How to Use Internet Banking?

Posted on Tuesday, June 25th, 2024 | By IndusInd Bank

Internet banking is a feature provided by banks and financial institutions that allows customers to access different banking services via the Internet. It is also known as net banking, online banking, digital banking, and e-banking.  

Internet banking has become popular over the last few years due to its various benefits and technological advancements. If you want to know what Internet banking is and how to use it, amongst other things, read on.  

How to Get Started with Internet Banking?

Before you understand how to do net banking, you must first register yourself for it.  

Here’s how the process can usually unfold: 

1. Choose the right banking partner 

You must have a bank account with an institution that offers all essential Internet banking services. 

With IndusInd Bank, you can access a whole new world of digital banking services. Under its online banking feature, you can get account and transaction summaries, transfer funds, and pay utility bills. You can also request a new chequebook, review your mutual fund investments, and do much more. 

What’s more, you ask? With IndusInd Bank, you can open a savings account online with a 100% digital process.  

2. Create a bank account 

You must open a bank account with your chosen bank. During the process, remember to register for ‘Net Banking’ facilities. If you are opening a bank account conventionally, i.e., through a bank branch, do not forget to select the ‘Net Banking’ option. It is usually available in the account opening form.  

3. Set credentials 

Next, you must secure your net banking account with login credentials, i.e., the username and the password. Selecting a strong password will enhance your account’s security.  

Now that your Internet banking account is set up, let us understand how to use net banking services.  

Using Internet Banking – A Guide 

With your online banking account ready to use, it’s time to look at the various services you can enjoy:  

1. Transfer of funds 

With internet banking, you can transfer funds seamlessly between accounts or to third parties using NEFT or RTGS. You can also set up beneficiaries, pay credit card bills, and schedule transfers as you see fit.  

2. Payment of utility bills 

One of the most common examples of Internet banking is the ability to pay utility bills from the comfort of your home. You can also pay bills, register billers, receive alerts for due payments, and schedule automatic payments from your account.  

3. Instant access to your account details 

Internet banking brings your bank account to your fingertips. You can get account and transaction summaries and view and download bank statements. You can also view images of cheques you have issued and debit/ credit card details, along with any reward points.  

4. Request generation and intimation 

Internet banking also allows you to send requests to your bank for a new chequebook or an account statement, to open a fixed deposit, and so on. You can notify the bank immediately of lost/stolen debit or credit cards, any changes in contact details and communication address, etc.  

Simply knowing how to do Internet banking is not enough. One must also be aware of safe Internet banking practices to ensure the safety and security of their accounts and finances.  

Also Read: The Rise of Digital Banking: Why Online Savings Accounts Are Gaining Popularity 

Tips to Have a Safe Internet Banking Experience 

To ensure a secure banking experience, follow these best practices: 

1. Install a reliable anti-virus software to protect your devices from malware and cyber threats.  

2. Do not access your bank accounts over public Wi-Fi networks. It may compromise your personal information. 

3. Beware of suspicious links or emails. Always log in directly through the bank’s official website. 

4. Change your passwords frequently and avoid using easily guessable combinations. Enable notifications to stay informed of any account activity. 

As the above information suggests, internet banking is a convenient way of availing banking services. Ensure to follow safe net banking practices to keep your account out of harm’s way.  

Enjoy an array of digital banking services with IndusInd Bank savings account. Open a bank account and register for net banking now! 

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.