is recommended to keep the use of personal information like name, date of birth, phone number, email ID, etc., minimal
Keep the habit of changing the password regularly
It is considered good to keep the password written on a secret diary, cloud or on Google Keep
Always keep the password a secret and never share it with anyone

Monitor Account

Never skip monitoring your net banking account
Ensure to check the passbook on a routine basis
In case of finding any fraudulent or suspicious activity, connect with your respective bank to the earliest possible time

Two-factor Authentication

With the surging number of frauds happening over a digital medium, banks now offer two-factor authentication during the net banking account opening process
Make sure you enter a registered mobile number to receive OTP
The code or OTP sent to the registered number or another system remains valid for a short span. Make sure to enter it accordingly

Logout Practices

Never leave your net banking account unattended
Always log out after completing your transactions or other banking activities

Use secure connections

Resist using public Wi-Fi or public networks
It is advised to always use secure and private network connections
Look carefully if your net banking website starts with HTTPS: or not
Ensure if the bank’s net banking website has a lock symbol in the address bar as it states that all the data is encrypted and will be converted into unreadable gibberish before it is sent

Banking Notifications

Opt for mobile and email alerts whenever a transaction or any other banking activity takes place through net banking or mobile banking
Keep the bank assistance number or customer care number available to you
In case of detecting any malicious or fraudulent activity, connect with the bank and stop it immediately

Email Scams

Banks never ask for a password or other banking credentials details over a call, email or message, hence, beware of any malicious or spammy email
In case of a complaint, banks always connect with their customer personally and verify the details before beginning with the process
Do not respond to any phishing emails
Connect with your bank to confirm the email and details written on it in case you find them valid but dicey to respond

Antivirus Software

Always use the best antivirus software to safeguard your personal information
Update the software regularly

Update Operating System

Keep updating your operating system
Never skip suggested updates from the device
Install the latest version of the operating system to keep your information and data protected

Official net banking website

Always use the official net banking website of banks
Never login to the net banking website through any third-party website
Avoid using the automatic login option as the automatic feature stores the login ID and password

Conclusion

Digital network is vast with a pool of information about companies, individuals, organizations and more. It is a little challenging to say that one can safeguard the data from any malicious threat, however, it can be said that using authorized sites, legal practices and a few best practices written above can help a lot.

FAQs

Can I use third-party websites to log in to my net banking website?

It is always advisable never to use third-party websites to log in to the net banking website as they might result in account hacking.

Can I open my net banking website in incognito mode?

There are banks that do not allow users to open net banking websites on incognito mode as opening it in an incognito browser might result in data or digital frauds.

Who should use net banking?

Anyone with an active bank account or a person who would want to use a more advanced banking service can use net banking.

How many times should I change my net banking password?

It is up to the will of the user to change the net banking password; however, it is advised to keep changing the password once in 2 months or as per banking guidelines.

Priyanka Juyal

Priyanka Juyal- a Writer with a curious mind & vision to create the best out of words. Other times, see her playing the guitar, sketching or narrating folk tales!