Internet Banking is also known as Net Banking or Online Banking, a service provided by our banks or financial institutions which allows users to access banking services over the internet. With this, you do not need to visit your bank branches to avail the banking services and you can enjoy all the services anytime ad anywhere. All account holders do not get the access to Net banking, you need to register yourself in order to use Internet Banking on your Mobile phone or laptop. You will have to use the Customer ID and password to log into your Net banking account.
Here are some of its advantages that you should know:
Available 24X7: You can check your bank account balance at any time and transfer the funds without visiting your bank branch.
Simple & Easy: Accessing banking services online is very easy and simple. Within a fraction of seconds, you can transfer funds to different account, open a Fixed deposit account, pay your utility bills etc.
Convenient: You do not need to go out and stand in queues at the bank branch. You can transact anytime and anywhere as per your convenience.
Recorded Transactions: All the transactions that are done online are recorded on a banking portal. You can always check the details as and when required.
Net banking is one of the most convenient ways of making financial transactions through the internet. Post demonetization, this has become a much more common practice amongst us.
Here’s what you can do through Internet Banking:
Manage your Cash Flows – Internet Banking helps in maintaining all your transactions. You can easily set up reminders when your payments are due. You can keep track of your bank account if you do online transactions every time. You will have access to your bank transaction summary and record of transactions made in past.
Foreign Currency Transactions – With Net Banking, you can easily make international transactions. This is one of the safest ways to transfer money into different accounts.
Quick Investments – You can easily purchase, track and redeem your investments. You do not need to interact with any mediator to manage your investments like RD, FD, mutual funds etc.
Go Green – With Internet Banking services online, you do not need to worry about paperwork. This is ecofriendly, since you will be able to view your bank statements online and download the same electronically.
Bill Payments – You can pay your utility Bills, Credit Bard Bills, EMI payments through Net Banking. This can be done from Home or anywhere.
Card Blocking / Unblocking – In case of theft or any other uncertainty, you can always request card blocking through Net Banking service. Also, place another request to unblock the blocked card.
Update your Personal Information – In order to get your personal details updated, you do not need to visit your bank branch. You can simply place your request here and get your details like Mobile Number, Residential Address, beneficiary details etc. updated in your bank account.
Now -a-days, every shopping, travel and other payments are happening online, and it is very easy and convenient way of managing our payments. For this, you simply need to register yourself with your bank.