Net Banking is one of the most popular banking methods provided by the bank to the customers. It uses the internet and browser to provide the user with the banking services. Net Banking provides the user with an access to the banking service 24X7, 365 days. Ever since the introduction of this technology, the net Banking has been the prime banking service for the customer.
Security features provided by the Net Banking
Single Access Key: Net Banking can be accessed by using the User ID and Password that is unique to the account holder. This is the only way to access the banking and even after accessing the Net Banking for any transfer or payment related service the account holder must go through a two step authentication process.
128 bit SSL Encryption: A high level of encryption standard is used for all our Net Banking transactions. It is impossible to crack the code so much so that a supercomputer will take millions of year to crack the 128bit SSL encryption.
SMS Alerts: SMS Alerts is sent that provides OTP for the two step authentication and other bank account details is also sent to the account holder phone after providing any service or update.
Two Step Authentications: Two Step Authentications is just an addition of a step for any of the service related to the transfer of fund for more secure banking. It sends an OTP to the Registered Mobile Number which has to be filled on the screen.
Services offered by the Net Banking
· Fund transfer using NEFT, RTGS and IMPS
· Standing Instructions that enables the account holder to set a monthly payment schedule based on time, date and other factors.
· Balance Check for checking balance which is one of the balances checking method. The most popular being the Missed Call Balance Check Number
· Custom Dashboard provides all the services accessible to the account holder
· Debit and Credit Card facility
· Online enquiry for Cheque book, TDS etc.
· Net banking maintenance portal for chaning password, log in details.
· Help section to trouble shoot any problem
Source- Ask Bank IFSC Code