How to do Net Banking

There used to be a time when banking facilities were restricted to the four walls of a bank and available only at certain hours of the day, on public working days when there would be no scope for a holiday. Owing to this, people who held a bank account had to make themselves present in person at the bank, if they had to make use of any of the banking facilities offered by their bank. For example, if a person had to deposit a sum of money or withdraw a sum of money, or else, transfer the money in the bank account of another person, they had to pay a visit to the bank branch and make the transaction themselves.

However, the digital age has brought with it, a number of changes and advancements for the general public, along with a change in the manner in which banking functions are carried out on a routine basis. New technology now means that people can get the same old tasks done at the comfort of their home or office, in a matter of few seconds, without having to stand in long queues. These are the features of net banking that have come as a savior for people in the modern age when the time is considered as money.

What is net banking?

Internet banking is a method of banking in which banking transactions are conducted electronically on customer’s smart phones or laptops instead of going to the bank. In more than one ways, internet banking is a revolution which has altered the way in which banking officials used to carry out their work and customers used to seek their services. Nowadays, most of the matters are conducted online through internet banking. Customers are required to visit the bank to carry out transactions which are still not available via internet banking.

How to do internet banking?

With new technology comes a curiosity and doubt among people about how they can utilize the services of internet banking. As difficult as it seems, technology is not so hard to grasp after all. With only a few minutes to spare and knowledge of some terms, a person can learn how to do internet banking quite easily. Nowadays, every bank has a very convenient and feasible interface that allows a customer to gain access to internet banking services and even have a dedicated help center, where customers can post their queries and get solutions to them in time.

What are the features of internet banking?

Well, without any specific features and reasons to opt the same, no one would be willing to switch from a conventional method of doing things to a new and modern way of doing the same. Internet banking is filled with a number of features that make it a highly desirable and sought after service, seeking to help many. Take a look at some of the features of internet banking that make it such a convenient service for bank customers nowadays:

1. A customer can check his account statement at any point in time and verify the monetary value of the balance lying to the credit of his account.
2. A customer can choose to make a transfer of funds from his bank account to that of another banking customer, may be in the same bank or another bank.
3. A customer can utilize the service of opening a fixed deposit through internet banking portal, without the need to visit a bank branch and stand in long queues.
4. Customers can make payment of various bills and dues through their bank account to the respective merchants.
5. Customers can also carry out general activities such as buying general insurance and paying for their taxes.
6. Ordering cheque book is also made simpler with the use of internet banking.
7. Various non financial activities can also be carried out through the use of internet banking.

In order to use internet banking, a customer need to apply for the same with his bank, upon which, he shall be provided with a unique ID and password, which can be used to log in to internet banking services through a laptop or desktop. A one time password shall be sent to the customer on his registered mobile phone number, which he can use to complete the authentication process and gain access to various services available through internet banking.

What are the advantages of using internet banking?

Every new technology or service that eliminates a deep load of hassle involved in the deployment of any service, in its erstwhile manner, should be deemed to be an ergonomic alternative or replacement of the existing activity, without a doubt. Internet banking has provided a simpler and hassle free interface for banking customers to take the same services from a bank that they used to obtain earlier, only without the need to stand in a long queue or be caught in a crowd. Now, a person can choose to engage any service of the bank through his smart phone or desktop, at his own leisure and convenience in time. Customers have gained the autonomy to transact whenever and wherever they like and not be bound by the timings and operational days of the bank. This is a major face lift for the entire banking system in India, and it should be developed further to assists customers and let them take the advantage of the upcoming technology. Following are some of the unique advantages of internet banking, which make it an indispensable service for the customer in the modern times:

1. Banking at the finger tips of the customer: Customers can avail any service at any point in time, without the need to wait for anyone.
2. Make bill payments: Now, customers do not need to wait in long queues to make a payment of various bills. Every such service has been automated and mechanized.
3. Safety and security ensured: While carrying a sum of money in hand involves risk and danger of theft, but one can transact easily through internet banking, without ever having to hold a single note of money in his hand.
4. Ease of access: Nowadays, availability of mobile phones and desktops is so pervasive that one can get access to the services of internet banking in an instant, without worrying about available infrastructure. Internet banking is the modern technology of the modern times!