9 Safety tips for Internet & Mobile Banking users

As a result of the demonetization matter, many people are moving to online transactions through net banking, whether it is a bill payment, money transfer or creating a fixed deposit public started using net banking (online banking). Online banking or internet banking gives an ease option to do the transactions with few clicks, without going to the bank and standing in the long queues. However these facilities have to be used properly otherwise there could be possibilities of phishing fraudulent activities. This could cause hack you bank account and try to watch over your confidential details.

There are few tips may help you to do the Internet banking safely & securely.

1.Change your password frequently.

When you are first time online banking user you will be prompted to change the password after login. Though you need to change this password to keep your account safe and secure. As well as change your passwords in a regular intervals. Try to make your password more complicated with numbers, alphabets, and symbols etc. Do not use your name date of birth etc. this can be hacked easily. Never share your passwords with anyone, most important thing is keep your passwords safe.

2.Use licensed anti-virus software

Many people’s bank account used to hack by some virus or by malwares. To protect your system and the virus which are spread through Internet can be detected by anti-virus software’s. Original licensed anti-virus will help you to protect your machine from these kinds of virus and malwares. Pirated anti-virus software may be available at free of cost, but these software’s never help you to remove the new virus from your machine. Apart from that you will be notified whenever there is a new release & updates periodically. Ensure that you update your anti-virus software regularly, So that you can keep your information confidentially.

 

3.Do not use public machines (Computers) for Online Banking

When you are planning to do some transactions please use your own private machines. Never use public machines especially Internet café and common libraries to do any kind of online transactions. Because these are the places crowded always and there could be a great chances of tracing your password. If you happened to login through such common machines, make sure you delete the cookies, browsing history and the temporary files from the machine. Never save your user id and passwords anywhere in the machine.

4. Do not share your details with anyone.

A very important thing is never share your user Id, password your cvv details or your debit card details with anyone. No bank will ask you to share the details. Never the share any of these details over phone or email. Use your login id and password in the bank’s official page and make sure the URL is secured. Look for the “https” in the bank’s URL, which will confirm the site is secured.

5. Always sign-out

Make a habit of sign out from the system once you are done with the activity. Never close the browser tab instead of sign out. This will avoid nasty action in your bank account, again this is a common safety procedure.

6. Go with two level authentications:

Check with the bank for two level authentication systems. Now a day most of the banks are coming up with two level authentication methods to avoid suspicious transactions. Many banks offer a unique OTP (One time password) to login the bank account and do the transactions. This OTP’s are time bounded and this can be used for only one transactions.

7. Monitor your accounts regularly:

We strongly advised you to create a notification setup for your account, so that you will be notified whenever there is a trade. Once you logged in the online banking systems you will be able to see the last login information’s. Make a routine of log into the online banking account and verify your account balances. If you are not doing so, please do it so at least once in 2 – 3 days which is fair enough. If you find anything suspicious contact your bank immediately.

 

8. Use bank URL’s to log in

Just keep in mind no online banking providers send a mail to their clients with the link to use online banking, if so that could be fake. Instead always type the bank net banking URL’s and use your log in credentials. Even you can book mark the URL for future use.

9. Contact your bank immediately:

With Internet banking facility you have access to your account 24×7, so take an advantage and check your account details regularly. When you find any hitches using online banking, any suspicious activities found in your account do not hesitate contact your bank immediately and report the transactions.

I presume these information’s are known to everyone but still I would like to spread it to all to have an effortless and secure transaction through online banking without any hitches.
If you have any more information related to safe online banking please use the comment window to spread it across.

Happy banking

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