Safe Banking Practises

The majority of Indian banks' processes are progressively moving online. Stepping away from traditional techniques has become vital for everything from moving money to paying bills to investing. Despite the fact that about half of India's population has accepted the shift to online and mobile banking, many people remain sceptical. The primary issue is internet security, which is understandable; nonetheless, this should not prevent anyone from transacting. Here are some secure online banking guidelines to help you have a smooth and easy banking experience:

Everything Starts with Your Passwords

When transacting online or on your smartphone, the cardinal rule is to use a strong password that you update on a frequent basis. This is one of the most important and essential internet banking safety guidelines. Use arbitrary numbers, symbols, and characters that only you will recall. Most banks will advise you to use a mix of all three, and some will even notify you if your password isn't sufficiently strong. Using both upper- and lower-case letters is also beneficial. Birthdays, names, and house numbers, for example, should be avoided. Finally, under no circumstances should you disclose your passwords with anybody. Your passwords are one-of-a-kind and intended exclusively for you.

For login, do not keep passwords or credentials in your browser or any applications.

Keep a Close Eye on Your Accounts: Keep a close eye on your accounts' activities, especially if you make a lot of transactions. It's one of the few secure online banking advice about which we've gotten oblivious. You must examine your bank balances and monthly statements for any unusual debits. If you come across such or similar transactions, contact your bank.

Make sure you're connected to the internet over a secure connection.

One of the safe online banking advice is to utilise a secure internet connection to avoid anyone from exploiting your personal information. If you're travelling, connect to your smartphone's hotspot to ensure that the wi-fi is password-protected and not free. To access your bank's netbanking platform, you can even use a private browser.

Receive Notifications

Turning on your bank's alerts from your mobile phone is one of the secure online banking suggestions. You may also choose to get SMS notifications. Many banks enable you to customise your notifications and alerts, for example, you may specify specific triggers such as when your account balance falls below or exceeds a certain threshold.

Every time you leave, you must sign out.

Remember to sign out of your netbanking or mobile banking session when you're finished. This is one of the secure online banking recommendations that few people are aware of. Log out after unchecking the 'Keep me signed in' box. Clear your browser history and cache once you log off as an extra precaution.

Sort the genuine from the phoney

Phishing and phone scams have become more common in recent years. This is one of the secure online banking guidelines that you may already be aware of. Your account details, passwords, card CVV numbers, and OTPs, among other things, are kept private. Unless you initiated the transaction, never entertain or answer an e-mail or phone call that seeks any or all of these details.

Do not click on any of the links included in the email / SMS communication. To access your account, always put the bank's website URL into the browser's address bar.